Property profile

1950 Ft Un Blvd Salt Lake City, UT 84121

OFF-MARKET
Medical Office Space
Property ID
US86-0354704
8,067 SF 0.45 ac lot Built 1983
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 8,100 square foot medical office building, situated in the thriving Cottonwood Heights area of Salt Lake City, Utah, presents a unique investment opportunity. Built in 1983 and boasting a Class B rating, this two-story building features a single-tenant occupancy model with 3,944 square feet currently available. The property is conveniently located at 1950 East Fort Union Boulevard, 84121, offering easy access to I-215 and a wealth of nearby amenities. Its prime location on Fort Union Boulevard, just off Highland Drive, ensures high visibility and accessibility for both patients and staff. The building includes elevators for convenient access to both floors. Ample parking is available, catering to the needs of tenants and their clients. The property has undergone recent renovations, enhancing its appeal and functionality for modern medical practices. This is an ideal space for a growing medical practice seeking a well-maintained, conveniently located, and readily accessible office space in a vibrant community. The building's single-tenant occupancy provides a streamlined and efficient operational environment. This opportunity offers a blend of established infrastructure and modern upgrades, making it a compelling choice for discerning medical professionals.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,067 SF
Lot 0.45 ac (19,602 SF)
Zoning code CR
APN 22-21-483-013
UPID US86-0354704

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

1950 Ft Un Blvd Salt Lake City, UT 84121-6894
Salt Lake City metro Census 111202 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2016
6 recorded transactions
2016
Price N/A
2005
Price N/A
2002
Price N/A
1995
Price N/A
1994
Price N/A
1969
Price N/A

Zoning & alternative use

CR · Salt Lake City, UT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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