Property profile

2354 State St South Salt Lake, UT 84115

OFF-MARKET
Retail space
Property ID
US86-0516879
10,000 SF 0.13 ac lot Built 2005
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial investment opportunity encompasses two warehouse buildings totaling 31,500 square feet situated on a 1.75-acre lot in South Salt Lake, Utah. Located at 2354 S State St, Salt Lake City, UT 84115, this property presents a compelling investment prospect with a list price of $8,000,000. The asking price translates to $254 per square foot, reflecting strong value in the current market. The property's classification as an industrial warehouse makes it suitable for a variety of uses, catering to businesses requiring substantial storage and operational space. Its strategic location within Salt Lake City offers convenient access to major transportation arteries, enhancing logistical efficiency for potential occupants. The substantial lot size provides ample room for expansion or future development, adding further appeal to this investment. Detailed financial information and property specifics are available upon request. This is a rare opportunity to acquire a well-positioned, sizable warehouse property in a thriving Utah market. Serious inquiries only.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,000 SF
Lot 0.13 ac (5,663 SF)
Zoning code ZBUSA
APN 16-19-153-009
UPID US86-0516879

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
  • Big Box & Wholesale Store

Location

2354 State St South Salt Lake, UT 84115-2755
South Salt Lake metro Census 111500 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2006
Price N/A
2002
Price N/A

Zoning & alternative use

ZBUSA · South Salt Lake, 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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