Property profile

240 Morris Ave Salt Lake City, UT 84115

OFF-MARKET
Investment properties
Property ID
US86-0395909
62,844 SF 2.29 ac lot Built 1989
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The I-80 Corporate Center, a Class B office building located at 240 E Morris Ave, South Salt Lake, UT 84115, offers exceptional executive office space for lease. Built in 1989, this 60,000 square foot building provides multiple tenancy options, with a minimum divisible space of 5,292 square feet and a maximum contiguous space of 13,883 square feet. Currently, there are 19,175 square feet of vacant space available, perfect for businesses seeking flexible and adaptable office solutions. The property boasts a convenient 3.75 parking spaces per 1,000 square feet parking ratio, ensuring ample parking for employees and clients. Situated in Salt Lake County, this location offers easy access to I-80, providing excellent connectivity throughout the Salt Lake City metropolitan area. The building's executive office spaces are ideal for companies seeking a professional and well-maintained workspace in a prime location. The available space is highly adaptable and can be configured to meet the specific needs of various businesses. Inquire today to learn more about leasing opportunities and explore the possibilities of establishing your business in this thriving area of Salt Lake City.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1989
Construction CONCRETE
Total area 62,844 SF
Lot 2.29 ac (99,752 SF)
Zoning code MIXED
APN 16-19-326-021
UPID US86-0395909

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
  • Medical Clinic
  • Physician
  • Business Management Consultant Business To Business Service
  • Physician
  • Physician

Location

240 Morris Ave Salt Lake City, UT 84115-3277
Salt Lake City metro Census 111400 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.99M
Blend (final) Blend
$7.13M

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MIXED · Salt Lake City, UT
Top alternative use upside
Restaurant $8.6M +14.8%
Medical building $8.3M +10.1%

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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