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    Property profile & analytics
    OFF-MARKET Estimated value $1,380,000
    Investment properties

    307 200th S, Salt Lake City, UT 84101-1212

    49,449 SF 0.62 ac lot Built 1911
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US86-0511705
    Property summary
    AI-generated overview

    The Crane Building, located at 307 W 200 S in Salt Lake City, UT 84101, offers a unique opportunity for businesses seeking creative office space in a vibrant downtown setting. This multi-tenant building boasts a total of 44,040 square feet, with a variety of suite sizes available. The minimum divisible space is 242 square feet, ideal for smaller startups or satellite offices, while larger tenants can occupy up to 3,547 contiguous square feet. Currently, there are 6,955 square feet of vacant space ready for immediate occupancy. The building's versatile design caters to a range of business needs, encompassing both retail and office spaces. The creative office subtype is particularly well-suited for companies in design, technology, or the arts, appreciating the building's character. High ceilings, measuring 10 feet, contribute to a spacious and airy atmosphere. This prime location in downtown Salt Lake City provides excellent access to amenities, transportation, and a thriving business community. The property is perfect for businesses seeking flexible and adaptable workspace in a desirable urban environment. Inquire today to learn more about leasing options and explore the possibilities of establishing your business within this dynamic building.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1911
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 49,449 SF
    Lot 0.62 ac (27,007 SF)
    Zoning code D-4
    APN 15-01-251-003
    UPID US86-0511705
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Arc Blue Electric Electrical Service General Contractor
    • Chile-Tepin Restaurant
    • ProTelesis, Global IT Innovation Telecommunications Service General Contractor
    • Crisp Restaurant Systems (Bike/Boat/Book/etc) Store Corporate Office
    • Fred P. Lenhardt Attorney At Law Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $945k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.82M
    Blend (final) Blend
    $1.38M
    Owner & transaction history
    Crane Associates Lc · 14 yrs held
    Crane Associates Lc
    since 2011
    5 recorded transactions
    2011
    2011
    1969
    1969
    1969
    Zoning & alternative use
    D-4 · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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