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Property profile & analytics
FOR LEASE
Investment properties
32 E Exchange Pl, Salt Lake City, UT 84111
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0525936
For Lease
1 / 8
$28 SF/Yr
32 E Exchange Pl, Salt Lake City, UT 84111
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Property summary
AI-generated overview
The Commercial Club Building, a historic seven-story office building in Salt Lake County, offers exceptional executive office space for lease. This Class C building, constructed in 1989, boasts a total of 61,081 square feet and features four suites, with a significant amount of vacant space totaling 27,449 square feet. Multiple tenancy options are available, ranging from a minimum of 3,758 square feet to a maximum contiguous space of 8,415 square feet. The entire building, encompassing 60,994 square feet, is also available for lease. Floor plates range from 6,160 to 8,913 square feet, offering flexibility for various business needs. The building sits on a 0.26-acre lot and is zoned D-1. Its unique historic architecture is a key feature, complemented by convenient access to the TRAX light rail system. Pre-approved rates, tenant improvements, and lease terms are available based on approved credit. The property's APN numbers are 1606302007 and 1606302003. This presents a rare opportunity to secure prime office space in a desirable Salt Lake City location.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,206 SF
Lot
0.19 ac (8,276 SF)
Zoning code
D-1
APN
16-06-302-007
UPID
US86-0525936
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
-
Commercial Club Building Hotel & Motel Resort
-
Siegfried & Jensen Law Firm
-
Jayy Klipsz Financial Advisor
-
SHOUT! Nightclub DJ & Entertainment
-
Temple Terrace Event Center Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.41M
Owner & transaction history
Commercial Club Ptshp LLC · 7 yrs held
Commercial Club Ptshp LLC
since 2019
2 recorded transactions
Zoning & alternative use
D-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$26 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$52,142
Tax year 2023
Assessed value
$5,274,500
Assessed 2023
Previous assessed
$5,274,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$795,300
Assessed improvement
$4,479,200
Land market value
$795,300
Improvement market value
$4,479,200
Total market value
$5,274,500
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
2
Stories
3
Units
1
Total area
55,206 SF
Lot
0.19 ac (8,276 SF)
Zoning code
D-1
APN
16-06-302-007
UPID
US86-0525936
Jurisdiction
SALT LAKE
Zoning & alternative use
D-1 · Salt Lake City, UT
Zoning D-1 · permitted uses
D-1 · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
3
Buildings
2
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Commercial Club Ptshp LLC
Entity
Mailing address
1961 S LA CIENEGA BLVD, LOS ANGELES, CA 90034-1601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2019
—
Commercial Club Ptshp LLC
—
Grant Deed
related
$4,000,000 · Brighton Bk
—
—
Commercial Club Building LLC
—
Deed Of Trust
related
$750,000 · Redevelopment Agency Salt Lake
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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