331 S Rio Grande St, Salt Lake City, UT 84101
For Lease
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The Carpenter Building offers exceptional creative office space in the heart of Salt Lake City. This multi-tenant building boasts 10,997 square feet of immediately available space, with a minimum divisible unit of 1,978 square feet. Enjoy the building's unique aesthetic, featuring exposed brick and ductwork, original hardwood floors, and abundant natural light throughout both individual suites and common areas. High ceilings, reaching 15 feet, contribute to a spacious and inspiring work environment. Suites offer open floor plans, ideal for modern businesses. The building is conveniently located next to major freeways, providing easy access to Salt Lake City International Airport and the University of Utah. Its prime downtown location places it within walking distance of The Gateway, Pioneer Park, the TRAX light rail system, and all the amenities of downtown Salt Lake City. Ample adjacent parking is available for tenants and visitors. The building includes an elevator for ADA accessibility and a convenient common area loading dock. With hundreds of new apartment units under construction within a one-block radius, this location offers exceptional growth potential and a vibrant, urban atmosphere. This is a rare opportunity to secure high-quality creative office space in a highly desirable Salt Lake City location. Salt Lake County location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
D-3 · Salt Lake City, UTSalt Lake City. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.