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    OFF-MARKET Estimated value $10,410,000
    Medical Office Space

    3702 State St, South Salt Lake, UT 84115-5078

    53,756 SF 4.29 ac lot Built 2017
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US86-1101324
    Property summary
    AI-generated overview

    This exceptional 51,590 square foot Class B medical office building, constructed in 2017, is situated on a 4.35-acre lot in the Interchange submarket of South Salt Lake, Utah. The property boasts a two-story design and offers ample parking with a ratio of 4.3 spaces per 1,000 square feet. Currently, there is 1,596 square feet of vacant space available for lease, previously used as a pharmacy. The building is configured as a single suite, making it ideal for a variety of medical practices or related businesses. Its location in Salt Lake County, at 3702 S State St, 84115, provides excellent accessibility and visibility. The property's multiple tenancy structure offers flexibility, and its modern design and ample space cater to the needs of growing medical businesses. This is a rare opportunity to secure a well-maintained, strategically located medical office space in a thriving area. The building's 2017 construction ensures modern amenities and efficient layouts. The available space presents a chance to establish or expand a medical practice in a high-demand location. Interested parties should inquire about lease terms and availability.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2017
    Total area 53,756 SF
    Lot 4.29 ac (186,872 SF)
    Zoning code Z BUS
    APN 16-31-151-082
    UPID US86-1101324
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $11.69M
    Comparable Approach Comparable
    $9.12M
    Blend (final) Blend
    $10.41M
    Owner & transaction history
    Medproperties Salt Lake LLC · 3 yrs held
    Medproperties Salt Lake LLC
    since 2023
    3 recorded transactions
    2023
    1969
    1969
    Zoning & alternative use
    Z BUS · South Salt Lake, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $7.4M +4.2%
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