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Property profile & analytics
OFF-MARKET Estimated value $535,000
Commercial land

421 Wakara Way Salt Lake City, UT 84108-1244

2.42 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US86-0549676
Property summary
AI-generated overview

This exceptional Class B office property at 421 Wakara Way in Salt Lake County offers two immediately available suites perfect for businesses seeking a convenient and well-equipped workspace. Each suite boasts a generous size, ranging from 1,566 to 1,581 square feet, providing ample room for various office configurations. The building features modern amenities including keypad access control for enhanced security and direct lobby access from each suite, ensuring both privacy and ease of access. A significant advantage is the convenient location, with an onsite Knickerbocker Deli and daycare facility, catering to the needs of employees and offering a convenient work-life balance. The property also boasts an impressive parking ratio of 2.8 spaces per 1,000 square feet, ensuring ample parking for tenants and their visitors. A total of 4,052 square feet is currently vacant and ready for immediate occupancy. This is a multi-tenant building offering a professional office environment in a desirable suburban location. The "plug and play" nature of the suites makes them ideal for businesses looking for a quick and efficient move-in process. Don't miss this opportunity to secure your ideal office space in a thriving Salt Lake County location.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 2.42 ac (105,415 SF)
Zoning code RP
APN 16-03-300-002-6020
UPID US86-0549676
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
  • Utah Sports Properties University
  • Rich Christopher MD Physician
  • Carrie McAdam Marx, RPh, PhD Physician
  • Noble Labs Medical Laboratory
  • David M. Peterson, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k
Owner & transaction history
UNIVERSITY UTAH
UNIVERSITY UTAH
Zoning & alternative use
RP · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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