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Property profile & analytics
OFF-MARKET Estimated value $3,545,000
Parking lots & garages

55 Utopia Ave Salt Lake City, UT 84115-2301

474,646 SF 2.15 ac lot Built 2021
Entity Owned Free & Clear
Property ID
US86-0812488
Property summary
AI-generated overview

This exceptional 4,889 square foot Class A executive office space is ideally situated in South Salt Lake's Sugarhouse submarket at 55 W Utopia Ave, 84115. Built in 2023, the entire building is currently available for lease. The property boasts a generous 2.15-acre lot, offering ample space and potential for expansion or outdoor amenities. The building's modern design and high-quality construction reflect its "A" classification. Located in Salt Lake County, Utah, this multiple-tenancy property presents a unique opportunity for businesses seeking a prestigious and functional workspace. The property is categorized as both retail and office, offering versatility for a variety of business types. The convenient location within the Sugarhouse submarket provides easy access to major transportation routes and a vibrant commercial environment. With its expansive square footage and prime location, this property is an excellent investment for businesses seeking to establish or expand their presence in the thriving South Salt Lake market. The entire 4,889 square feet is vacant and ready for immediate occupancy. This is a rare opportunity to secure a brand-new, high-quality office space in a desirable location.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 2021
Total area 474,646 SF
Lot 2.15 ac (93,654 SF)
Zoning code DT
APN 15-24-239-001
UPID US86-0812488
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
  • Bowers Residences Real Estate Agency
  • PLUNJ Salt Lake Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.55M
Owner & transaction history
SOUTH CITY CONDOMINIUMS
SOUTH CITY CONDOMINIUMS
Zoning & alternative use
DT · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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