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    Property profile & analytics
    OFF-MARKET Estimated value $1,640,000
    Investment properties

    56 Broadway, Salt Lake City, UT 84111-2232

    51,975 SF 0.17 ac lot Built 1910
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US86-0517168
    Property summary
    AI-generated overview

    This iconic Salt Lake City property, Vibe Broadway (56 E Broadway, 84111), offers 53,636 square feet of prime commercial space, currently 100% occupied. The seven-story building, originally constructed in 1910 and effectively rebuilt in 2002, boasts a blend of restaurant and creative office space. The ground floor features retail/entertainment space, while five upper floors provide flexible creative office layouts. Modern architectural features include exposed brick, high ceilings, and large windows, creating an open and inspiring work environment. Amenities include a brand new on-site fitness center and a rooftop patio offering panoramic downtown views. Multiple fiber providers ensure high-speed connectivity. The building's convenient location is within minutes of the TRAX light rail station and close to the Salt Palace Convention Center, City Creek Center, hotels, restaurants, and the Delta Center Arena. The property sits on a 0.17-acre lot and is zoned D-1. The asking price is $7,200,000, representing a price per square foot of $134.24. The current market lease rate is $22.75 per square foot full-service ($15.00 NNN equivalent). This exceptional property presents a unique investment opportunity in the heart of a thriving downtown area. Its rich history, combined with modern amenities and a prime location, makes it an ideal investment for discerning buyers.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1910
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 51,975 SF
    Lot 0.17 ac (7,405 SF)
    Zoning code D-1
    APN 16-06-153-006
    UPID US86-0517168
    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
    • MGA Crisis Intervention Medical Clinic
    • Choice Medical Healthcare Medical Supply Store
    • Vibe Broadway Business Service Center Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.05M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.23M
    Blend (final) Blend
    $1.64M
    Owner & transaction history
    Top Drawer Holdings LLC · 1 yrs held
    Top Drawer Holdings LLC
    since 2025
    7 recorded transactions
    2025
    2025
    2025
    2015
    2006
    2000
    1969
    Zoning & alternative use
    D-1 · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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