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Property summary
This exceptional investment opportunity presents a 7,128 square foot executive office building located at 623 Fort Union Blvd, Midvale, UT 84047. The property boasts a strong net operating income (NOI) of $107,632.80, translating to a desirable 5.03% capitalization rate. Priced at $2,138,400, this translates to $300 per square foot. The building consists of multiple units, specifically six units with APNs: 22-30-232-024-0000, 22-30-232-025-0000, 22-30-232-026-0000, 22-30-232-027-0000, 22-30-232-019-0000, and 22-30-232-020-0000. Situated in the vibrant and rapidly growing community of Midvale, within Salt Lake County, this property offers a compelling investment prospect in a thriving business climate. The strong tenant in place contributes to the property's consistent income stream and makes it an attractive addition to any commercial real estate portfolio. This prime Midvale location ensures easy access and high visibility, making it an ideal investment for discerning buyers seeking a stable and profitable asset.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
MU parking Corner 2 FY 25' 10' for corner lots 35' w/ 50' SF (Ord. 2024-11 § 1 (Att. A); Ord. 11-20-2001 § 2) 17-7-7.5 Architectural standards. Search Within This This section is included in your selections. All new deve…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Midvale market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
MU · Midvale, UTMU parking Corner 2 FY 25' 10' for corner lots 35' w/ 50' SF (Ord. 2024-11 § 1 (Att. A); Ord. 11-20-2001 § 2) 17-7-7.5 Architectural standards. Search Within This This section is included in your selections. All new deve…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
MU parking Corner 2 FY 25' 10' for corner lots 35' w/ 50' SF (Ord. 2024-11 § 1 (Att. A); Ord. 11-20-2001 § 2) 17-7-7.5 Architectural standards. Search Within This This section is included in your selections. All new deve…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU in Midvale, UT.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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