Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    655 E 400 S Salt Lake City, UT 84102

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    655 E 400 S Salt Lake City, UT 84102

    View on Map
    • Community centers
    • 29,688 SF
    • 3.48 lot acres
    For Lease
    $1,735,000
    View Listing →
    Retail Space For Rent For Lease
    $1,735,000

    Retail Space For Rent

    Retail space available for lease in Salt Lake City.

    655 E 400 S, Salt Lake City, UT 84102
    View Listing
    Property ID
    US86-0323212
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,735,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • US Marine Corps Officer Selection Team / Military Recruiting Office
    • Massage Envy / Alternative Medicine Practice / Spa & Massage Center
    • Bekka Carlson - State Farm Insurance Agent / Insurance Agency

    Property Details for 655 E 400 S

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.48 lot acres
    Property size
    29,688 SF
    Zone code
    TSA-UN
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    16-05-301-025
    APU
    1605301025

    Description

    This exceptional retail opportunity is located at 655 E 400 S, Salt Lake City, UT 84102, at the Northwest corner of 400 South and 700 East. The property, known as 4th South Marketplace, offers a total of 70,130 square feet of commercial retail space within a single building. Currently, there are multiple suites available, ranging in size from 1,500 square feet to the total vacant space of 10,196 square feet. This presents a unique chance for businesses seeking flexible space options in a high-traffic area. The property is zoned TSA-UN-C within Salt Lake County. The address is easily accessible and benefits from excellent visibility due to its prominent corner location. This makes it an ideal location for a variety of retail businesses seeking high foot traffic and exposure. The building's substantial size and the availability of multiple suites allow for diverse tenant configurations, catering to both large and small businesses. Interested parties should inquire for lease rates and further details. This is a rare opportunity to secure prime retail space in a thriving Salt Lake City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,920,000
      Market price range: $1.14M - $1.92M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,425,000
      Current use
      COMMERCIAL (GENERAL)
      $2,500,000
      Change: +75% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,365,000
      Change: +66% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,660,000
      Change: +17% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.872
    Latitude
    40.7614
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $209,167
    $6,101,500
    $15,056,400
    $21,157,900
    -
    $6,101,500
    $15,056,400
    $21,157,900

    Comparable in this City

    • Value Estimation
      $8,670,000
      262,376 SF

      600 700th E

      MINI-MALL • 262,376 SF
      600 700th E, Salt Lake City, UT 84102-3442
      View Details
    • Value Estimation
      $995,000
      15,185 SF

      613 400th S

      MINI-MALL • 15,185 SF
      613 400th S, Salt Lake City, UT 84102-2865
      View Details
    • Value Estimation by Request
      320,000 SF

      602 700

      Lifestyle centers • 320,000 SF
      602 700, Salt Lake City, UT 84102
      View Details
    • Value Estimation
      $2,330,000
      52,953 SF

      624 400th S

      SHOPPING CENTER, STRIP CENTER • 52,953 SF
      624 400th S, Salt Lake City, UT 84102-2804
      View Details
    • Value Estimation
      $6,925,000
      174,825 SF

      455 500th E

      WHOLESALE OUTLET, DISCOUNT STORE • 174,825 SF
      455 500th E, Salt Lake City, UT 84102-2753
      View Details
    • Value Estimation by Request
      5,605 SF

      464 600th E

      SHOPPING CENTER, STRIP CENTER • 5,605 SF
      464 600th E, Salt Lake City, UT 84102-2758
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,710 SF

      Fully Leased Retail Building

      Retail building with a 10-year lease in place.
      779 E 300 S, Salt Lake City, UT 84102
      View Details
    • $1,600,000
      3,472 SF

      Downtown Service Garage and Land

      Service garage and development land near downtown and Granary district.
      662 S 200 W, Salt Lake City, UT 84102
      View Details
    • Contact for pricing
      15,916 SF

      Salt Lake City Multifamily Investment

      Multifamily asset near the University of Utah.
      1155 E 200 S, Salt Lake City, UT 84102
      View Details
    • Contact for pricing
      12,955 SF

      Central Salt Lake City Office

      Three-story office building in central Salt Lake City location.
      510 S 600 E, Salt Lake City, UT 84102
      View Details
    • New
      $975,000
      5,989 SF

      Multi-Unit Property in Salt Lake

      Multi-unit property suitable for various development opportunities.
      157 S 800 E, Salt Lake City, UT 84102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,665 SF

      Urban Development Retail & Restaurant

      Newest urban development with retail and restaurant spaces.
      326 W 600 S, Salt Lake City, UT 84102
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease in Salt Lake City.
      655 E 400 S, Salt Lake City, UT 84102
      View Details
    • Contact for pricing
      7,421 SF

      Retail Space Available For Lease

      7,421 square feet of retail space for lease.
      602 S 600 E, Salt Lake City, UT 84102
      View Details
    • Contact for pricing
      2,712 SF

      Prime Retail Space Near University

      Retail space near downtown, University of Utah, and hospitals.
      655-665 E 400 S, Salt Lake City, UT 84102
      View Details
    • Contact for pricing
      4,834 SF

      Urban Development Retail Opportunity

      New mixed-use development with retail and live-work spaces.
      360 W 600 S, Salt Lake City, UT 84102
      View Details
    • Contact for pricing
      2,087 SF

      Retail Space Available For Lease

      Retail property with 2087 square feet available for lease.
      544-640 S 700 E, Salt Lake City, UT 84102
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    655 E 400 S
    Salt Lake City, UT 84102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    655 E 400 S, Salt Lake City, UT, 84102

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!