Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    68 2700th S South Salt Lake, UT 84115-3132
    Back to Search
    Property profile & analytics

    68 2700th S South Salt Lake, UT 84115-3132

    View on Map
    • Investment properties
    • 2,100 SF
    • 0.01 lot acres
    Off-Market
    Last Sale Aug 22, 2024
    Property ID
    US86-1338089
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 68 2700th S

    Year built
    2007
    Construction
    WOOD FRAME
    Lot size
    0.01 lot acres
    Property size
    2,100 SF
    Zone code
    CN
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    16-19-362-004
    APU
    1619362004

    Description

    This exceptional 2,100 square foot office condo in South Salt Lake, Utah, is part of the well-maintained Sunrise Office Condos complex. Located at 68 E 2700 S, 84115, this traditional office space offers excellent visibility from State Street and convenient access to major freeways and public transportation, including the TRAX light rail system. The unit features two stories, providing ample space for various configurations. The layout includes large private offices, open work areas, and dedicated conference rooms, all complemented by private restrooms within the unit. This is a multi-tenant building with a total of 12,600 square feet, with 2,100 square feet currently available. The property boasts free on-site parking, a significant advantage for employees and clients. The Sunrise Office Condos are known for their well-kept condition and offer a professional environment. This is an ideal space for businesses seeking a prominent location with easy access to amenities and transportation. The property is situated in Salt Lake County and benefits from its strategic location within the vibrant South Salt Lake community. This turnkey office space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    South Salt Lake
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.889
    Latitude
    40.7124
    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
    $4,122
    $107,600
    $251,000
    $358,600
    -
    $107,600
    $251,000
    $358,600

    Comparable in this City

    • Value Estimation
      $7,025,000
      65,851 SF

      1385 State St

      STORE/OFFICE (MIXED USE) • 65,851 SF
      1385 State St, Salt Lake City, UT 84115-5582
      View Details
    • Value Estimation
      $805,000
      11,692 SF

      3780 Temple

      STORE/OFFICE (MIXED USE) • 11,692 SF
      3780 Temple, South Salt Lake, UT 84115-4464
      View Details
    • Value Estimation by Request
      768 SF

      46 Angelo Ave

      STORE/OFFICE (MIXED USE) • 768 SF
      46 Angelo Ave, South Salt Lake, UT 84115-3718
      View Details
    • Value Estimation
      $18,105,000
      152,460 SF

      2200 Main St

      STORE/OFFICE (MIXED USE) • 152,460 SF
      2200 Main St, South Salt Lake, UT 84115-2649
      View Details
    • Value Estimation
      $1,385,000
      34,194 SF

      2970 Main St

      STORE/OFFICE (MIXED USE) • 34,194 SF
      2970 Main St, South Salt Lake, UT 84115-3553
      View Details
    • Value Estimation
      $1,275,000
      6,748 SF

      1724 Main St

      STORE/OFFICE (MIXED USE) • 6,748 SF
      1724 Main St, Salt Lake City, UT 84115-1912
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      NNN Automotive Investment Opportunity

      Fully leased automotive property in South Salt Lake City.
      175 W Crystal Ave, South Salt Lake, UT 84115
      View Details
    • $2,745,000
      0.34 Acres

      Salt Lake City Commercial Opportunity

      Two-building commercial property with flex space, office, and retail.
      346 E 3300 S, Salt Lake City, UT 84115
      View Details
    • $100,000
      0.06 Acres

      Commercial Land in South Salt

      Commercial land available in South Salt Lake, Utah.
      18 W 3350 S, South Salt Lake, UT 84115
      View Details
    • $1,400,000
      0.20 Acres

      Industrial Building with Drapery Business

      Industrial building with established drapery business for sale.
      17 W Sunset Ave, South Salt Lake, UT 84115
      View Details
    • Contact for pricing
      3,860 SF

      In-N-Out Burger Investment Opportunity

      New 20-year NNN lease with rent increases and billboard revenue.
      28-50 East South Brg South, Salt Lake City, UT 84115
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development Retail Space

      Retail space available in new mixed-use development.
      1 W Burton Ave, South Salt Lake, UT 84115
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 591 square feet.
      1749 State St, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      6,987 SF

      Renovated Office Space Available

      Recently renovated office space with ample parking and quick I-80 access.
      2511 SW Temple St, South Salt Lake, UT 84115
      View Details
    • $1.00 SF/Yr
      16,466 SF

      South Salt Lake Warehouse Space

      Warehouse space with freeway access, fenced yard, and updated office.
      2530 W Temple St, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      5,062 SF

      Prime Retail Space Available

      Retail space in Utah's leading retail corridor for lease.
      281-291 W 2100 S, Salt Lake City, UT 84115
      View Details
    • Contact for pricing
      1,354 SF

      Main Street Office Space Available

      Office space for rent with Main Street frontage.
      2480 S Main St, Salt Lake City, UT 84115
      View Details
    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.
    68 2700th S
    South Salt Lake, UT 84115-3132
    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
    68 2700th S, South Salt Lake, UT, 84115
    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!