8327 State St, Sandy, UT 84070
This exceptional 9,878 square foot, two-story Class B office and retail building, located at 8327 S State St in Sandy, Utah, presents a unique investment or owner-user opportunity. Built in 2022, the property is currently a shell space, offering significant flexibility for customization. The building is divisible into eight separate suites, with the first floor comprising 4,918 square feet (divisible from 977 to 4,918 SF) and the second floor offering 4,960 square feet (divisible from 930 to 4,960 SF). The property sits on a 0.57-acre lot and includes 64 parking spaces. Zoned MU, it allows for a variety of uses, including executive office, pharmacy/drug store, and restaurant. The asking price is $2,900,000 ($293/SF), representing a compelling value in this prime Sandy location. A lease option is available at $25.00/SF/YR NNN (~$7.00/SF). The property's shell condition allows for complete tenant build-out, maximizing return on investment. The potential for condominium conversion adds further value. The building enjoys high visibility in a new mixed-use development area, ensuring strong tenant appeal. The adjacent parking lot is also potentially available for purchase, expanding parking capacity. This property offers a rare combination of size, flexibility, and location, making it an ideal investment for both owner-users and investors seeking a high-return opportunity. The occupancy date is March 1, 2024. The fee simple absolute ownership provides complete control and long-term value.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MU · Sandy, UTSandy. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.