For Sale
Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This district is established to provide a zone to be used near City transportation corridors that allows a mix of specific land uses that are typically found separately in mutually exclusive zoning districts. Mixed use r…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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 Sandy 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 2023Property description
Physical attributes from public recordsZoning & alternative use
MU · Sandy, UTThis district is established to provide a zone to be used near City transportation corridors that allows a mix of specific land uses that are typically found separately in mutually exclusive zoning districts. Mixed use r…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This district is established to provide a zone to be used near City transportation corridors that allows a mix of specific land uses that are typically found separately in mutually exclusive zoning districts. Mixed use r…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MU in Sandy, UT.
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