Property profile

8370 3500th S Magna, UT 84044

OFF-MARKET
Medical Office Space
Property ID
US86-0251054
3,272 SF 0.53 ac lot Built 1969
Entity Owned 29-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,272-square-foot dental office building situated on a 0.53-acre lot in Magna, Utah. Currently operating as a dental practice with a long-term tenant in place, this property offers a stable stream of rental income. The asking price is $850,000, representing a significant price reduction from the original listing. The building's versatile layout makes it suitable for a variety of medical or healthcare uses, providing future flexibility for the owner. Its prime location in Magna ensures easy accessibility for patients and staff, catering to the needs of a growing community. The property's strong potential for long-term appreciation, combined with the existing rental income, makes this an attractive investment in a robust market. The building's size and location make it an ideal asset for investors seeking a stable, high-yield property with significant upside potential. This is a rare opportunity to acquire a well-established, income-producing property in a desirable location. The property's current configuration and location offer a compelling investment proposition for those seeking a strong return on investment in the healthcare sector. Serious inquiries are encouraged.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,272 SF
Lot 0.53 ac (23,087 SF)
Zoning code C2
APN 14-29-453-011
UPID US86-0251054

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8370 3500th S Magna, UT 84044-1870
Magna metro Census 113904 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 1997
1 recorded transaction
1997
Price N/A

Zoning & alternative use

C2 · Magna, UT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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