9272 700Sandy, UT 84070

Property Details for 9272 700

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.03 AC

Property size (Sq ft)

54,128 SF

Zone code

CC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

28-06-479-031

APU

2806479031

Description

This Class A, two-story office building in Sandy, Utah, offers 51,724 square feet of space on a 3.03-acre lot. Built in 2000, the property features abundant on-site parking and is currently 63% occupied by the owner. Zoned CC, it presents a unique owner-user or sale/leaseback investment opportunity. The asking price is $8,900,000, translating to $185 per square foot. The land value alone is $71.78 per square foot. The building's flexible occupancy options allow for a variety of uses, from full owner-occupancy to partial leasing, or even complete vacancy upon sale. This presents a significant value-add opportunity for potential buyers. The property's prime location in Sandy, Utah, within Salt Lake County, offers excellent visibility and accessibility. The address is 9272 S 700 E, Sandy, UT 84070. This is a multi-tenant building with a strong potential for increased occupancy and revenue generation. The building's modern design and ample parking make it an attractive option for a wide range of businesses. Consider this exceptional opportunity to acquire a high-quality commercial property in a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $17,731,520

  6.5%

  $16,367,558

  7%

  $15,198,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,809,044

  Geo Method

  $16,809,044

• Alternative Use

  Use

  Valuation

  Residential

  $16,367,558

  Hospitality

  $14,992,595

  Educational

  $12,473,663

  Medical

  $12,902,651

  Retail

  $19,403,476

Location Insight

City

Sandy

County

Salt Lake

State

Utah

Latitude

40.5833

Longitude

-111.873

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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