261 2100South Salt Lake, UT 84115

  • Retail properties
  • 0.10 AC
For Lease
$20/SF/YR View listing

Property Details for 261 2100

Lot size
0.10 AC
Zone code
LIND
Property type
Retail properties
Property subtype
Retail space
APN
15-24-203-014
APU
1524203014

Description

This exceptional retail opportunity presents 50,811 square feet of prime commercial space within the Interpointe Shopping Center, located in South Salt Lake, Utah (84115), at 261 W 2100 S Expy. The center boasts a strong tenant mix, anchored by Best Buy, Office Depot, and Carl's Jr., and is surrounded by high-performing retailers including Home Depot, Lowe's, RC Willey, Costco, Sam's Club, PetSmart, Bassett, McDonald's, IHOP, and Chevron—all ranking among Utah's top sales performers. The property sits on 3.12 acres of land and offers ample parking with a ratio of 1.64 spaces per 1,000 square feet. Spaces range from 1,500 to 5,062 square feet, with immediate availability for some units. The center enjoys unparalleled accessibility, situated immediately adjacent to the I-15, I-80, and SR-201 freeways, and features the Central Pointe Light Rail "TRAX" station on-site, providing convenient access to the new Sugar House and West Valley lines. Triple Net (NNN) lease rates are $30 per square foot, with a base rent of $3.95 per square foot. Specific lease terms and availability for Mattress Dealz (available now), OneMain Financial (available December 2024), and Office Depot (available March 2025) are available upon request. This is a rare chance to secure a prominent retail presence in one of Utah's most dynamic commercial areas.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,691,595
    6.5%
    $1,561,472
    7%
    $1,449,938
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,199,266
    Geo Method
    $2,199,266
  • Alternative Use

    Use
    Valuation
    Residential
    $1,317,160
    Hospitality
    $1,206,512
    Educational
    $1,003,804
    Medical
    $1,038,326
    Retail
    $1,561,472
261 2100, South Salt Lake, Utah

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.7248
Longitude
-111.898
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
$1,096
$98,000
-
$98,000
-
$98,000
-
$98,000

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