215 Admiral Byrd RdSalt Lake City, UT 84116

Property Details for 215 Admiral Byrd Rd

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

5.56 AC

Property size (Sq ft)

73,578 SF

Zone code

M-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

07-36-303-030

APU

736303030

Description

This exceptional Class B office building, situated in Salt Lake County, offers a unique opportunity for businesses seeking high-quality executive office space. Built in 2000, the two-story StoneWater Park building boasts a total of 73,578 square feet, currently divided into two suites. A single, contiguous space of 33,989 square feet is immediately available for lease, representing a significant portion of the building's total area. The property features convenient access to Interstate 80, providing seamless connectivity throughout the region. Tenants will benefit from an on-site fitness facility, promoting employee well-being and convenience. Ample parking is ensured with a generous parking ratio of 6 spaces per 1,000 square feet. The building's prime location offers proximity to Salt Lake International Airport and a variety of amenities, enhancing the overall appeal and accessibility for employees and clients alike. The minimum divisible space is also 33,989 square feet, making this a highly desirable option for businesses requiring substantial office space in a well-maintained and conveniently located building. This presents a rare opportunity to secure a significant footprint in a desirable Salt Lake County location.

• CAP approach

  CAP return

  Valuation

  6%

  $24,102,212

  6.5%

  $22,248,196

  7%

  $20,659,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,849,096

  Geo Method

  $22,849,096

• Alternative Use

  Use

  Valuation

  Residential

  $22,248,196

  Hospitality

  $20,379,228

  Educational

  $16,955,278

  Medical

  $17,538,396

  Retail

  $26,374,878

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7729

Longitude

-112.023

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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