2115 Dallin StSalt Lake City, UT 84109

Property Details for 2115 Dallin St

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.27 AC

Property size (Sq ft)

5,840 SF

Zone code

CB

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

16-22-131-002

APU

1622131002

Description

This exceptional two-story, 5,734 square foot office building in Salt Lake City, Utah presents a unique investment or leasing opportunity. Built in 1965 and extensively renovated in 2013 and 2020, the property boasts Class A finishes throughout. The building features a flexible layout suitable for single or multi-tenant occupancy, with a minimum divisible space of 2,867 square feet. The first floor offers four private offices, a large open workspace, two restrooms, and an oversized storage room. The second floor includes five private offices, a conference room, two restrooms, a formal reception area with workstations, a cubicle area, break room/kitchenette, and a copy/work room. Amenities include twelve dedicated parking spaces (2.09 per 1,000 square feet), a backup generator, washer and dryer, private shower, Google Fiber and Comcast internet service, a surveillance system, and a lighted sign. The 0.27-acre lot is zoned CB (Commercial District) and enjoys convenient access to I-80 and I-215, along with numerous nearby amenities and proximity to Sugarhouse Park. The building is constructed of block and offers ample parking. Lease rate is $26.00 NNN. Sale price is available upon request. The APN is 16-22-131-002-0000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,913,047

  6.5%

  $1,765,889

  7%

  $1,639,754

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,813,568

  Geo Method

  $1,813,568

• Alternative Use

  Use

  Valuation

  Residential

  $1,765,889

  Hospitality

  $1,617,545

  Educational

  $1,345,779

  Medical

  $1,392,062

  Retail

  $2,093,433

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.7248

Longitude

-111.825

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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