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Graystone Plaza 1174 E Graystone Way 19,099 SF 93% Leased Office Building Salt Lake City, UT 84106 $3,500,000 ($183.26/SF) 6.13% Cap Rate

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Executive Summary

Graystone Professional Plaza is a professional office building located in the heart of Sugar House, just off I-80 and 1300 East, offering excellent accessibility in a highly desirable submarket. The property totals approximately 19,099 square feet and is comprised of 33 office suites leased to a mix of professional, medical, and service-oriented tenants on a full-service basis. The building maintained approximately 90% average occupancy in 2025 and is offered at a 5.6% in-place cap rate, with upside potential supporting a projected pro forma cap rate of 6.2%. Zoned RMF-35, the property presents an attractive opportunity for investors or owner-users seeking stable income in a premier location. Measurements are given as a courtesy only. Buyer advised to obtain independent measurement. Owner/Agent.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
19,099 SF
Building Class
C
Year Built/Renovated
1962/2018
Price
$3,500,000
Price Per SF
$183.26
Cap Rate
6.13%
NOI
$214,410
Percent Leased
93%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,550 SF
Building FAR
0.40
Lot Size
1.10 AC
Zoning
RMF-30
Parking
44 Spaces (2.3 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Security System
  • Skylights
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Campbell, Clark, Best
  • -
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Donna Hanson & Lisza Fabert
  • Professional, Scientific, and Technical Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Campbell, Clark, Best - - $9.99 Lorem Ipsum Jan 0000
Donna Hanson & Lisza Fabert Professional, Scientific, and Technical Services - $9.99 Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 19
  • 180 SF
  • Office
  • -
  • Now

This personal office space offers its own entrance off the main hallway, providing both convenience and privacy. Ideal as a single office, this unit provides a professional yet intimate setting. Tenants also enjoy access to shared amenities, including a conference room, break area, and common bathrooms.

  • 1st Fl-Ste 1E
  • 120-250 SF
  • Office
  • -
  • Now

Unit 1E is a single 120 SF unit located in a shared office space equaling 250 SF usable SF. This unit features a lovely furnished waiting room. Quiet Office with no windows, well suited for medical, therapy, and professional office Unit 1E is the nearest unit to the entryway and directory of the building and is amongst the easiest to find. Centrally located in Sugar House. • Square Feet: 120 • Total Rent Charges: $395.00/Month • Rooms: 2 (Private office & Shared Waiting room) • Floor: 1st • Wi-fi: Not Included in Price • Deposit: $415.00 - Depending on application strength • Available For Occupancy NOW

Space Size Space Use Condition Available
1st Fl-Ste 19 180 SF Office - Now
1st Fl-Ste 1E 120-250 SF Office - Now

1st Fl-Ste 19

Size
180 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 1E

Size
120-250 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 19

Size 180 SF
Space Use Office
Condition -
Available Now

This personal office space offers its own entrance off the main hallway, providing both convenience and privacy. Ideal as a single office, this unit provides a professional yet intimate setting. Tenants also enjoy access to shared amenities, including a conference room, break area, and common bathrooms.

1st Fl-Ste 1E

Size 120-250 SF
Space Use Office
Condition -
Available Now

Unit 1E is a single 120 SF unit located in a shared office space equaling 250 SF usable SF. This unit features a lovely furnished waiting room. Quiet Office with no windows, well suited for medical, therapy, and professional office Unit 1E is the nearest unit to the entryway and directory of the building and is amongst the easiest to find. Centrally located in Sugar House. • Square Feet: 120 • Total Rent Charges: $395.00/Month • Rooms: 2 (Private office & Shared Waiting room) • Floor: 1st • Wi-fi: Not Included in Price • Deposit: $415.00 - Depending on application strength • Available For Occupancy NOW

Property Taxes

Property Taxes

Parcel Number
16-29-238-005-0000
Land Assessment
$957,300
Improvements Assessment
$3,208,800
Total Assessment
$4,166,100
  • Listing ID: 39421615

  • Date on Market: 2/12/2026

  • Last Updated:

  • Address: 1174 E Graystone Way, Salt Lake City, UT 84106

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