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1315 W 500 N 2,214 SF Retail Building Salt Lake City, UT 84116 $1,700,000 ($767.84/SF) 10.60% Cap Rate



Executive Summary
Excellent opportunity to acquire a cash-flowing commercial property with an established operating business. This location is part of a four-property laundromat portfolio in Salt Lake County offered at $6,175,000. Investors may purchase individual locations or inquire about the full portfolio. Each laundromat in the portfolio has been recently renovated and equipped with modern, high-efficiency machines featuring integrated management software that allows owners to monitor performance, usage, and operations remotely from a smartphone or computer with an internet connection. All locations are positioned in high-traffic neighborhoods across Salt Lake County, providing strong customer access and consistent demand for self-service laundry. This specific listing is located in the Rose Park area of Salt Lake City, serving a dense residential population with steady laundry demand. Portfolio structure: • Four total laundromat locations • Two owner-occupied properties included in the sale • Two leased locations with long term lease terms and extension Additional portfolio listings: • MLS 5312835 • MLS 2137580 • MLS 5314876 • MLS 5316827 This opportunity may appeal to investors seeking stable cash flow, entrepreneurs entering the laundromat industry, or experienced operators looking to expand an existing portfolio.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,214 SF
Building Class
C
Year Built
1950
Price
$1,700,000
Price Per SF
$767.84
Cap Rate
10.60%
NOI
$180,223
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CN
Parking
6 Spaces (2.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 08-35-151-008-0000 | Improvements Assessment | $638,300 (2025) |
| Land Assessment | $106,900 (2025) | Total Assessment | $745,200 (2025) |
Property Taxes
Parcel Number
08-35-151-008-0000
Land Assessment
$106,900 (2025)
Improvements Assessment
$638,300 (2025)
Total Assessment
$745,200 (2025)
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1315 W 500 N
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