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1385 Jefferson St 4,800 SF Flex Building Salt Lake City, UT 84115 $1,060,000 ($220.83/SF) 4.39% Cap Rate
INVESTMENT HIGHLIGHTS
- New Development All Around Ballpark
- Buy and Hold Opportunity
- Adjacent Lot also Available
- Renovated Office
EXECUTIVE SUMMARY
3,200 square foot warehouse with insulated ceiling and 1,600 square foot remodeled office--all heated and cooled with all new lighting; 4 separate office spaces, 2 bathrooms. Open warehouse with 12' ceilings, 10'H x 14'W garage door, 2-phase power, air compressor, and paint room. Vacant adjacent lot also available! Endless opportunities with this location!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$54,000
|
$11.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$54,000
|
$11.25
|
| Taxes |
$5,050
|
$1.05
|
| Operating Expenses |
$2,400
|
$0.50
|
| Total Expenses |
$7,450
|
$1.55
|
| Net Operating Income |
$46,550
|
$9.70
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $11.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $54,000 |
| Annual Per SF | $11.25 |
| Taxes | |
|---|---|
| Annual | $5,050 |
| Annual Per SF | $1.05 |
| Operating Expenses | |
|---|---|
| Annual | $2,400 |
| Annual Per SF | $0.50 |
| Total Expenses | |
|---|---|
| Annual | $7,450 |
| Annual Per SF | $1.55 |
| Net Operating Income | |
|---|---|
| Annual | $46,550 |
| Annual Per SF | $9.70 |
PROPERTY FACTS
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 15-13-227-002-0000 | Total Assessment | $546,500 (2025) |
| Land Assessment | $237,600 (2025) | Annual Taxes | $5,050 ($1.05/SF) |
| Improvements Assessment | $308,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
15-13-227-002-0000
Land Assessment
$237,600 (2025)
Improvements Assessment
$308,900 (2025)
Total Assessment
$546,500 (2025)
Annual Taxes
$5,050 ($1.05/SF)
Tax Year
2024
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1385 Jefferson St
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