184 E 5910 S 3,264 SF Office Building Salt Lake City, UT 84107 $725,000 ($222.12/SF)

Well-located 2,972 SF commercial building with an additional ±600 SF unfinished basement, providing valuable storage or ancillary use rarely found in comparable assets. The property is currently leased month-to-month at $3,000/month NNN, offering immediate flexibility for an owner-user or a clear value-add opportunity through lease-up at market rates.
Comparable properties in the area are achieving $4,000–$5,000/month, positioning this asset for meaningful income growth upon renewal or repositioning. Putting this at a proforma cap rate of 6.9%. Located just south of Fashion Place Mall, the property benefits from a highly desirable central Salt Lake location with excellent access to I-215 and efficient connectivity throughout the Salt Lake Valley.
The surrounding area features strong demographics, established retail and service uses, convenient ingress/egress, and proximity to major transportation and transit corridors. This offering is well suited for investors seeking stable in-place income with upside, or owner-users looking for a strategically located building with future income potential.
Highlights
2,972 SF commercial building
±600 SF unfinished basement (storage / ancillary use)
Month-to-month NNN lease at $3,000/month
Below-market rents with upside at renewal
Market rents: $4,000–$5,000/month
Value-add opportunity with stable in-place income
Highly desirable location near Fashion Place Mall
Excellent access to I-215 and Salt Lake Valley
Strong neighborhood demographics
Ideal for investor or owner-user