North Salt Lake, UT
Commercial Real Estate Market Trends & Data

$355 Avg asking sale price
$18 Avg asking lease rate
20,516 SF Avg unit lease size
35,645 SF Avg building size for sale
6.05% Average cap rate

North Salt Lake's Demographic Profile

North Salt Lake has 7,685 households and a median income of $89,635, providing context for rent absorption and tenant demand across retail and multifamily assets. A +6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 23,377
# Households 7,685
Median age 33
Median household income $89,635
Avg household size 3.0
Renter-occupied housing units 2,460
5-year population change +6%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near North Salt Lake, UT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
West Bountiful $221 9,137 SF 6.07%
Bountiful $203 12,673 SF 6.07%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
North Salt Lake $305 52,440 SF 6.55%
Woods Cross $510 62,536 SF 6.55%
South Salt Lake $243 10,481 SF 6.67%
Salt Lake City $264 22,616 SF 6.67%
Nearby Retail Markets Avg Cost/SF Typical Size
South Salt Lake $340 6,444 SF
Salt Lake City $450 7,197 SF
Farmington $663 3,768 SF
West Valley $500 5,888 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
South Salt Lake $354 21,869 SF 6.41%
Salt Lake City $268 46,345 SF 6.41%
West Valley $309 69,507 SF 5.98%
Millcreek $368 24,512 SF 6.41%
Taylorsville $309 69,507 SF 5.98%

Commercial Properties For Sale in North Salt Lake

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

669 W 900 N

North Salt Lake, UT 84054

  • 25,960 SF Flex Building
  • 6.55% Cap Rate
  • $13,000,000
For Sale

445 N 700 W

North Salt Lake, UT 84054

  • 5,304 SF Industrial Building
  • $1,100,000
For Sale

506 N 700 W

North Salt Lake, UT 84054

  • 13,200 SF Industrial Building
  • 5.55% Cap Rate
  • $2,750,000
For Sale

Industrial Land

Salt Lake City, UT 84116

  • 9.64 AC Lot
  • 1 Industrial Lot
  • $6,999,000
For Sale

1385 S 500 W

Bountiful, UT 84010

  • 9,392 SF Retail Building
  • $4,000,000
For Sale

Hwy 89 Land

North Salt Lake, UT 84054

  • 0.46 AC Lot
  • 1 Commercial Lot
  • $495,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether North Salt Lake pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
North Salt Lake $355 35,645 SF
Woods Cross $399 31,432 SF
West Bountiful $221 9,137 SF
Bountiful $275 12,873 SF
Centerville $295 1,782 SF

Regional Demographic Comparison

This comparison places North Salt Lake alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in North Salt Lake or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
North Salt Lake 23,377 7,685 33 $89,635 3 2,460 6%
Woods Cross 11,450 3,532 33 $88,057 3 827 4%
West Bountiful 5,730 1,782 35 $114,521 3 364 4%
Bountiful 44,944 15,165 37 $96,667 3 4,285 4%
Centerville 16,583 5,406 38 $115,697 3 900 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in North Salt Lake, UT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in North Salt Lake

View All Commercial Real Estate For Sale in North Salt Lake
Is North Salt Lake a good market for a first-time commercial real estate investor?

North Salt Lake offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in North Salt Lake?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in North Salt Lake. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in North Salt Lake?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for North Salt Lake. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does North Salt Lake compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to North Salt Lake. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for North Salt Lake acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in North Salt Lake, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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