411 7200Midvale, UT 84047

Property Details for 411 7200

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.63 AC

Property size (Sq ft)

19,552 SF

Zone code

C3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

21-25-176-004

APU

2125176004

Description

This exceptional Midvale, Utah office building, located at 411 W 7200 S, offers a prime location just off the 7200 South exit, boasting excellent visibility. The property, built in 1979 and extensively renovated in 2023, comprises a single three-story building totaling 19,500 square feet, situated on a 0.63-acre lot. Currently, there is one available suite measuring 322 square feet, perfect for executive professionals or small businesses. The building is classified as Class B and features nine total suites, with a minimum divisible space of 322 square feet and a maximum contiguous space of 322 square feet. Amenities include ample parking with 45 spaces and a single elevator for convenient access to all three floors. The property's versatile design caters to various office needs, including executive, coworking, medical, and creative office spaces. Its convenient location off I-15 ensures easy access and excellent connectivity. The quiet atmosphere provides a productive work environment. This affordable option presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space in Salt Lake County, Utah, zip code 84047.

• CAP approach

  CAP return

  Valuation

  6%

  $6,404,900

  6.5%

  $5,912,215

  7%

  $5,489,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,071,727

  Geo Method

  $6,071,727

• Alternative Use

  Use

  Valuation

  Residential

  $5,912,215

  Hospitality

  $5,415,557

  Educational

  $4,505,680

  Medical

  $4,660,637

  Retail

  $7,008,836

Location Insight

City

Midvale

County

Salt Lake

State

Utah

Latitude

40.6202

Longitude

-111.902

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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