411 W 7200 S

Highlights

Description

FOR SALE | Office Investment Property
411 W 7200 S | Midvale, UT 84047
Purchase Price: $3,600,000
Net Operating Income (NOI): $194,318
Asset Type: Office
Building Size: 19,500 SF
Year Built: 1979
Building Class: C
Zoning: Office / Professional

Investment Overview
411 W 7200 S is a well-located office investment opportunity positioned just off the 7200 South I-15 exit in Midvale, Utah. The property benefits from excellent freeway visibility, strong access, and consistent demand for affordable professional office space in the central Salt Lake Valley.
The building is comprised of clean, quiet, professional office suites suited for corporate, medical, and service-oriented tenants. The asset has been operated as a full-service office building, offering predictable expenses and stable cash flow.
At the offering price of $3.6M, the property delivers $194,318 in NOI, making it an attractive option for investors seeking steady income with upside through leasing, rent growth, or operational efficiencies.

Location & Market

Midvale sits at the geographic and economic center of the Salt Lake Valley, providing direct access to Salt Lake City, Sandy, Murray, and West Jordan. Office assets in this corridor continue to benefit from strong demand driven by affordability relative to downtown and suburban submarkets.

Financial Summary

• Asking Price: $3,600,000
• NOI: $194,318
• Lease Structure: Primarily Full Service
• Upside: Lease-up, rent increases, expense optimization

Contact for More Information or a Private Tour


Elliot Abel
Associate Broker
435-485-7070
elliot@iraut.com
Listing Brokerage: Investment Realty Advisors
Marketed by Investment Realty Advisors, LLC
Information deemed reliable but not guaranteed.

This is an excellent office building just off the 7200 S Exit with tremendous visibility! Offices are quiet and suited for Executive Professional Office. Located at 411 West and 7200 South Midvale, UT 84047. Clean & Classic Offices with a convenient location off I-15 with good parking and access. Affordable private executive offices.

This is an excellent office building just off the 7200 S Exit with tremendous visibility! Offices are quiet and suited for Professional/Corporate Office. Located at 411 West and 7200 South Midvale, UT 84047. Clean & Classic Offices with a convenient location off I-15 with good parking and access. This is a FULL SERVICE Lease - CAMs and Utilities are included!

Zoning & Development Upside

The property is zoned TOD (Transit Oriented Development) under Midvale City, one of the city’s most flexible and forward-leaning zoning designations. TOD zoning allows for office, retail, mixed-use, and higher-density residential development, providing meaningful long-term optionality beyond the current income stream. On a conceptual basis, the site supports approximately 53 residential units plus a Mixed Use Element, which substantiates the current $3.6 million pricing while leaving upside for a future developer. This redevelopment potential enhances downside protection and positions the asset as both a cash-flowing investment and a strategic land play.

Documents

Units for Lease