Listed by Investment Realty Advisors
$3,500,000
1174 Graystone Way
Details
Property Type Office
Sub Type Executive Office
Square Footage 19,099
Cap Rate 6.13%
NOI $214,410
Year Built 1962
Stories 2
Acreage 0.230
Zoning Multi-Family; Commercial
Parking Spaces 36 spaces
Parking Per SqFt 1.88
Office | 6.13% CAP | 19,099 SqFt
Marketing description
Graystone Professional Plaza is a professional office building located in the heart of Sugar House, just off I-80 and 1300 East, offering excellent accessibility in a highly desirable submarket. The property totals approximately 19,099 square feet and is comprised of 33 office suites leased to a mix of professional, medical, and service-oriented tenants on a full-service basis. The building maintained approximately 90% average occupancy in 2025 and is offered at a 5.6% in-place cap rate, with upside potential supporting a projected pro forma cap rate of 6.2%. Zoned RMF-35, the property presents an attractive opportunity for investors or owner-users seeking stable income in a premier location. Measurements are given as a courtesy only. Buyer advised to obtain independent measurement. Owner/Agent.
Investment highlights
- Air Conditioning: Central Air; Electric
- Floors: Carpet; Hardwood; Tile; Vinyl (LVP)Heating: Forced Air
- Interior: Alarm: Security; Basement; Refrigerator; Restroom: Public
- Sewer: Connected Land Condition: Landscaping: Full; Sprinkler: Auto-Full; View: Mountain
- Roof: Asphalt Shingles
- Site: Owner Occupied; Tenant Occupied
- Zoning: Multi-Family; Commercial
- Terms: Cash; Conventional; Exchange; SBA
- Windows: Blinds
Listing Contacts
Listed by Investment Realty Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$214,410.00
$17,867.50/mo
Valuation Metrics
0
DSCR
6.13%
Cap Rate
6.13%
ROI
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Tax History
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