1174 E GRAYSTONE WAY, Salt Lake City, UT 84106
PARK · Salt Lake County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Office
Year Built
1962
Lot Size
0.23 acres
Lot Dimensions
0.0x0.0x0.0
Zoning
Multi-Family, Commercial
MLS® Listing#
2136948
Property Features
Appliances
Cooling
Heating
Flooring
Roof
Windows
Security
Financial Details
HOA
None
Annual Taxes
$20,420
Parcel Number
16-29-238-004
Affordability Calculator
$700,000
Estimated monthly payment
$18,628/mo
Principal $2,800,000 · Est. interest $3,906,249 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salt Lake City, UT
- $643,816
- Median Listing Price
- 66
- Median Days on Market
- 2,028
- Median Sq Ft
- $322
- Median Price / Sq Ft
- 3,139
- Active Listings
- This home’s price is 444% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salt Lake City, UT.
Location
Points of Interest in Salt Lake City, UT
Showing the Salt Lake City area map.
Nearby Schools
Carden Memorial School
Secondary · 0.5 mi away
Nibley Park School
Elementary · 0.5 mi away
Gateway Academy
School · 0.8 mi away
Highland Park Elementary School
Elementary · 0.9 mi away
Roosevelt School
School · 0.9 mi away
The Sammy Center
School · 0.9 mi away
Jean Massieu School for the Deaf
School · 1.0 mi away
Highland High School
Secondary · 1.1 mi away
Seminary - the Church of Jesus Christ of Latter-Day Saints
School · 1.2 mi away
Childrens Corner
School · 1.2 mi away
Granite High School
Secondary · 1.3 mi away
Elizabeth Academy Secondary School
Secondary · 1.4 mi away
Elizabeth Academy
School · 1.4 mi away
Salt Lake School for the Performing Arts
Secondary · 1.4 mi away
Rosslyn Heights Elementary School
Elementary · 1.4 mi away
Kearns-Saint Ann Catholic School
Elementary · 1.5 mi away
Schools
School · 1.5 mi away
Granite Park Junior High
Secondary · 1.5 mi away
William Penn Elementary School
Elementary · 1.5 mi away
Evergreen Junior High School
Secondary · 1.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 4134 COOPER LN 21, Park City, UT | $2,450,000 | 3 | 4 | 1,693 |
| 3732 E HUNTLEY WAY, Heber City, UT | $2,470,000 | 4 | 5 | 3,495 |
| 1011 E MILL RD, Heber City, UT | $2,470,000 | 4 | 6 | 5,595 |
| 3295 E LINDSAY SPRING CIR, Heber City, UT | $2,472,000 | 6 | 5 | 5,357 |
| 3268 E LINDSAY SPRING CIR, Heber City, UT | $2,480,000 | 5 | 7 | 6,011 |
| 3253 BIG SPRUCE WAY, Park City, UT | $2,490,000 | 5 | 5 | 4,854 |
Moving Cost Estimate
EXIT Agents in Salt Lake City
Listing Courtesy: Investment Realty Advisors LLC - 435-485-7070
Last Updated: 2026-02-12