Utah office property owners
What is your Utah office building worth?
Office buildings trade on who's in them, how long they're staying, and how the space works for the next tenant. Here's what buyers look at, and how to get a real number on yours.
Get an opinion of value on my office buildingNo charge for the opinion of value, and no obligation. We're paid only if you later hire us to sell or lease, under a separate written agreement.
What buyers look at
Tenants and lease terms
Who pays rent, for how long, and who covers taxes, insurance and upkeep.
Occupancy
How much is leased today and how long the empty space has been empty.
Parking
Stalls per 1,000 square feet. Too little parking limits who can lease the space.
Condition and updates
Lobby, restrooms, elevators, HVAC and roof. Buyers price in what's coming due.
Floor plans
Open, flexible layouts are easier to re-lease than chopped-up suites.
Owner-user appeal
Smaller buildings often sell to a business that wants to occupy them, not an investor.
Helpful to have ready
- Rent roll and leases
- Two years of operating expenses
- Recent improvements and when they were done
- Floor plans
- Any tenant who has said they plan to leave
Don't have all of it? That's normal. The address is enough to start.
Before any number
Our main experience is industrial, land, office and retail in Salt Lake, Utah, Tooele and Box Elder counties. If your building is another type or somewhere else, we'll tell you up front if it's outside our usual experience and, with your OK, bring in a colleague who knows it, before giving you any opinion.
A broker opinion of value is not an appraisal. If a lender needs an appraisal, you'll need a state-licensed appraiser.
Want a real number on your office building?
Stockton Farnsworth, Associate Broker, licensed in Utah, Team Utah Commercial, brokered by RE/MAX Associates, looks at it personally.
Get an opinion of value on my office building
No charge for the opinion of value, and no obligation. We're paid only if you later hire us to sell or lease, under a separate written agreement.