About 1174 E Graystone Way
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.
Features of 1174 E Graystone Way
| MLS® # | 2136948 |
|---|---|
| Price | $3,500,000 |
| Acres | 0.23 |
| Year Built | 1962 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 1174 E Graystone Way |
|---|---|
| Area | Salt Lake City; So. Salt Lake |
| Subdivision | PARK |
| City | Salt Lake City |
| County | Salt Lake |
| State | UT |
| Zip Code | 84106 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Interior | Carpet, Hardwood, Tile |
|---|---|
| Interior Features | Alarm: Security, Basement, Refrigerator, Restroom: Public |
| Heating | Forced Air |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Windows | Blinds |
|---|---|
| Roof | Asphalt |
Additional Information
| Date Listed | February 12th, 2026 |
|---|---|
| Days on Market | 618 |
| Zoning | Multi-Family, Commercial |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Cory Waddoups |
|---|---|
| Office | Investment Realty Advisors LLC |
| Contact Info | 435-485-7070 |