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$3,500,000
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Property 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.
Full Property Details
Full Property Details for 1174 E Graystone Way
General
- Price: $3,500,000
- Taxes: $20,420
- Status: Active
- Type: Office
- Source: WFR
- MLS ID: 2136948
- Updated: 2/12/2026
- Added to Site: 66 day(s) ago
Interior
- Interior Features: Alarm: Security, Basement, Refrigerator, Restroom: Public
- Flooring: Carpet, Hardwood, Tile
Location
- Area: Salt Lake City; So. Salt Lake
- County: Salt Lake
- Subdivision: PARK
- Cross Streets: 2760
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Structural Information
- Roof: Asphalt
- Windows: Blinds
- Current Bldg. Use: Office
- Year Built: 1962
- Property Condition: Blt./Standing
Lot Features
- Lot Size (Acres): 0.23
- Lot Size (Sq. Ft.): 10,018.8
- Lot Size: .23
- Zoning: RMF-30
Financial Considerations
- Tax Amount: $20,420
- Terms: Cash, Conventional, Exchange, SBA
Disclosures and Reports
- Property ID: 16-29-238-004
Listed by Investment Realty Advisors LLC
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Schools
Schools serving 1174 E Graystone Way
School District:Salt Lake City School District
| Name | Grades | Distance |
|---|---|---|
Nibley Park School 2785 South 800 East, Salt Lake City, UT 84106 | PK-8 | 0.5 mi |
Innovations K-8 1700 South State Street, Salt Lake City, UT 84115 | K-8 | 2.3 mi |
Highland High School 2166 South 1700 East, Salt Lake City, UT 84106 | 9-12 | 1.1 mi |
Innovations High School 1700 South State Street, Salt Lake City, UT 84115 | 9-12 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1174 E Graystone Way
Date
Details
Price
Change
Source
2/12/2026
Listed
$3,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1174 E Graystone Way
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$2,100
5%
2022
100%
$2,000
—
2020
100%
$2,000
—
2019
—
$2,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1174 E Graystone Way
1174 E Graystone Way, Salt Lake City, UT 84106 (MLS# 2136948) is a Office property. 1174 E Graystone Way is currently listed for $3,500,000 and was received on February 12, 2026. Want to learn more about 1174 E Graystone Way? Do you have questions about finding other Office real estate for sale in People's Freeway? You can browse all People's Freeway real estate or contact a Coldwell Banker agent to request more information.

