Office

Triumph Center 4

2801 n thanksgiving way lehi, ut, 84043, lehi, UT 84043

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Low Confidence

Low

$29.95/SF

Mid

$31.00/SF

High

$325.00/SF

Tier Used

direct_comps

Based on 4 comparable office sale listings in the area.

Tier Resolution Trace

Tier 1success4 compsselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$31.00/SF	—	direct_comps
Utilities	—	4.6¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1485/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
OpenSearch Listings	comparable_listings	4	—	real-time	—

Data sources used

listings

Description

Now Available for Lease, Class A Office, Triumph Center 4 located at 2801 N Thanksgiving Way.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

2801 n thanksgiving way lehi, ut, 84043, lehi, UT 84043

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Salt Lake City office market showed a 0.7% vacancy rate, and rents up 1.7% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$26.82/SF/yr

Estimated sale value

$186–$242/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q3 2025 Newmark data (cap rate 6.6%, asking rent held flat).

View the full Salt Lake City Office market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other office listings for sale in Lehi, UT to benchmark pricing and space — view the full market.

Office market FAQ

Is the Salt Lake City office market tightening or softening?: Vacancy is around 0.7%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$29.95/SF-$35.65/SF

Mid: $31.00/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

Market report quarterly trend fallbackFIPS 49049

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.