Two-Building Office
10421 S JORDAN, South Jordan, UT 84095
For Sale
$14,500,000
A six-story glass tower and a one-story annex sit beside a FrontRunner commuter-rail station.
Property Size71,616 SF
Lot Size2.62 Acres
Price / SF$202.47
Days on Market10
Property Features for 10421 S JORDAN
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Tenant in Place
Property Use
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
EXP Realty, LLC (Park City)
(801) 528-6076
Listed By:
Adam C Griffee · License UT 5505741-AB00
Source:
Liftrealty
Added: Nov 1
Changed: Nov 8
Last Checked: Nov 8 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC (Park City)
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Investment Insights
Based on property information with market context.
This South Jordan office campus comprises two buildings totaling 71,616 SF on 2.62 acres. The main building is a six-story glass tower, accompanied by a one-story annex. Built in 1998, the property has 275 parking stalls and is essentially fully leased to 18 healthcare, financial, and professional tenants.
The site is on I-15, with the FrontRunner commuter-rail station bordering the property. The freeway location is exposed to about 200,000 vehicles per day. South Towne, Daybreak, and Silicon Slopes are a few minutes away; downtown Salt Lake City is about 20 minutes away, and the airport is about 25 minutes away.
The site is on I-15, with the FrontRunner commuter-rail station bordering the property. The freeway location is exposed to about 200,000 vehicles per day. South Towne, Daybreak, and Silicon Slopes are a few minutes away; downtown Salt Lake City is about 20 minutes away, and the airport is about 25 minutes away.
Key Highlights
- 71,616 SF across two office buildings on 2.62 acres
- 18 healthcare, financial, and professional tenants; essentially fully leased
- Six‑story glass tower and one‑story annex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,038,360
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,767,200
$20.8M
Cap Rate 7%
$14,833,714
$14.8M
Cap Rate 9%
$11,537,333
$11.5M
Market Conditions
NOI Build-Up for 71,616 SF
Gross rent
$1.54M $21.48/SF
− Vacancy
−$153.8K −$2.15/SF
EGI
$1.38M $19.33/SF
− OpEx
−$346.1K −$4.83/SF
NOI
$1.04M $14.50/SF
Area
Salt Lake County, UT
Vacancy
10.00%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,767,200
Cap Rate 7%
$14,833,714
Cap Rate 9%
$11,537,333
Alternative Uses
Best Use
Office B
$14.83M
$12.98M – $17.31M
NOI $1,038,360 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.29M
$16.88M – $22.51M
NOI $1,350,607 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
Explore this area
Business Placement
Demographics for 84095, UT
39,278
Population
13,518
Households
2.9
Avg Household Size
35
Median Age
46%
College-Educated
97%
High-School Grad
11.5 sq mi
ZIP Area
3,415
Density / Sq Mi
$123,082
Median Household Income
$57,833
Median Earnings
$1,794
Median Rent
$669,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Salt Lake County, UT
Properties on Market for Office buildings in Salt Lake County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A six-story glass tower and a one-story annex sit beside a FrontRunner commuter-rail station.
Where is this office building located?
The property is located at 10421 S JORDAN South Jordan, UT.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: 71,616 SF across two office buildings on 2.62 acres; 18 healthcare, financial, and professional tenants; essentially fully leased; Six‑story glass tower and one‑story annex
