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    Upgraded Office Building Near I-15 Title is generated by Realmo AI

    10542 S Jordan Gateway, South Jordan, UT 84095

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    Renovated office building near I-15 and FrontRunner station.

    Type:Office
    Property size:
    48,914 SF
    Price / SF:
    $240/SF
    Added:
    Mar 18, 2026
    Days on Market:
    112
    Last Refresh:
    Jun 28 at 11:33 am

    Property Features for 10542 S Jordan Gateway

    General Information

    Standard status
    Active
    Size
    48,914 SF
    Property subtype
    Office

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    Brandon Fugal
    Brandon Fugal

    Listing office Colliers - Salt Lake City, Utah

    Listing date Mar 18, 2026

    Source Crexi

    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 Colliers - Salt Lake City, Utah

    HighLights

    • Dramatically upgraded office building (major renovation completed in 2024).
    • Located off I‑15 with immediate access to 10600 S exit.
    • Three‑minute walk to FrontRunner (Mass Transit High Speed Commuter Rail).
    • Priced dramatically below replacement cost.
    • Two brand new modern suites completed on a speculative basis.
    • Suitable for owner‑user or strategic investor.

    Overview

    The property is a renovated office building located off I-15 in South Jordan, Utah. Originally constructed in 2000, it underwent a major renovation completed in 2024. The three-story, steel-framed building has a total of 48,914 square feet. It is strategically located just off the 10600 S exit off Interstate 15 and is within a three-minute walk to FrontRunner (Mass Transit High-Speed Commuter Rail). The remodel included a full update to the common area and building exterior. The landlord recently completed two new modern suites on a speculative basis to most effectively position to two vacancies, which could be occupied by an owner-user. The building currently has a diverse tenant roster, with staggered lease terms. The building is an attractive option for an owner-user or a strategic investor seeking long-term upside with Utah’s economy.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $1.05M $21.48
    − Vacancy −$105.1k −$2.15
    EGI $945.6k $19.33
    − OpEx −$236.4k −$4.83
    NOI $709.2k $14.50
    48,914 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $10.13M
    $8.87M – $11.82M (±1% cap)
    NOI $709,204 @ 7.0% cap · market cap 6.04%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $651.31M
    $569.89M – $759.86M (±1% cap)
    NOI $45,591,555 @ 7.0% cap · market cap 388.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Garden Center Grocery & Convenience Store Food Market Daycare Center Restaurant Storage Facility Veterinary Clinic Travel Agency Restaurant Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Jordan
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9033037
    Latitude
    40.5596121

    FAQs

    What type of property is this?
    Office building - Renovated office building near I-15 and FrontRunner station.
    Where is this office building located?
    The property is located at 10542 S Jordan Gateway South Jordan, UT.
    What is the asking price?
    The asking price for this property is $11,739,360.
    What are key features of this property?
    This property features: Dramatically upgraded office building (major renovation completed in 2024).; Located off I‑15 with immediate access to 10600 S exit.; Three‑minute walk to FrontRunner (Mass Transit High Speed Commuter Rail).
    (801) 947-8300 Call to check price and availability
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