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    10653 S River Front Pkwy South Jordan, UT

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    For Lease
    Contact for pricing

    Well-designed office suite with amenities and convenient access.

    Property size:
    30,655 SF
    Lot size:
    5.99 Acres

    Property Features for 10653 S River Front Pkwy

    General Information

    Size
    30,655 SF
    Lot size
    5.99 Acres

    We can help!

    Listing Contact
    Brandon Fugal
    Brandon Fugal
    Source: Moodyscre

    Listing Agency: Colliers | Salt Lake City Millrock Listing Agent: Brandon Fugal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Spacious Office Suite with Amenities

    Suite 150 offers a spacious and well-designed layout, featuring 12 offices, a conference room, and workstation space. The building and business park provide various amenities, including a tenant fitness center, with hotels and restaurants within walking distance. RiverPark One is easily accessible from I-15 and is located across the highway from shops and amenities at The Shops at South Town. The property size is 5649 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -111.93167
    Latitude
    40.52054

    Nearby Similar for Lease

    • Contact for pricing

      South Jordan Executive Suites Available

      Executive suites for rent in South Jordan commercial district.
      1218 South Jordan Pkwy, South Jordan, UT 84095
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      Spacious Office Suite For Rent

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      10619 South Jordan Gtwy, South Jordan, UT 84095
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    • $24 SF/Yr
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      High-Tech Office Space Available

      Modern office space with fitness center and tenant lounge.
      10813 S River Front Pkwy, South Jordan, UT
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      Office Space Near I-15

      Office space with elevator access, parking, and convenient location.
      912 W Baxter Dr, South Jordan, UT 84095
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    • $16 SF/Yr
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      Redwood Road Office Space

      Office space near Merrit Medical Headquarters with excellent visibility.
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    • $28 SF/Yr
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      South Jordan Office Space Available

      6,610 SF office space for lease in South Jordan.
      680 West Shields Ln, South Jordan, UT 84095
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    • $26 SF/Yr
      14,720 SF

      High-Tech Office Space Available

      Plug and play office space with freeway and transit access.
      10355 South Jordan Gtwy, South Jordan, UT 84095
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    • Contact for pricing
      23,974 SF

      South Jordan Warehouse Space Available

      Warehouse space available in South Jordan, Utah.
      10294 South Prosperity Rd, South Jordan, UT 84009
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    • Contact for pricing
      23,590 SF

      South Jordan Flex/Industrial Space

      Flex/industrial space with convenient access to Mountain View Corridor.
      5533 West Hammerfest Dr, South Jordan, UT 84009
      View Details
    • $28 SF/Yr
      3,280 SF

      Class A Office Space Available

      Premier office space in master-planned campus with extensive amenities.
      10741 S River Front Pkwy, South Jordan, UT
      View Details
    • Contact for pricing
      13,399 SF

      South Jordan Office Space Available

      Office space for rent with convenient I-15 access.
      10808 S River Front Pkwy, South Jordan, UT
      View Details

    FAQs

    What type of property is this?
    Office units - Well-designed office suite with amenities and convenient access.
    Where is this office units located?
    The property is located at 10653 S River Front Pkwy South Jordan, UT.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: - Spacious layout featuring 12 offices, a conference room, and workstation space.; - Convenient access to I-15.; - Walking distance to hotels and restaurants.
    (801) 947-8300 Call to check price and availability
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10653 S River Front Pkwy South Jordan, UT
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brandon Fugal
    Brandon Fugal
    Real Estate License ID: 5477023-SA00
    (801) 947-8300 (801) 947-8328
    Learn more
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