Built-Out Medical Office
For Sale
$1,300,000
10654 S River Heights Drive Unit 130, South Jordan, UT 84095
Turnkey medical office with existing improvements, ready for immediate occupancy near medical and dental neighbors.
Property Size3,555 SF
Days on Market138
Property Features for 10654 S River Heights Drive Unit 130
General Information
Standard status
Active
Size
3,555 SF
Class
B
Property subtype
Office - Medical Office
Building Details
Building Size
3,555 SF
Listing Agency:
Spark Realty
Listed By:
Matt Hartman · License #12233620-SA00
Source:
Commercialcafe
Added: Jun 4
Changed: Oct 15
Last Checked: Oct 16 at 6:02AM
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 Spark Realty
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Investment Insights
Based on property information with market context.
This fully built-out medical office suite is offered for sale or lease and is described as being in great condition and ready for immediate occupancy. The unit is smartly designed to support medical use, with the interior improvements already in place, reducing the need for initial buildout for qualified users.
Located in South Jordan, the suite benefits from being within a building that includes medical and dental neighbors. That tenant mix can be especially relevant for practices looking to operate in a medical-oriented environment.
For buyers or operators, the primary advantage here is operational readiness. With a completed medical office layout and an emphasis on immediate occupancy, the space is well suited for medical and dental practices seeking a turnkey environment rather than starting from raw space. The listing may be a strong fit for groups evaluating either an owner-occupant scenario or an operating lease arrangement in a purpose-built medical setting.
Located in South Jordan, the suite benefits from being within a building that includes medical and dental neighbors. That tenant mix can be especially relevant for practices looking to operate in a medical-oriented environment.
For buyers or operators, the primary advantage here is operational readiness. With a completed medical office layout and an emphasis on immediate occupancy, the space is well suited for medical and dental practices seeking a turnkey environment rather than starting from raw space. The listing may be a strong fit for groups evaluating either an owner-occupant scenario or an operating lease arrangement in a purpose-built medical setting.
Key Highlights
- Medical office unit built in 2020
- Fully built out with existing improvements for a medical office
- Ready for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,544
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,880
$1.0M
Cap Rate 7%
$736,343
$736.3K
Cap Rate 9%
$572,711
$572.7K
Market Conditions
NOI Build-Up for 3,555 SF
Gross rent
$76.4K $21.48/SF
− Vacancy
−$7.6K −$2.15/SF
EGI
$68.7K $19.33/SF
− OpEx
−$17.2K −$4.83/SF
NOI
$51.5K $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%
$1,030,880
Cap Rate 7%
$736,343
Cap Rate 9%
$572,711
Alternative Uses
Best Use
Office B
$736.3K
$644.3K – $859.1K
NOI $51,544 @ 7.0% cap · market cap 3.96%
Second Best
Healthcare Medical
$607.7K
$531.8K – $709.0K
NOI $42,541 @ 7.0% cap · market cap 3.27%
Theoretical Best
Multifamily LT 5
$47.34M
$41.42M – $55.23M
NOI $3,313,529 @ 7.0% cap · market cap 254.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- American Global Vet Clinic — 10266 Eden Crest Rd, South Jordan, UT 84095
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical office with existing improvements, ready for immediate occupancy near medical and dental neighbors.
Where is this medical office space located?
The property is located at 10654 S River Heights Drive Unit 130 South Jordan, UT.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Medical office unit built in 2020; Fully built out with existing improvements for a medical office; Ready for immediate occupancy
