Multi-Office Office
For Sale
Contact for pricing
10888 S 300 W, South Jordan, UT 84095
Office building with 70+ private offices, 390’ frontage on 300 W, and I-15 pylon signage.
Property Size30,998 SF
Price / SF$253.56
Days on Market141
Property Features for 10888 S 300 W
General Information
Standard status
Active
Size
30,998 SF
Property subtype
OFFICE
Zoning
C-F South Jordan
Site & Location
Traffic Count
203,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
pylon sign
Listing Agency:
Colliers | Salt Lake City Downtown
(801) 441-5937
Listed By:
Chris Terry
(801) 441-1201
Source:
Moodyscre
Added: Apr 20
Changed: Aug 16
Last Checked: Jul 22 at 9:12AM
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 Downtown
Investment Insights
Based on property information with market context.
This multi-office office building totals 30,998 SF and is configured with 70+ private offices. Parking is listed at 4/1,000, and the property is zoned C-F South Jordan.
The building offers 390’ of frontage on 300 W and includes an I-15 pylon sign. I-15 traffic is reported at 203,000 ADT (UDOT 2024), supporting visibility for office users.
The offering is positioned for tenants and buyers seeking an office layout designed around multiple private offices with substantial frontage and interstate signage presence.
The building offers 390’ of frontage on 300 W and includes an I-15 pylon sign. I-15 traffic is reported at 203,000 ADT (UDOT 2024), supporting visibility for office users.
The offering is positioned for tenants and buyers seeking an office layout designed around multiple private offices with substantial frontage and interstate signage presence.
Key Highlights
- 30,998 SF office building with 70+ private offices
- 390’ frontage on 300 W
- I‑15 pylon sign for visibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$449,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,988,800
$9.0M
Cap Rate 7%
$6,420,571
$6.4M
Cap Rate 9%
$4,993,778
$5.0M
Market Conditions
NOI Build-Up for 30,998 SF
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.
Gross rent
$665.8K $21.48/SF
− Vacancy
−$66.6K −$2.15/SF
EGI
$599.3K $19.33/SF
− OpEx
−$149.8K −$4.83/SF
NOI
$449.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,988,800
Cap Rate 7%
$6,420,571
Cap Rate 9%
$4,993,778
Alternative Uses
Best Use
Office B
$6.42M
$5.62M – $7.49M
NOI $449,440 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$412.75M
$361.16M – $481.54M
NOI $28,892,485 @ 7.0% cap · market cap 367.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
203,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,286
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with 70+ private offices, 390’ frontage on 300 W, and I-15 pylon signage.
Where is this office building located?
The property is located at 10888 S 300 W South Jordan, UT.
What is the asking price?
The asking price for this property is $7,860,000.
What are key features of this property?
This property features: 30,998 SF office building with 70+ private offices; 390’ frontage on 300 W; I‑15 pylon sign for visibility
