Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5288 Commerce Dr Murray, UT 84107

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr

    Campus-like office property with updated interiors and convenient amenities.

    Property size:
    109,009 SF
    Lot size:
    109,009 SF

    Property Features for 5288 Commerce Dr

    General Information

    Size
    109,009 SF

    We can help!

    Listing Contact
    Andy Renfro
    Source: Iproperties

    Listing Agent: Andy Renfro

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

    Learn more

    Property Insight Report

    Overview

    Murray Office Space for Lease

    This campus-like property offers flexibility for suites to be combined or divided to suit various business needs. Located in Murray, UT, the property is conveniently located near dining destinations and Fashion Place Mall. Murray Park provides green spaces for outdoor activities. Commuting is facilitated by the proximity to Trax, Front Runner, and bus stops, as well as easy access to I-15 and I-215. The property features Utopia Internet and a parking ratio of 4 per 1,000 square feet. Under new on-site management, the property has updated interiors and exteriors. Tenant improvements are available to customize the space. The property is near Intermountain Medical Center and located in the ideal 5300 South location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Murray
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9006654
    Latitude
    40.6567917

    Nearby Similar for Lease

    • Contact for pricing
      436 SF

      Murray Office Space For Lease

      Central Murray office space near Trax, mall, and highways.
      106 W Winchester St, Murray, UT 84107
      View Details
    • Contact for pricing
      138,521 SF

      Murray Office Space Available

      Main floor office space with ample parking and freeway access.
      392 E Winchester St, Murray, UT 84107
      View Details
    • Contact for pricing
      43,000 SF

      Modern Office Space Available Now

      260,000 SF available with unmatched expansion capability.
      434 W Ascension Way, Murray, UT
      View Details
    • $23 SF/Yr
      80,000 SF

      Prime Office Space Available

      Class A Office Building, 80,000 SF
      4215 Riverboat Rd, Murray, UT 84123
      View Details
    • $27 SF/Yr
      8,000 SF

      Fashion Blvd Executive Office Suite

      8,000 SF Executive Office Space Available
      6045 Fashion Blvd, Murray, UT 84107
      View Details
    • Contact for pricing
      6,976 SF

      Prime Murray Retail Space Available

      6,976 SF Retail Space in Murray, UT
      196 Winchester St, Murray, UT 84107
      View Details
    • $22 SF/Yr
      10,807 SF

      Murray Crossing Retail/Office Space

      Retail, office, or medical space available in Murray, Utah.
      196 W Vine St, Murray, UT 84107
      View Details
    • $29 SF/Yr
      10,000 SF

      Prime Murray Office Space Available

      Modern Office Suites, Excellent Location
      5101 Commerce Dr, Murray, UT 84107
      View Details
    • $25 SF/Yr
      67,319 SF

      Van Winkle Retail Center Spaces

      Prime Murray, UT retail spaces available.
      5580 Van Winkle Expy, Murray, UT 84117
      View Details
    • Contact for pricing
      8,378 SF

      State Street Retail Space Available

      Prime Murray location, 8,378 SF retail space.
      6905 State St, Murray, UT 84107
      View Details
    • Contact for pricing

      Prominent Office Building For Lease

      Strategically located office building with freeway access and mountain views.
      1996 E 6400 S, Murray, UT 84121
      View Details
    • $16 SF/Yr
      61,131 SF

      Aspenwood Park Executive Suites

      Prime Murray office space, flexible lease terms.
      4516 E St, Murray, UT 84107
      View Details

    FAQs

    What type of property is this?
    Office space - Campus-like office property with updated interiors and convenient amenities.
    Where is this office space located?
    The property is located at 5288 Commerce Dr Murray, UT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Convenient Commuting: Walk to Trax, Front Runner, and bus stops, with easy I-15 and I-215 access.; - High Parking Ratio: Enjoy a generous 4/1000 parking ratio.; - Flexible Space: Combine or divide suites to fit your business needs.
    (801) 706-7845
    Request Owner's contact information
    5288 Commerce Dr Murray, UT 84107
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5288 Commerce Dr
    Murray, UT 84107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5288 Commerce Dr Murray, UT 84107
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Andy Renfro
    (801) 706-7845
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.