Add Listing
    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

    9785 Monroe St Sandy, UT 84070

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $21 SF/Yr ($6,795 /Mo)

    Office space available for lease, 3883 square feet.

    Property size:
    3,883 SF
    Lot size:
    3,883 SF

    Property Features for 9785 Monroe St

    General Information

    Standard status
    Active
    Size
    3,883 SF

    We can help!

    Listing Contact
    Roman S. Bernardo
    Source: Cbre

    Listing Agency: CBRE | Salt Lake City Listing Agent: Roman S. Bernardo

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

    Learn more

    Property Insight Report

    Overview

    Office Space Available For Rent

    This property offers office space available for rent, encompassing a total area of 3883 square feet. It is located on Monroe Street in Sandy, Utah.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ohio Physician Home ... Medical Clinic ReliaQuest IT Consulting Firm Maria Dennis |Citywide ... Loan Service Team RaeJeanne - Citywide ... Loan Service Tennessee Physician Home ... Physician Referral Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8989125
    Latitude
    40.5739535

    Nearby Similar for Lease

    • $250,000
      436 SF

      Sandy Office Condo For Rent

      Second floor office condo with new carpet and paint.
      9672 S 700 E, Sandy, UT 84070
      View Details
    • Sponsored
      Contact for pricing

      Sandy Center

      Workspaces, services and support to help you work better in Miami Airport
      9980 300, Sandy, UT 84070
      View Details
    • $1.35 SF/Yr
      23,255 SF

      Sandy Industrial Property For Rent

      Well-located Sandy property with I-15 access, high power, and parking.
      649 West 9400 South, Sandy, UT 84070
      View Details
    • $700 /Mo

      Prime Retail/Warehouse Space on 700

      Versatile retail/warehouse space with excellent visibility and convenient access.
      8734 South East, Sandy, UT 84070
      View Details
    • $20 SF/Yr
      25,000 SF

      Sandy Office Space Available

      50000 sqft office space for rent in Sandy.
      9490 South 300 West, Sandy, UT 84070
      View Details
    • $26 SF/Yr

      Retail & Warehouse Space Available

      Versatile retail and warehouse space in a prime location.
      10763 S State St, Sandy, UT 84070
      View Details
    • $22 SF/Yr
      7,708 SF

      Retail Space Available For Lease

      Retail space available for lease, totaling 7,708 square feet.
      2039 East South, Sandy, UT 84093
      View Details
    • $31 SF/Yr
      30,131 SF

      Office Space Available For Rent

      Office space available for lease in Sandy, Utah.
      111 Sego Lily Dr, Sandy, UT 84070
      View Details
    • Contact for pricing
      2,432 SF

      Retail and Office Space Available

      Retail, office, and pad sites for lease in Sandy, UT.
      9192 Village Shop Dr, Sandy, UT 84090
      View Details
    • $14 SF/Yr
      550 SF

      Retail/Warehouse Space For Rent

      Retail and warehouse space with excellent visibility and onsite parking.
      8720 S 700 E, Sandy, UT 84070
      View Details
    • Contact for pricing
      158 SF

      Executive Offices For Rent

      Executive offices available with shared amenities and ample parking.
      11075 S State St, Sandy, UT 84070
      View Details
    • Contact for pricing
      1,502 SF

      Retail Space Near I-15

      Retail space with high traffic and immediate I-15 access.
      694 9000 S, Sandy, UT 84070
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available for lease, 3883 square feet.
    Where is this office units located?
    The property is located at 9785 Monroe St Sandy, UT.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - 3883 square feet of office space available for lease.
    (801) 869-8000
    Request Owner's contact information
    9785 Monroe St Sandy, UT 84070
    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.
    9785 Monroe St
    Sandy, UT 84070
    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
    9785 Monroe St Sandy, UT 84070
    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
    Roman S. Bernardo
    (801) 869-8000 (801) 930-6118
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!