Two-Story Office Building with
4252 S 700 E Murray, UT 84107
For Sale
$3,500,000
Two-story office building with long-term lease and future development potential.
Property Size10,282 SF
Lot Size0.58 Acres
Price / SF$340.40
Days on Market469
Property Features for 4252 S 700 E
General Information
- Standard status
- Active
- Size
- 10,282 SF
- Lot size
- 0.58 Acres
Listing Agency:
Investment Realty Advisors LLC
(801) 971-2542
Listed By:
Joseph Mills
(801) 971-2542
Source:
Exprealty
Added: Apr 15, 2025
Changed: Jul 6
Last Checked: Jul 26 at 9:08PM
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 Investment Realty Advisors LLC
Investment Insights
Based on property information with market context.
This two-story, 10,282 square foot office building is designed to support a productive and professional workplace. It features a combination of private offices, open work areas, and essential amenities, catering to diverse business needs. The building includes a spacious and welcoming open reception area, three well-appointed board rooms, 25 private offices, a comfortable break room, and open bull pen areas with cubicles. Ample natural light fills the building, creating a bright and inviting work environment. The property is partially furnished, allowing for immediate occupancy with minimal setup, and is well-maintained, ensuring a professional appearance and smooth operation. Ample parking is available for employees and visitors. The property is situated on a 0.58-acre lot with future development potential after the long-term lease expires. There is a cross-access easement over the church-owned lot to the west for additional parking, as well as overflow parking for the church on the subject property on Sundays. The offering includes a 10-year lease with 2.5% annual escalations in place with a well-known law firm, along with the future opportunity for the church to free up the parking overlay, unlocking a higher and better future use.
Key Highlights
- Long‑term single tenant lease (123 months) with a well‑known law firm in place, providing stable income.
- Attractive CAP Rate of 5.29%, escalating to 6.6%.
- Annual base rent increases of 2.5%, ensuring growing returns.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.9k | $21.48 |
| − Vacancy | −$22.1k | −$2.15 |
| EGI | $198.8k | $19.33 |
| − OpEx | −$49.7k | −$4.83 |
| NOI | $149.1k | $14.50 |
10,282 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.13M
$1.86M – $2.48M
NOI $149,079 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$136.91M
$119.80M – $159.73M
NOI $9,583,603 @ 7.0% cap · market cap 273.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office building - Two-story office building with long-term lease and future development potential.
Where is this office building located?
The property is located at 4252 S 700 E Murray, UT.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Long‑term single tenant lease (123 months) with a well‑known law firm in place, providing stable income.; Attractive CAP Rate of 5.29%, escalating to 6.6%.; Annual base rent increases of 2.5%, ensuring growing returns.
