Two-Story Office Condo For
For Sale
$525,000
684 Vine Street, Murray, UT 84107
3,000 SF office condo in Murray, UT, for sale.
Property Size3,000 SF
Price / SF$175
Days on Market196
Property Features for 684 Vine Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Office
Properties For Sale
at 684 Vine Street
Unit 1
Available
Size
2,487 SF
Type
Office
Listing Agency:
CBRE - Salt Lake City
Listed By:
James Mecham · License #5479783-SA00
(801) 869-8028
Source:
Cbre
Added: Mar 25
Changed: Oct 6
Last Checked: Oct 5 at 4:07PM
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 CBRE - Salt Lake City
Investment Insights
Based on property information with market context.
This is a 3,000 square foot, two-story office condo for sale at $175.00 per square foot. The property is located in Murray, Utah, and offers convenient access to parking. Its central valley location provides easy access to I-15 via 5300 South. As of October 2021, the property is under contract.
Key Highlights
- Convenient Central Valley Location
- Easy access to I‑15 on 5300 South
- Immediate parking access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,497
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,940
$869.9K
Cap Rate 7%
$621,386
$621.4K
Cap Rate 9%
$483,300
$483.3K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$64.4K $21.48/SF
− Vacancy
−$6.4K −$2.15/SF
EGI
$58.0K $19.33/SF
− OpEx
−$14.5K −$4.83/SF
NOI
$43.5K $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%
$869,940
Cap Rate 7%
$621,386
Cap Rate 9%
$483,300
Alternative Uses
Best Use
Office B
$621.4K
$543.7K – $725.0K
NOI $43,497 @ 7.0% cap · market cap 8.29%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$39.95M
$34.95M – $46.60M
NOI $2,796,227 @ 7.0% cap · market cap 532.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Explore this area
Business Placement
Demographics for 84107, UT
37,713
Population
17,287
Households
2.2
Avg Household Size
34
Median Age
38%
College-Educated
93%
High-School Grad
7.5 sq mi
ZIP Area
5,028
Density / Sq Mi
$73,469
Median Household Income
$46,098
Median Earnings
$1,387
Median Rent
$426,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - 3,000 SF office condo in Murray, UT, for sale.
Where is this office units located?
The property is located at 684 Vine Street Murray, UT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Convenient Central Valley Location; Easy access to I‑15 on 5300 South; Immediate parking access
