Office Building with Covered
214 E 4500 S, Murray, UT 84107
For Sale
$860,000
Three offices, an open reception area, two bathrooms, and a basement kitchen support a flexible office layout.
Property Size1,710 SF
Lot Size0.33 Acres
Days on Market103
Property Features for 214 E 4500 S
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Space & Availability
Floor
Furnished
Site & Location
Neighborhood
Amenities
open reception area
full kitchen
Building Details
Building Size
Year Built
Listing Agency:
Mc Dougal & Associates Realtors, LLC
(801) 580-4361
Listed By:
Lori E. McDougal
(801) 556-7088
Source:
Liftrealty
Added: Jul 31
Changed: Nov 8
Last Checked: Nov 8 at 6:30AM
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 Mc Dougal & Associates Realtors, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1926, this office building includes three offices on the main floor, an open reception area, and two bathrooms. The property is designated for general office use and includes a basement with a full kitchen that requires updating for use. Furniture can remain with the property if desired.
The site includes parking and storage areas along with 6 covered stalls. A 1/3 lot provides additional outdoor space for business operations. The property information also identifies possible rezoning to a Commercial CD- zone, subject to applicable approvals.
The site includes parking and storage areas along with 6 covered stalls. A 1/3 lot provides additional outdoor space for business operations. The property information also identifies possible rezoning to a Commercial CD- zone, subject to applicable approvals.
Key Highlights
- 1926 office building with three main‑floor offices and an open reception area
- General office zoning supports the current office configuration
- 6 covered stalls plus additional parking and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,793
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,860
$495.9K
Cap Rate 7%
$354,186
$354.2K
Cap Rate 9%
$275,478
$275.5K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$36.7K $21.48/SF
− Vacancy
−$3.7K −$2.15/SF
EGI
$33.1K $19.33/SF
− OpEx
−$8.3K −$4.83/SF
NOI
$24.8K $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%
$495,860
Cap Rate 7%
$354,186
Cap Rate 9%
$275,478
Alternative Uses
Best Use
Office B
$354.2K
$309.9K – $413.2K
NOI $24,793 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$460.7K
$403.1K – $537.5K
NOI $32,249 @ 7.0% cap · market cap 3.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,228
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
$426,000
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Salt Lake County, UT
Properties on Market for Office buildings in Salt Lake County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Three offices, an open reception area, two bathrooms, and a basement kitchen support a flexible office layout.
Where is this office building located?
The property is located at 214 E 4500 S Murray, UT.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: 1926 office building with three main‑floor offices and an open reception area; General office zoning supports the current office configuration; 6 covered stalls plus additional parking and storage areas
