Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Space Near Airport Title is generated by Realmo AI

    255 River Bend Way, North Salt Lake, UT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for lease near SLC International Airport.

    Type:OFFICE
    Property size:
    7,466 SF
    Lot size:
    1.00 Acres
    Added:
    Nov 27, 2025
    Days on Market:
    177
    Last Refresh:
    Apr 5 at 8:57 pm

    Property Features for 255 River Bend Way

    General Information

    Standard status
    Active
    Size
    7,466 SF
    Lot size
    1.00 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 255 River Bend Way Contact us

    We can help!

    Listing Contact
    Brandon Fugal
    Brandon Fugal

    Listing agent Brandon Fugal License #5477023-SA00

    Listing office Colliers | Salt Lake City Millrock

    Listing date Nov 27, 2025

    Source Moodyscre

    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 Colliers | Salt Lake City Millrock

    HighLights

    • Easy access via I‑215 Redwood Road exit
    • Located within 10 minutes of SLC International Airport
    • 5,970 USF | 7,466 RSF available in Suite 220
    • 15 reserved stalls with access to covered parking
    • Lease Rate: $18.00 NNN per sq. ft. annually
    • Multiple fiber providers

    Overview

    Suite 220 offers 7,466 rentable square feet (5,970 usable square feet) of office space. The lease rate is $18.00 per square foot annually, with CAM charges of $0.51 per square foot annually. The suite includes 15 reserved parking stalls with access to covered parking. The property benefits from multiple fiber providers. It is located within 10 minutes of the SLC International Airport and provides easy access via the I-215 Redwood Road exit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rumor Advertising Advertising Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    North Salt Lake
    County
    Davis
    State
    Utah
    Longitude
    -111.944
    Latitude
    40.8364

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      UT, North Salt Lake - N 500

      1010 500, North Salt Lake, UT 84054
      View Details
    • $8 SF/Yr
      34,119 SF

      Retail Space in Orchard Plaza

      Retail units with storage in high-visibility North Salt Lake location.
      76 South Orchard Dr., North Salt Lake, UT 84054
      View Details
    • Contact for pricing
      1,446 SF

      North Salt Lake Retail Space

      1446 SF commercial space available for rent.
      120 N Redwood Rd, North Salt Lake, UT 84054
      View Details
    • $16 SF/Yr
      2,059 SF

      Modern Office Space Available

      Office space for lease with modern finishes near airport.
      261 River Bend Way, North Salt Lake, UT
      View Details
    • Contact for pricing
      2,700 SF

      North Salt Lake Flex Space

      2,700 SF flex space with office and warehouse.
      870 Robinson Dr, North Salt Lake, UT
      View Details
    • Contact for pricing
      10,000 SF

      North Salt Lake Industrial Building

      10,000 SF industrial building in North Salt Lake, Utah.
      580 North 700 West, North Salt Lake, UT 84054
      View Details
    • $1.25 SF/Yr
      3,500 SF

      North Salt Lake Warehouse Space

      3,500 SF warehouse with office space for lease.
      71 N Cutler Dr, North Salt Lake, UT
      View Details
    • Contact for pricing
      6,780 SF

      North Salt Lake Warehouse Space

      Warehouse space with access to I-15 and I-215.
      360 North 700 West, North Salt Lake, UT, 84054
      View Details
    • Contact for pricing

      Retail Space with Existing Mats

      Retail space suitable for yoga, dance, children’s tumbling, meditation.
      420 N Redwood Rd, North Salt Lake, UT 84054
      View Details
    • Contact for pricing
      13,968 SF

      Retail and Flex Space Available

      Retail and flex spaces available for lease.
      395 N Redwood Rd, North Salt Lake, UT 84054
      View Details
    • Contact for pricing
      4,540 SF

      Retail Space with Drive-Thru Potential

      Retail property available for ground lease or build-to-suit.
      895 W Ctr St, North Salt Lake, UT
      View Details
    • Contact for pricing
      4,425 SF

      Retail Space with Drive-Thru Available

      Retail property available for ground lease or build-to-suit.
      170 S Redwood Rd, North Salt Lake, UT
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease near SLC International Airport.
    Where is this office units located?
    The property is located at 255 River Bend Way North Salt Lake, UT.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Easy access via I‑215 Redwood Road exit; Located within 10 minutes of SLC International Airport; 5,970 USF | 7,466 RSF available in Suite 220
    (801) 947-8300 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brandon Fugal
    Brandon Fugal
    Real Estate License ID: 5477023-SA00
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    255 River Bend Way, North Salt Lake, UT
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!