Upgraded Office Building with
308 E 4500 S Murray, UT 84107
For Sale
Contact for pricing
Multi-tenant office building offering upgraded common area finishes and an on-site elevator.
Property Size27,482 SF
Price / SF$176.30
Days on Market105
Property Features for 308 E 4500 S
General Information
Standard status
Active
Size
27,482 SF
Property subtype
OFFICE
Listing Agency:
JLL | Salt Lake City
(801) 456-9514
Listed By:
Amanda Lawson · License #6827459-SA00
(385) 419-3191
Source:
Moodyscre
Added: Apr 16
Changed: Jul 27
Last Checked: Jul 28 at 3:21PM
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 JLL | Salt Lake City
Investment Insights
Based on property information with market context.
This 27,482 SF office building features upgraded common area finishes and an elevator, with parking provided at a 4 spaces per 1,000 SF ratio. The property is described as a value-add opportunity due to below-market rents currently in place for existing tenants.
Located in a convenient center-of-the-valley area, the building offers immediate access to I-15 and strong commuter connectivity. The remarks also note close proximity to retail and services.
The building’s size supports a multi-tenant office configuration, with parking and building amenities designed to serve occupants and visitors.
Located in a convenient center-of-the-valley area, the building offers immediate access to I-15 and strong commuter connectivity. The remarks also note close proximity to retail and services.
The building’s size supports a multi-tenant office configuration, with parking and building amenities designed to serve occupants and visitors.
Key Highlights
- 27,482 SF multi‑tenant office building
- On‑site elevator
- Upgraded common area finishes
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 | $590.3k | $21.48 |
| − Vacancy | −$59.0k | −$2.15 |
| EGI | $531.3k | $19.33 |
| − OpEx | −$132.8k | −$4.83 |
| NOI | $398.5k | $14.50 |
27,482 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.69M
$4.98M – $6.64M
NOI $398,462 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$365.93M
$320.19M – $426.92M
NOI $25,615,307 @ 7.0% cap · market cap 528.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office building offering upgraded common area finishes and an on-site elevator.
Where is this office building located?
The property is located at 308 E 4500 S Murray, UT.
What is the asking price?
The asking price for this property is $4,845,000.
What are key features of this property?
This property features: 27,482 SF multi‑tenant office building; On‑site elevator; Upgraded common area finishes
