Upgraded Office Building with
For Sale
Contact for pricing
308 E 4500 S, Murray, UT 84107
Multi-tenant office building offering upgraded common area finishes and an on-site elevator.
Property Size27,482 SF
Price / SF$176.30
Days on Market200
Property Features for 308 E 4500 S
General Information
Standard status
Active
Size
27,482 SF
Property subtype
OFFICE
Site & Location
Neighborhood
South Cottonwood Heights
Highway Access
Yes
Amenities
upgraded common area finishes
elevator
Listing Agency:
JLL | Salt Lake City
(801) 456-9510
Listed By:
Jami Marsh · License #5488712-PB00
(801) 456-9514
Source:
Moodyscre
Added: Apr 16
Changed: Oct 25
Last Checked: Oct 30 at 4:38PM
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
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.
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
Estimated NOI and Cap Rate
NOI / Yr
$398,462
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,969,240
$8.0M
Cap Rate 7%
$5,692,314
$5.7M
Cap Rate 9%
$4,427,356
$4.4M
Market Conditions
NOI Build-Up for 27,482 SF
Gross rent
$590.3K $21.48/SF
− Vacancy
−$59.0K −$2.15/SF
EGI
$531.3K $19.33/SF
− OpEx
−$132.8K −$4.83/SF
NOI
$398.5K $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%
$7,969,240
Cap Rate 7%
$5,692,314
Cap Rate 9%
$4,427,356
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
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
Vacancy Rate% for Office in West region
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
