Retail Space with Existing
For Sale
Contact for pricing
4285 S STATE ST, Murray, UT 84107
Retail property includes an existing building and a sizable parcel along State Street.
Property Size15,902 SF
Lot Size3.75 Acres
Price / SF$251.54
Days on Market188
Property Features for 4285 S STATE ST
General Information
Standard status
Active
Size
15,902 SF
Class
C
Lot size
3.75 Acres
Property subtype
Retail, Mixed Use, Land
Zoning
C-D
Lease Type
NNN
Investment Type
Redevelopment
Additional Details
Road Access
Yes
Building Details
Year Built
1977
Buildings
1
Units
3
Listing Agency:
Newmark Mountain West
Listed By:
Josh Vance, CCIM · License #UT 5498417-SA00
(801) 456-8800
Source:
Crexi
Added: Apr 12
Changed: Oct 2
Last Checked: Oct 14 at 9:39PM
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 Newmark Mountain West
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 retail property includes a 16,288-square-foot building situated on a 3.75-acre parcel along State Street. The combination of an established building and substantial land area provides the defining physical characteristics of the offering.
The property is located at 4285 S State St in Murray, Utah, within the 84107 ZIP code. Its retail classification and State Street address identify the asset for commercial users evaluating a building-and-land configuration.
The property is located at 4285 S State St in Murray, Utah, within the 84107 ZIP code. Its retail classification and State Street address identify the asset for commercial users evaluating a building-and-land configuration.
Key Highlights
- 16,288‑square‑foot retail building
- 3.75‑acre parcel along State Street
- Located at 4285 S State St, Murray, UT 84107
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,163
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,763,260
$4.8M
Cap Rate 7%
$3,402,329
$3.4M
Cap Rate 9%
$2,646,256
$2.6M
Market Conditions
NOI Build-Up for 15,902 SF
Gross rent
$349.2K $21.96/SF
− Vacancy
−$9.0K −$0.56/SF
EGI
$340.2K $21.40/SF
− OpEx
−$102.1K −$6.42/SF
NOI
$238.2K $14.98/SF
Area
Salt Lake County, UT
Vacancy
2.57%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,763,260
Cap Rate 7%
$3,402,329
Cap Rate 9%
$2,646,256
Alternative Uses
Best Use
Retail
$3.40M
$2.98M – $3.97M
NOI $238,163 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$211.74M
$185.27M – $247.03M
NOI $14,821,869 @ 7.0% cap · market cap 370.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Apparel 31%
Dining 15%
Deseret Industries
Apparel
21,749 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,898 visits/mo
0.3 miles
Chevron
Shops & Services
8,560 visits/mo
0.3 miles
Costa Vida
Dining
7,084 visits/mo
0.2 miles
Mister Car Wash
Shops & Services
4,168 visits/mo
0.2 miles
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 Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property includes an existing building and a sizable parcel along State Street.
Where is this retail space located?
The property is located at 4285 S STATE ST Murray, UT.
What is the asking price?
The asking price for this property is $3,999,999.
What are key features of this property?
This property features: 16,288‑square‑foot retail building; 3.75‑acre parcel along State Street; Located at 4285 S State St, Murray, UT 84107
