Industrial Building with Secured
4700 S Riverside Dr S, Murray, UT 84123
For Sale
$8,300,000
A fenced outdoor storage area complements the industrial building, with occupancy continuing through the end of 2026.
Property Size30,259 SF
Lot Size3.91 Acres
Price / SF$274.30
Days on Market74
Property Features for 4700 S Riverside Dr S
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Fenced Yard
Outdoor Storage
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Storage
Warehouse
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Legend Commercial, LLC
(801) 930-6750
Listed By:
Skyler Peterson · License UT #6991009
(801) 656-7354
Source:
Etzelonline
Added: Aug 29
Changed: Nov 7
Last Checked: Nov 9 at 2:43PM
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 Legend Commercial, 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.
This industrial property in Murray includes a 30,259-square-foot building on 3.907 acres. A secured, fenced yard spans 2.80 acres, providing outdoor storage area alongside the building. The structure dates to 1974.
The property is located near I-15 and I-215, with access to the greater Salt Lake industrial corridor. The existing tenant is expected to depart in January 2027, while occupancy and income continue through year-end 2026.
The property is located near I-15 and I-215, with access to the greater Salt Lake industrial corridor. The existing tenant is expected to depart in January 2027, while occupancy and income continue through year-end 2026.
Key Highlights
- 30,259 SF industrial building on 3.907 acres
- 2.80‑acre secured, fenced yard
- Existing tenant expected to depart in January 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,768
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,995,360
$5.0M
Cap Rate 7%
$3,568,114
$3.6M
Cap Rate 9%
$2,775,200
$2.8M
Market Conditions
NOI Build-Up for 30,259 SF
Gross rent
$301.4K $9.96/SF
− Vacancy
−$7.5K −$0.25/SF
EGI
$293.8K $9.71/SF
− OpEx
−$44.1K −$1.46/SF
NOI
$249.8K $8.25/SF
Area
Salt Lake County, UT
Vacancy
2.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,995,360
Cap Rate 7%
$3,568,114
Cap Rate 9%
$2,775,200
Alternative Uses
Best Use
Warehouse
$3.57M
$3.12M – $4.16M
NOI $249,768 @ 7.0% cap · market cap 3.01%
Second Best
Industrial
$2.84M
$2.48M – $3.31M
NOI $198,519 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$8.15M
$7.13M – $9.51M
NOI $570,655 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 84123, UT
39,489
Population
14,716
Households
2.7
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
8.3 sq mi
ZIP Area
4,758
Density / Sq Mi
$80,079
Median Household Income
$42,195
Median Earnings
$1,416
Median Rent
$436,600
Median Home Value
Market
Properties on Market for Industrial properties in Salt Lake County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - A fenced outdoor storage area complements the industrial building, with occupancy continuing through the end of 2026.
Where is this industrial property located?
The property is located at 4700 S Riverside Dr S Murray, UT.
What is the asking price?
The asking price for this property is $8,300,000.
What are key features of this property?
This property features: 30,259 SF industrial building on 3.907 acres; 2.80‑acre secured, fenced yard; Existing tenant expected to depart in January 2027
