Renovated Office Building For
For Sale
Contact for pricing
5121 S Murray Blvd, Salt Lake City, UT
Recently renovated office building with parking and freeway access.
Property Size24,000 SF
Lot Size1.90 Acres
Price / SF$300
Days on Market453
Property Features for 5121 S Murray Blvd
General Information
Standard status
Active
Size
24,000 SF
Lot size
1.90 Acres
Property subtype
OFFICE
Properties For Sale
at 5121 S Murray Blvd Contact us5121 S Murray Blvd AVAILABLE, Now
Floor
1
Size
12,000 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Sublease
No
- Entire building recently renovated
- Covered and fenced in parking
- Dock high door on first floor
- Basement parking/storage area with grade level doors
- Close proximity to transit, shops, restaurants and everyday conveniences
- Immediate freeway access at I-15 & 5300 South
Contact us 5121 S Murray Blvd AVAILABLE, Now
Floor
2
Size
12,000 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Sublease
No
- Entire building recently renovated
- Covered and fenced in parking
- Dock high door on first floor
- Basement parking/storage area with grade level doors
- Close proximity to transit, shops, restaurants and everyday conveniences
- Immediate freeway access at I-15 & 5300 South
Contact us
Listing Agency:
JLL | Salt Lake City
(801) 456-9510
Listed By:
David Nixon · License #8606046-SA00
(801) 456-9518
Source:
Moodyscre
Added: Jul 11, 2025
Changed: Aug 8
Last Checked: Jul 24 at 9:39AM
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 is a recently renovated office building offering 24,000 square feet of space. The property features covered and fenced-in parking. A dock-high door is located on the first floor. The basement includes a parking and storage area with grade-level doors. The building is located in close proximity to transit options, shops, restaurants, and other everyday conveniences. It offers immediate freeway access at I-15 and 5300 South. The property is located at 5121 S Murray Blvd, Salt Lake City, UT.
Key Highlights
- Immediate freeway access at I‑15 & 5300 South
- Entire building recently renovated
- Close proximity to transit, shops, restaurants and everyday conveniences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$347,976
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,959,520
$7.0M
Cap Rate 7%
$4,971,086
$5.0M
Cap Rate 9%
$3,866,400
$3.9M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$515.5K $21.48/SF
− Vacancy
−$51.6K −$2.15/SF
EGI
$464.0K $19.33/SF
− OpEx
−$116.0K −$4.83/SF
NOI
$348.0K $14.50/SF
Area
Salt Lake City, 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%
$6,959,520
Cap Rate 7%
$4,971,086
Cap Rate 9%
$3,866,400
Alternative Uses
Best Use
Office B
$4.97M
$4.35M – $5.80M
NOI $347,976 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.47M
$5.66M – $7.54M
NOI $452,616 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,590
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Salt Lake City, UT
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Frequently Asked Questions
What type of property is this?
Office building - Recently renovated office building with parking and freeway access.
Where is this office building located?
The property is located at 5121 S Murray Blvd Salt Lake City, UT.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Immediate freeway access at I‑15 & 5300 South; Entire building recently renovated; Close proximity to transit, shops, restaurants and everyday conveniences
