Office Building with I-15
For Sale
$12,000,000
5296 S Commerce Dr, Murray, UT 84107
60,723 SF office building with immediate occupancy available.
Property Size60,723 SF
Lot Size1.97 Acres
Price / SF$197.62
Days on Market207
Property Features for 5296 S Commerce Dr
General Information
Standard status
Active
Size
60,723 SF
Lot size
1.97 Acres
Building Details
Year Built
1985
Listing Agency:
Colliers International LLC (Wasatch)
Listed By:
Derek Sawaya · License #8082653-SA00
(801) 889-6213
Source:
Chancehammock
Added: Mar 27
Changed: Oct 4
Last Checked: Oct 7 at 4:54PM
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 Colliers International LLC (Wasatch)
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Investment Insights
Based on property information with market context.
This 60,723 square foot office building offers 15,098 square feet of space available for immediate occupancy, including 8,141 square feet of contiguous space. The property is situated on a 1.97-acre lot and includes 75 surface parking stalls and 50 covered parking spaces. The building features crown building and monument signage with visibility on I-15, providing direct access to the 5300 South on/off ramp.
Key Highlights
- Direct access to 5300 S. on/off ramp
- Crown building and monument signage with visibility on I‑15
- 15,098 SF available for immediate occupancy**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$880,423
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,608,460
$17.6M
Cap Rate 7%
$12,577,471
$12.6M
Cap Rate 9%
$9,782,478
$9.8M
Market Conditions
NOI Build-Up for 60,723 SF
Gross rent
$1.30M $21.48/SF
− Vacancy
−$130.4K −$2.15/SF
EGI
$1.17M $19.33/SF
− OpEx
−$293.5K −$4.83/SF
NOI
$880.4K $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%
$17,608,460
Cap Rate 7%
$12,577,471
Cap Rate 9%
$9,782,478
Alternative Uses
Best Use
Office B
$12.58M
$11.01M – $14.67M
NOI $880,423 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$808.55M
$707.48M – $943.31M
NOI $56,598,438 @ 7.0% cap · market cap 471.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,799
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - 60,723 SF office building with immediate occupancy available.
Where is this office building located?
The property is located at 5296 S Commerce Dr Murray, UT.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: Direct access to 5300 S. on/off ramp; Crown building and monument signage with visibility on I‑15; 15,098 SF available for immediate occupancy**
