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Medical Office Building Near Interstate-15

5444 S Green St Murray, UT

5444 S Green St, Murray, UT, 00000
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Strategically located medical office building with high visibility and strong tenants.

Property Size25,852 SF
Lot Size2.00 Acres
Price / SF$263.04
AddedSep 2, 2025
Days on Market318
Last RefreshJul 15 at 8:15 pm

Property Features for 5444 S Green St

General Information

Standard status
Active
Size
25,852 SF
Lot size
2.00 Acres
Property subtype
OFFICE

Listing office Colliers | Salt Lake City Millrock

Listing date Sep 2, 2025

Source Moodyscre

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 | Salt Lake City Millrock


Investment Insights

Based on property information with market context.

This property is strategically located just off Interstate-15, benefiting from high visibility with 196,000 vehicles passing by daily. The LED signage is visible from the Interstate. It is less than 5 minutes from the Intermountain Medical Center, a 100-acre Level I trauma center with over 500 beds, serving as a referral hub for six states and over 75 regional healthcare institutions. The property includes Suite A, occupied by a long-established medical family practice tenant with 60% of lease payments prepaid under a standard market-length lease, synergistic with other tenants. Suite B is occupied by a well-established national organization providing intensive ABA therapy, specializing in early intervention for children. Suite C is occupied by a long-term tenant, a national credit, absolute net leased ambulatory surgical center with Medicare Deemed Status Accreditation. The property was renovated in 2015, 2018, 2021, 2023, 2024, and 2025. The property size is 25852 square feet.

Key Highlights

  • High visibility location off Interstate‑15 with 196,000 vehicles passing daily.
  • Proximity to Intermountain Medical Center, a major regional healthcare hub.
  • Suite C: Long‑term tenant, national credit, absolute net leased ambulatory surgical center with Medicare Deemed Status Accreditation.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $555.3k $21.48
− Vacancy −$55.5k −$2.15
EGI $499.8k $19.33
− OpEx −$124.9k −$4.83
NOI $374.8k $14.50
25,852 SF · lease $21.48/SF/yr · vacancy 10.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$5.35M
$4.69M – $6.25M (±1% cap)
NOI $374,828 @ 7.0% cap · market cap 5.51%
Second Best
Healthcare Medical
$4.42M
$3.87M – $5.16M (±1% cap)
NOI $309,355 @ 7.0% cap · market cap 4.55%
Theoretical Best
Multifamily LT 5
$344.23M
$301.20M – $401.60M (±1% cap)
NOI $24,096,023 @ 7.0% cap · market cap 354.35%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Medical Office Space

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FAQs

What type of property is this?
Medical Office Space - Strategically located medical office building with high visibility and strong tenants.
Where is this medical office space located?
The property is located at 5444 S Green St Murray, UT.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: High visibility location off Interstate‑15 with 196,000 vehicles passing daily.; Proximity to Intermountain Medical Center, a major regional healthcare hub.; Suite C: Long‑term tenant, national credit, absolute net leased ambulatory surgical center with Medicare Deemed Status Accreditation.
Contact an agent
(801) 573-5959 Call to check price and availability
More about this property
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