Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5296 Commerce Dr Murray, UT 84107

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Salt Lake County office space, I-15 access.

    Lot size:
    60,615 SF

    Property Features for 5296 Commerce Dr

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,615 SF
    Class
    B
    Total Rate
    60615

    Building Details

    Stories
    5

    Spaces For Lease

    at 5296 Commerce Dr, Murray, UT 84107 Contact us
    Unit Suite 200

    $21 /Mo

    Size
    3,507 SF
    Contact us
    Unit Basement

    $12 /Mo

    Size
    2,472 SF
    Contact us
    Unit Suite 350

    $21 /Mo

    Size
    4,318 SF
    Contact us

    We can help!

    Listing Contact
    Derek Sawaya
    Derek Sawaya

    Listing Agency: Colliers - Salt Lake City, Utah Listing Agent: Derek Sawaya

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    The Commerce Center offers exceptional office space in Salt Lake County. This Class B building boasts 60,615 square feet spread across five stories, providing multiple tenancy options. Currently, 5,979 square feet of vacant space is available, with units ranging from a minimum of 2,472 square feet to a maximum contiguous space of 3,507 square feet. Ideal for businesses seeking flexible and functional suites, the building features move-in ready spaces and recently completed common area renovations. Enhance your company's visibility with crown building signage, easily seen from the nearby I-15 freeway via the 5300 South exit. Ample parking is available, including covered spaces, at a ratio of 3.5 spaces per 1,000 square feet. Additional benefits include basement and storage space. The Commerce Center's convenient location in central Salt Lake County offers easy access to public transportation, being less than a 15-minute walk from the Murray Central Trax/Frontrunner station. This presents a compelling opportunity for businesses seeking a well-maintained, highly visible, and conveniently located office space in a thriving market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Murray
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8998711
    Latitude
    40.6557688

    Nearby Similar for Lease

    • Contact for pricing
      17,424 SF

      Murray Office Space For Lease

      Centrally located Murray office space with convenient freeway access.
      162 E 4500 S, Murray, UT 84107
      View Details
    • Contact for pricing
      436 SF

      Murray Office Space For Lease

      Central Murray office space near Trax, mall, and highways.
      106 W Winchester St, Murray, UT 84107
      View Details
    • $22 SF/Yr

      Murray Crossing Retail/Office Space

      Retail, office, or medical space available in Murray, Utah.
      196 W Vine St, Murray, UT 84107
      View Details
    • $16 SF/Yr

      Murray Office Space for Lease

      Campus-like office property with updated interiors and convenient amenities.
      5288 Commerce Dr, Murray, UT 84107
      View Details
    • $0.99 SF/Yr
      7,746 SF

      Industrial Space with Billboard Signage

      7,746 SF industrial space with 1,800 SF office available.
      4876 South Commerce Dr, Murray, UT 84107
      View Details
    • $21 SF/Yr

      Murray Office Space For Lease

      Centrally located office space with freeway access and ample parking.
      4400 South Brg East, Murray, UT 84107
      View Details
    • $19 SF/Yr

      Office Space with Atrium Lobby

      Office space featuring an atrium lobby and panoramic views.
      5353 South Brg East, Murray, UT 84117
      View Details
    • $24 SF/Yr

      Remodeled Retail/Office Space Available

      Recently remodeled retail or office space in downtown Murray.
      4901 S State St, Murray, UT 84107
      View Details
    • $16 SF/Yr
      1,494 SF

      Updated Office Space For Rent

      Updated office space in ideal location with abundant amenities.
      5286-5288 Commerce Dr, Murray, UT 84107
      View Details
    • Contact for pricing
      8,153 SF

      Murray Office Space For Rent

      Office space with abundant parking and easy transit access.
      120 W Vine St, Murray, UT 84107
      View Details
    • Contact for pricing

      Prominent Office Building For Lease

      Strategically located office building with freeway access and mountain views.
      1996 E 6400 S, Murray, UT 84121
      View Details
    • $2,000 /Mo
      800 SF

      Retail Space on State Street

      800 sq ft retail suite in high-traffic area.
      6657 S State St, Murray, UT 84107
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Salt Lake County office space, I-15 access.
    Where is this office property located?
    The property is located at 5296 Commerce Dr Murray, UT.
    What is the lease rate?
    The lease rate is $12-$21 SF/Yr.
    What are key features of this property?
    This property features: 60,615 SF Class B office building in Salt Lake County.; Multiple tenancies available, ranging from 2,472 SF to 4,318 SF.; 5,979 SF of vacant space currently available.
    (801) 889-6213 Call to check price and availability
    Request Owner's contact information
    5296 Commerce Dr Murray, UT 84107
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5296 Commerce Dr
    Murray, UT 84107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5296 Commerce Dr Murray, UT 84107
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Derek Sawaya
    Derek Sawaya
    Real Estate License ID: 8082653-SA00
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!