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    5296 Commerce Dr Murray, UT 84107

    For Lease
    $12 SF/Yr

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

    Lot size:
    60,615 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    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 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

    Unit(s) available at that property

    Space
    Suite 200
    Size
    3,507 SF
    Rate per SF
    $21
    Space
    Basement
    Size
    2,472 SF
    Rate per SF
    $12
    Space
    Suite 350
    Size
    4,318 SF
    Rate per SF
    $21

    HighLights

    • 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.
    • Move‑in ready suites with recent common area upgrades.
    • High visibility location with freeway signage and I‑15 access.
    • Ample parking, including covered spaces (3.5 spaces per 1,000 SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    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

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Salt Lake County office space, I-15 access.
    Where is this office property / space 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.
    Request Owner's contact information
    5296 Commerce Dr Murray, UT 84107
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    Realmo Value Estimation

    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.

    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.

    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
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