Office Building with
For Sale
$1,249,900
891 W Baxter Dr, South Jordan, UT 84095
Separate exterior entrances support professional, medical, therapy, accounting, and service-oriented configurations.
Property Size4,470 SF
Price / SF$279.62
Days on Market137
Property Features for 891 W Baxter Dr
General Information
Standard status
Active
Size
4,470 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,368
Building Details
Buildings
1
Building Size
4,470 SF
Listing Agency:
EXP Realty, LLC (Park City)
(801) 918-9513
Listed By:
Kelly Nieves
(801) 918-9513
Source:
Exprealty
Added: Apr 16
Changed: Aug 29
Last Checked: Aug 29 at 3:37PM
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 EXP Realty, LLC (Park City)
Investment Insights
Based on property information with market context.
This well-maintained office property provides approximately 4,470 SF across above-grade and basement areas, with about 2,980 SF above grade and 1,490 SF below grade. Exterior access at each level supports separate suites, owner occupancy, or a combination of office configurations. The layout can accommodate professional operations such as medical, therapy, accounting, and other service-based businesses.
Located at 891 W Baxter Dr in South Jordan, the building sits just off 10600 South and minutes from Interstate 15. It adjoins a quiet, gated residential community and includes on-site parking. Ownership has operated the property with approximately 20 occupants, while additional overflow parking is accessible south of the building between neighboring structures. Maintained grounds and a finished exterior provide a professional arrival setting for clients and visitors.
Located at 891 W Baxter Dr in South Jordan, the building sits just off 10600 South and minutes from Interstate 15. It adjoins a quiet, gated residential community and includes on-site parking. Ownership has operated the property with approximately 20 occupants, while additional overflow parking is accessible south of the building between neighboring structures. Maintained grounds and a finished exterior provide a professional arrival setting for clients and visitors.
Key Highlights
- Approximately 4,470 SF total, including 2,980 SF above grade and 1,490 SF basement space
- Exterior access serves both levels, supporting separate office configurations
- Parking operations have accommodated approximately 20 occupants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,811
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,296,220
$1.3M
Cap Rate 7%
$925,871
$925.9K
Cap Rate 9%
$720,122
$720.1K
Market Conditions
NOI Build-Up for 4,470 SF
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.
Gross rent
$96.0K $21.48/SF
− Vacancy
−$9.6K −$2.15/SF
EGI
$86.4K $19.33/SF
− OpEx
−$21.6K −$4.83/SF
NOI
$64.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,296,220
Cap Rate 7%
$925,871
Cap Rate 9%
$720,122
Alternative Uses
Best Use
Office B
$925.9K
$810.1K – $1.08M
NOI $64,811 @ 7.0% cap · market cap 5.19%
Second Best
Healthcare Medical
$764.1K
$668.6K – $891.5K
NOI $53,490 @ 7.0% cap · market cap 4.28%
Theoretical Best
Multifamily LT 5
$59.52M
$52.08M – $69.44M
NOI $4,166,379 @ 7.0% cap · market cap 333.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,334
Businesses Nearby
Explore this area
Business Placement
Demographics for 84095, UT
39,278
Population
13,518
Households
2.9
Avg Household Size
35
Median Age
46%
College-Educated
97%
High-School Grad
11.5 sq mi
ZIP Area
3,415
Density / Sq Mi
$123,082
Median Household Income
$57,833
Median Earnings
$1,794
Median Rent
$669,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Separate exterior entrances support professional, medical, therapy, accounting, and service-oriented configurations.
Where is this office building located?
The property is located at 891 W Baxter Dr South Jordan, UT.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: Approximately 4,470 SF total, including 2,980 SF above grade and 1,490 SF basement space; Exterior access serves both levels, supporting separate office configurations; Parking operations have accommodated approximately 20 occupants
