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    520 Market Place Dr Centerville, UT 84014

    For Sale
    $10,900,000

    Prime Centerville Office Space, 50,476 SF

    Property size:
    50,476 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional three-story office building, totaling 50,476 square feet, presents a compelling investment opportunity in the thriving Centerville, Utah market. Constructed in 2014, the property boasts a highly desirable "Traditional Office" design, ideal for a variety of corporate tenants. Located at 520 N Marketplace Dr, Centerville, UT 84014, this strategically positioned asset offers unparalleled access and visibility. Its convenient location provides easy access to major transportation arteries, including direct freeway access and proximity to the West Davis Corridor. The building is situated just 10 minutes north of Salt Lake City and a short 15-minute drive from the Salt Lake City International Airport, ensuring seamless commutes for employees and clients alike. The surrounding area is rich with amenities, further enhancing the property's appeal and attracting a diverse pool of potential tenants. The asking price for this remarkable property is $10,900,000. This presents a rare chance to acquire a high-quality, well-located office building in a rapidly growing market. The property's size, modern construction, and prime location combine to create a truly exceptional investment opportunity. Serious inquiries are encouraged.

    Property Features for 520 Market Place Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    50,476 SF

    Building Details

    Year Built
    2014
    Stories
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    xel it s Software Company Reveo Consulting Consultant Signal Wealth Advisors Corporate Office Advanced Brain Technologies Mental Health Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Centerville
    County
    Davis
    State
    Utah
    Longitude
    -111.8880657
    Latitude
    40.9230217

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Centerville Office Space, 50,476 SF
    Where is this office property / space located?
    The property is located at 520 Market Place Dr Centerville, UT.
    What is the asking price?
    The asking price for this property is $10,900,000.
    (385) 429-5500
    Request Owner's contact information
    520 Market Place Dr Centerville, UT 84014
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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
    520 Market Place Dr Centerville, UT 84014
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