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

    75 Towne Ridge Pkwy Sandy, UT 84070

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

    Sandy, Utah Executive Office Space Available

    Lot size:
    125,000 SF

    Property Features for 75 Towne Ridge Pkwy

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    125,000 SF
    Class
    A
    Total Rate
    302083.33

    Building Details

    Stories
    5

    Spaces For Lease

    at 75 Towne Ridge Pkwy, Sandy, UT 84070 Contact us
    Unit Suite 201

    $29 /Mo

    Size
    8,549 SF
    Contact us
    Unit Suite 100

    $29 /Mo

    Size
    6,867 SF
    Contact us

    We can help!

    Listing Contact
    Brandon Fugal
    Brandon Fugal

    Listing Agency: Colliers | Salt Lake City Millrock Listing Agent: Brandon Fugal

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

    Learn more

    Property Insight Report

    Overview

    Towne Ridge Center II, located at 75 W Towne Ridge Pkwy, Sandy, UT 84070, offers exceptional executive office space within Salt Lake City's "Silicon Slopes." This Class A property comprises two recently constructed, five-story office towers totaling 125,000 square feet, situated on a 3.03-acre lot in the Sandy South Towne submarket of Salt Lake County. The modern design features large floor plates and stunning mountain views. Currently, there are two suites available, offering flexible space options ranging from a minimum of 6,867 square feet to a maximum contiguous space of 8,549 square feet. A total of 15,416 square feet is currently vacant. The property provides ample garage and surface parking for tenants and visitors. This prime location offers easy access to major transportation routes and amenities, making it an ideal location for businesses seeking a prestigious and functional workspace. The building's modern design and amenities, combined with its strategic location, make Towne Ridge Center II a highly desirable option for discerning businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SecurityNational Mortgage Company Loan Service Climbing Healthcare Insurance Agency Stratus.hr Insurance Agency Net Worth Advisory ... Financial Advisor ChargePoint Charging Station Electric Vehicle Charging Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.893209
    Latitude
    40.574631

    Nearby Similar for Lease

    • New
      $250,000
      436 SF

      Sandy Office Condo For Rent

      Second floor office condo with new carpet and paint.
      9672 S 700 E, Sandy, UT 84070
      View Details
    • Sponsored
      Contact for pricing

      Sandy Center

      Workspaces, services and support to help you work better in Miami Airport
      9980 300, Sandy, UT 84070
      View Details
    • $1.35 SF/Yr
      23,255 SF

      Sandy Industrial Property For Rent

      Well-located Sandy property with I-15 access, high power, and parking.
      649 West 9400 South, Sandy, UT 84070
      View Details
    • $700 /Mo
      550 SF

      Retail/Warehouse Space For Rent

      Retail and warehouse space with excellent visibility and onsite parking.
      8720 S 700 E, Sandy, UT 84070
      View Details
    • $18 SF/Yr
      6,246 SF

      Move-in Ready Office Space

      Ready office space with I-15 access and fiber connectivity.
      8851 Sandy Pkwy, Sandy, UT 84070
      View Details
    • $18 SF/Yr
      573 SF

      Move-in Ready Office Space

      Office space with furnishings available and I-15 access.
      8911 Sandy Pkwy, Sandy, UT 84070
      View Details
    • $18 SF/Yr
      5,033 SF

      Move-In Ready Office Space

      Office space with furnishings, parking, and I-15 access.
      8871 Sandy Pkwy, Sandy, UT 84070
      View Details
    • $22 SF/Yr
      1,925 SF

      Class-A Office Space Available

      Well-maintained office space with freeway access and ample parking.
      1218 E 7800 S, Sandy, UT 84094
      View Details
    • $26 SF/Yr
      4,140 SF

      Retail & Warehouse Space Available

      Versatile retail and warehouse space in a prime location.
      10763 S State St, Sandy, UT 84070
      View Details
    • $700 /Mo
      25,549 SF

      Prime Retail/Warehouse Space on 700

      Versatile retail/warehouse space with excellent visibility and convenient access.
      8734 South 700 East, Sandy, UT 84070
      View Details
    • $15,426,480
      4,032 SF

      Updated Office Condos For Lease

      Modern office condos with excellent visibility and convenient access.
      9270-9362 S 700 E, Sandy, UT 84070
      View Details
    • $19 SF/Yr
      4,300 SF

      Sandy Flex/Industrial Space Available

      4,300 SF flex/industrial space for lease in Sandy, Utah.
      10520 S 700 E, Sandy, UT 84070
      View Details

    FAQs

    What type of property is this?
    Office units - Sandy, Utah Executive Office Space Available
    Where is this office units located?
    The property is located at 75 Towne Ridge Pkwy Sandy, UT.
    What is the lease rate?
    The lease rate is $29 SF/Yr.
    What are key features of this property?
    This property features: 250,000 square foot campus.; Ready for occupancy.; Generous tenant improvement allowances.
    (801) 947-8300 Call to check price and availability
    Request Owner's contact information
    75 Towne Ridge Pkwy Sandy, UT 84070
    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.
    75 Towne Ridge Pkwy
    Sandy, UT 84070
    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
    75 Towne Ridge Pkwy Sandy, UT 84070
    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 Brandon Fugal
    Brandon Fugal
    Real Estate License ID: 5477023-SA00
    (801) 947-8300 (801) 947-8328
    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!