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

    2091 Murray-Holladay Rd Holladay, UT 84117

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

    Prime Cottonwood office space available.

    Lot size:
    10,810 SF

    Property Features for 2091 Murray-Holladay Rd

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,810 SF
    Class
    C
    Total Rate
    11197.36

    Building Details

    Year Built
    1968
    Stories
    2

    Spaces For Lease

    at 2091 Murray-Holladay Rd, Holladay, UT 84117 Contact us
    Unit Suite 102

    $12 /Mo

    Size
    1,352 SF
    Contact us
    Unit Suite 101

    $18 /Mo

    Size
    570 SF
    Contact us

    We can help!

    Listing Contact
    Tanner Riedel
    Tanner Riedel

    Listing Agency: Colliers | Salt Lake City Downtown Listing Agent: Tanner Riedel

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

    Learn more

    Overview

    This exceptional Holladay office property, located at 2091 East Murray-Holladay Rd, Salt Lake City, UT 84117, offers flexible executive office suites for lease. The building, a two-story Class C structure built in 1968, boasts a total of 10,810 square feet. Multiple tenancy options are available, with spaces ranging from a minimum of 570 square feet to a maximum contiguous space of 1,352 square feet. Currently, 1,922 square feet are vacant and ready for immediate occupancy. The property is situated in the desirable Cottonwood submarket of Salt Lake County and provides convenient parking with a ratio of 3 spaces per 1000 square feet. This presents a unique opportunity for businesses seeking efficient and well-located office space in a thriving area. The address is easily accessible and offers excellent visibility. The building's layout is designed to accommodate various business needs, making it an ideal choice for companies of all sizes. Don't miss this chance to secure your ideal workspace in this established and convenient location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Holladay
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.831207
    Latitude
    40.666179

    Nearby Similar for Lease

    • $19 SF/Yr

      Medical Office Space Available

      Medical office suites or entire floor for lease.
      4460 S Highland Dr, Holladay, UT 84124
      View Details
    • $16 SF/Yr
      2,900 SF

      Millcreek Office Space For Rent

      Office space in Millcreek with high traffic and signage.
      4698 S Highland Dr, Holladay, UT 84117
      View Details
    • $2,250 /Mo

      Holladay Retail Space For Lease

      Retail space in Holladay with high visibility and on-site parking.
      6065 S Highland Dr, Holladay, UT 84124
      View Details
    • $34 SF/Yr
      75,167 SF

      Holladay Executive Office Space

      Prestigious Class A Office, 7,147 SF Available
      6550 Millrock Dr, Holladay, UT 84121
      View Details
    • $34 SF/Yr
      139,761 SF

      Millrock Park West Executive Suites

      Prestigious Holladay office space available.
      3165 Millrock Dr, Holladay, UT 84121
      View Details
    • $34 SF/Yr
      5,453 SF

      Vibe Cottonwood Executive Suites

      Class A Office Space, Stunning Views
      6440 Wasatch Blvd, Holladay, UT 84121
      View Details
    • Contact for pricing
      4,600 SF

      Highland Drive Restaurant Space

      Prime Retail/Restaurant, 4600 SF, High Visibility
      4233 Highland Dr, Holladay, UT 84124
      View Details
    • $30 SF/Yr
      152,280 SF

      Holladay Office Space For Lease

      Class A Office, 8,467 SF Available
      6440 Millrock Dr, Holladay, UT 84121
      View Details
    • Contact for pricing
      15,796 SF

      Prime Retail Space, Holladay

      High-traffic Holladay retail space available.
      1785 Murray Holladay Rd, Holladay, UT 84117
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Cottonwood office space available.
    Where is this office property located?
    The property is located at 2091 Murray-Holladay Rd Holladay, UT.
    What is the lease rate?
    The lease rate is $12-$18 SF/Yr.
    What are key features of this property?
    This property features: 10,810 SF Class C office building in Holladay, UT, built in 1968.; Multiple suites available for lease, ranging from 570 SF to 1,352 SF contiguous.; 1,922 SF currently vacant and immediately available.
    (801) 947-8363 Call to check price and availability
    Request Owner's contact information
    2091 Murray-Holladay Rd Holladay, UT 84117
    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.
    2091 Murray-Holladay Rd
    Holladay, UT 84117
    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
    2091 Murray-Holladay Rd Holladay, UT 84117
    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 Tanner Riedel
    Tanner Riedel
    Real Estate License ID: 10579188-SA00
    (801) 947-8363 (801) 441-5937
    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!