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    9204 5600 W West Jordan, UT 84081

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    For Lease
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    Land available for ground lease or build to suit.

    Type:Retail, Land, Restaurant
    Property size:
    15,947 SF
    Lot size:
    3.49 Acres
    Added:
    Nov 15, 2023
    Days on Market:
    882
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 9204 5600 W

    General Information

    Standard status
    Active
    Size
    15,947 SF
    Lot size
    3.49 Acres
    Property subtype
    Retail, Land, Restaurant

    Building Details

    Year Built
    2024

    Spaces For Lease

    at 9204 5600 W Contact us

    We can help!

    Listing Contact
    Lance Pendleton

    Listing agent Lance Pendleton License #UT 5594649-SA00

    Listing office Newmark Mountain West

    Listing date Nov 15, 2023

    Source Crexi

    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 Newmark Mountain West

    Overview

    West Jordan Land For Lease

    Available for lease is a property offering spaces ranging from 1,000 to 15,947 square feet. The total area of the property is 3.49 acres. It is located with close proximity to Mountain View Corridor. Traffic counts near the property are 3,464 ADT on 5600 West and 13,838 ADT on 9000 South.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West Jordan
    County
    Salt Lake
    State
    Utah
    Longitude
    -112.0247489
    Latitude
    40.5883037

    Nearby Similar for Lease

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      West Jordan Office Space Available

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      West Jordan Industrial Opportunity

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      8461 S OLD BINGHAM Hwy, West Jordan, UT 84088
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      Retail Space in West Jordan

      Retail space available in West Jordan Town Retail Center.
      6910 South Redwood Road, West Jordan, UT 84084
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      West Jordan Office Space Available

      Office space with break room, conference room, and parking.
      4225 W NIKE Dr S, West Jordan, UT 84088
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      Retail Space in West Jordan

      Neighborhood center with high visibility and abundant parking available for lease.
      3078 West 7800 South, West Jordan, UT 84088
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      Retail Space with Renovation Underway

      Retail space available for rent with complete renovation underway.
      1837 W 9000 S, West Jordan, UT
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      Freestanding Retail Building in West Jordan

      Single-tenant retail building with high visibility and ample parking.
      1390 W 9000 S, West Jordan, UT 84088
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      Anchored Retail Space Available

      Retail space in Smith’s anchored shopping center for lease.
      5542 W 7800 S, West Jordan, UT
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      Retail Space Near Mountain View

      Retail space available in Smith’s anchored shopping center.
      7862 5600 W, West Jordan, UT
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      West Jordan Retail Opportunity

      Prime retail space in a large, high-traffic power center.
      7211 S Plz Ctr Dr, West Jordan, UT
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      Retail Space with Drive-Thru

      1,800 SF retail space with drive-thru and patio seating.
      1571-1577 W 9000 S, West Jordan, UT
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      Retail Space Available For Lease

      1,500 SF retail space for lease, $28.00/SF NNN.
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      View Details

    FAQs

    What type of property is this?
    Commercial land - Land available for ground lease or build to suit.
    Where is this commercial land located?
    The property is located at 9204 5600 W West Jordan, UT.
    What are key features of this property?
    This property features: Ground Lease or Build‑to‑Suit (BTS) options available.; Significant Traffic Counts: **High visibility location** with substantial daily traffic on both 5600 West and 9000 South.; Size Flexibility: Available space ranges from 1,000 to 15,947 SF.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lance Pendleton
    Real Estate License ID: UT 5594649-SA00
    Learn More
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    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
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