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    13303 Teal Rdg Riverton, UT 84096

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    For Lease
    Contact for pricing

    Class A Office Space, 5 Suites Available

    Lot size:
    165,216 SF

    Property Features for 13303 Teal Rdg

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    165,216 SF
    Class
    A
    Total Rate
    413040

    Building Details

    Year Built
    2022
    Stories
    4

    Spaces For Lease

    at 13303 Teal Rdg, Riverton, UT 84096 Contact us
    Unit Building M SUITE 340

    $30 /Mo

    Size
    3,164 SF
    Contact us
    Unit Building M SUITE 200

    $30 /Mo

    Size
    14,422 SF
    Contact us
    Unit Building M Suite 230

    $30 /Mo

    Size
    2,931 SF
    Contact us
    Unit Building M Suite 345

    $30 /Mo

    Size
    2,907 SF
    Contact us
    Unit Building M Suite 360

    $30 /Mo

    Size
    2,922 SF
    Contact us
    Unit Building M Suite 355

    $30 /Mo

    Size
    3,174 SF
    Contact us
    Unit Building M SUITE 400

    $30 /Mo

    Size
    44,072 SF
    Contact us
    Unit Building M Suite 220

    $30 /Mo

    Size
    8,545 SF
    Contact us
    Unit Building M Suite 350

    $30 /Mo

    Size
    3,872 SF
    Contact us
    Unit Building M Suite 300

    $30 /Mo

    Size
    27,920 SF
    Contact us
    Unit Building M Suite 250

    $30 /Mo

    Size
    7,270 SF
    Contact us
    Show more

    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

    Overview

    Mountain View Village offers 165,216 square feet of Class A executive office space in a stunning 4-story building, newly constructed in 2022. Located on 85 acres in the heart of "Silicon Slopes," this mixed-use development provides unparalleled convenience and amenities. Five suites are currently available, ranging from 2,907 to 121,199 contiguous square feet, with a total of 121,199 square feet of vacant space. The building boasts contemporary architecture, distinctive finishes, and expansive glass offering breathtaking mountain views. The property's prime location provides easy access to major interstates, expressways, and public transportation, making it ideal for employee recruitment and retention. Enjoy the convenience of over 100 retail shops and restaurants within a five-minute walk. Beyond the office space, Mountain View Village features a state-of-the-art fountain plaza with music and lighting shows, event lawns, outdoor fireplaces, shaded patios, and children's play areas, creating a vibrant and desirable work environment. This iconic Utah destination offers lifestyle excellence, combining premium office space with exceptional amenities. The building comprises 11 total suites.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    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
    Riverton
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.99566313
    Latitude
    40.50939994

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      Mountain View Village Office Space

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    FAQs

    What type of property is this?
    Office property - Class A Office Space, 5 Suites Available
    Where is this office property located?
    The property is located at 13303 Teal Rdg Riverton, UT.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: Class A, 165,216 SF office building, built in 2022.; Four-story building with 11 suites, offering 2,907 SF minimum divisible space and up to 121,199 contiguous SF.; 121,199 SF of vacant space available.
    (801) 947-8300 Call to check price and availability
    Request Owner's contact information
    13303 Teal Rdg Riverton, UT 84096
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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
    13303 Teal Rdg Riverton, UT 84096
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    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
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