Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    8851-8871 South Sandy Parkway Sandy, UT 84070

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Furnished office space with I-15 access and fiber connectivity.

    Type:Office
    Added:
    Jul 6, 2023
    Days on Market:
    1030
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 8851-8871 South Sandy Parkway

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1997

    Spaces For Lease

    at 8851-8871 South Sandy Parkway Contact us

    Building A, 2nd Floor, Suite 210 $19 /Mo

    Size
    2,686 SF
    Type
    Office
    Contact us

    Building C, 2nd Floor $19 /Mo

    Size
    15,258 SF
    Type
    Office
    Contact us

    Building A: 2nd Floor, Suite 220 $19 /Mo

    Size
    6,246 SF
    Type
    Office
    Contact us

    Building B: 1st Floor, Suite 100 $19 /Mo

    Size
    5,033 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Jared Booth, SIOR, CCIM

    Listing agent Jared Booth, SIOR, CCIM License #UT 5451558SA00

    Listing office Colliers - Salt Lake City, UT

    Listing date Jul 6, 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 Colliers - Salt Lake City, UT

    Overview

    Move-in Ready Office Space

    This office space is move-in ready and furnishings are available. It features a central valley location with immediate access to I-15 at 9000 South. The property includes fiber optic connectivity and floor-to-ceiling glass windows. The parking ratio is 4.5 per 1,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop 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
    -111.9039765
    Latitude
    40.5908103

    Nearby Similar for Lease

    • $230,000 SF/Yr

      Professional Office in East Sandy

      960 SF office condo in desirable East Sandy business district.
      9571 S 700 St E unit: 104, Sandy, UT 84070
      View Details
    • Sponsored
      Contact for pricing

      Sandy Center

      9980 300, Unit 200, Sandy, UT 84070
      View Details
    • $700/Mo

      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
    • $21 SF/Yr

      Office Space Available For Rent

      Office space available for lease, move-in December 1, 2024.
      9785 Monroe Street, Sandy, UT, 84070
      View Details
    • $26 SF/Yr

      Retail & Warehouse Space Available

      Versatile retail and warehouse space in a prime location.
      10763 S. State St., Sandy, UT 84070
      View Details
    • Contact for pricing

      Plug and Play Office Sublease

      Available for sublease: 16,691 SF office space in Sandy, Utah.
      111 E Sego Lily Dr, Sandy, UT 84070
      View Details
    • $24 SF/Yr

      Move-in Ready Office Space

      Office space available for immediate occupancy with newer finishes.
      45 W 10000 S, Sandy, UT
      View Details
    • Contact for pricing

      Office Space For Lease/Sale

      Office space available for lease or sale in Sandy, Utah.
      8327 S State St, Sandy, UT 84070
      View Details
    • $26 SF/Yr

      Office Space with Mountain Views

      Office space for lease near I-215 with parking.
      7440 S Crk Rd , Sandy, UT
      View Details
    • Contact for pricing

      Class-A Office Property For Lease

      Well-maintained office property with freeway access and ample parking.
      1218 East 7800 South | Sandy, UT 84094
      View Details
    • $22 SF/Yr

      Retail Space Available For Lease

      Retail space available for lease, totaling 7,708 square feet.
      2039 East 9400 South, Sandy, UT, 84093
      View Details
    • $800/Mo

      Executive Offices For Rent

      Executive offices available with shared amenities and ample parking.
      11075 S State St, Sandy, UT
      View Details

    FAQs

    What type of property is this?
    Office units - Furnished office space with I-15 access and fiber connectivity.
    Where is this office units located?
    The property is located at 8851-8871 South Sandy Parkway Sandy, UT.
    What are key features of this property?
    This property features: Unparalleled central valley location with immediate I‑15 access at 9000 South; Move‑in ready; Parking ratio: 4.5/1,000
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jared Booth, SIOR, CCIM
    Real Estate License ID: UT 5451558SA00
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!