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    5242 College Dr Salt Lake City, UT 84123

    Sponsored
    For Lease
    $21 SF/Yr

    Prime Murray office space, flexible layouts available.

    Lot size:
    37,077 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    The Cloverland Building, located at 5242 South College Drive in Murray, Utah, presents a compelling opportunity for businesses seeking office space in Salt Lake County. This Class B building, constructed in 1986, offers a total of 37,077 square feet across three stories, situated on a 1.9-acre lot. The property is zoned G-O and features a single building with multiple tenancies. Spaces are available ranging from a minimum of 1,988 square feet to a maximum contiguous space of 5,543 square feet, providing flexibility for various business needs. Currently, three individual spaces are available for lease. The building's address is 5242 South College Drive, Murray, UT 84123, with the APN listed as 2112353015. This traditional office building also offers executive office suites, catering to a range of business sizes and preferences. The property is conveniently located in Salt Lake City's vibrant Murray area, offering easy access to major transportation routes and amenities. This is an excellent opportunity to secure office space in a well-maintained building with a desirable location.

    Property Features for 5242 College Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,077 SF
    Class
    B
    Total Rate
    66429.63

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    360
    Size
    2,515 SF
    Rate per SF
    $21
    Space
    370
    Size
    2,515 SF
    Rate per SF
    $21
    Space
    210
    Size
    1,837 SF
    Rate per SF
    $21

    HighLights

    • Numerous amenities are nearby.
    • Ample parking: 3.5 spaces per 1,000 square feet.
    • Monument signage opportunity available.
    • Centrally located in Salt Lake Valley.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rocky Mountain Home ... Home Health Care Service Flores Legal Services ... Legal Services ContinuumEdge Software Company Dr. Bretton H. ... Doctor SpaceIQ Corporate Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9059513
    Latitude
    40.6568293

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Murray office space, flexible layouts available.
    Where is this office property / space located?
    The property is located at 5242 College Dr Salt Lake City, UT.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Numerous amenities are nearby.; Ample parking: 3.5 spaces per 1,000 square feet.; Monument signage opportunity available.
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    Realmo Value Estimation

    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.

    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.

    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
    5242 College Dr Salt Lake City, UT 84123
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