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    4516 E St Murray, UT 84107

    For Lease
    $16 SF/Yr

    Prime Murray office space, flexible lease terms.

    Lot size:
    61,131 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Aspenwood Park, located at 4516 S 700 E in Salt Lake City, UT 84107, offers exceptional executive office space for lease. This three-story, Class C building, totaling 61,131 square feet, underwent renovations in 2020, ensuring modern amenities within a well-established structure originally built in 1986. Currently, there are two available suites, ranging from 2,986 to 4,175 square feet, perfect for businesses seeking flexible and adaptable workspaces. The property sits on a 2.12-acre lot and provides ample parking with a ratio of 4.3 spaces per 1,000 square feet. Building features include elevators for convenient access to all floors. The building is situated in the Central Valley East submarket of Salt Lake County, offering excellent accessibility and visibility. A motivated landlord is prepared to offer build-out incentives for qualified tenants seeking longer-term leases. This presents a unique opportunity to customize your workspace to perfectly suit your business needs within a well-maintained and conveniently located office building. The property's location in Murray provides easy access to major transportation routes and a variety of local amenities. With a total of 1,106 square feet currently vacant, this is an ideal opportunity for businesses seeking immediate occupancy.

    Property Features for 4516 E St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    61,131 SF
    Class
    C
    Total Rate
    81508

    Building Details

    Year Built/Renovated
    1986/2020
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 190
    Size
    4,175 SF
    Rate per SF
    $17
    Space
    Suite 260
    Size
    2,986 SF
    Rate per SF
    $16

    HighLights

    • Lease Rate: $16.50 - $17.00 PSF, Full‑Service, with potential tenant improvement allowance.
    • Attractive building and grounds.
    • Abundant covered parking.
    • Excellent mid‑valley location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Murray
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.872064
    Latitude
    40.673859

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Murray office space, flexible lease terms.
    Where is this office property / space located?
    The property is located at 4516 E St Murray, UT.
    What is the lease rate?
    The lease rate is $16-$17 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $16.50 - $17.00 PSF, Full-Service, with potential tenant improvement allowance.; Attractive building and grounds.; Abundant covered parking.
    Request Owner's contact information
    4516 E St Murray, UT 84107
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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
    4516 E St Murray, UT 84107
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