10923 S Redwood Rd South Jordan, UT 84095
Restored office building with ADA access and security system.
Property Features for 10923 S Redwood Rd
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 0.20 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1930
Listing office Commercial Real Estate Specialists (801) 824-1311
Listing date Oct 4, 2024
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully restored, freestanding office building with 2,200 SF of remodeled main floor space.
- Enjoy full ADA accessibility and a 24‑hour security system.
- HVAC systems and water heater replaced in 2020.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.3k | $21.48 |
| − Vacancy | −$4.7k | −$2.15 |
| EGI | $42.5k | $19.33 |
| − OpEx | −$10.6k | −$4.83 |
| NOI | $31.9k | $14.50 |
