Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10897 River Front Pkwy South Jordan, UT 84095
    Back to Search
    Property profile & analytics

    10897 River Front Pkwy, South Jordan, UT 84095

    View on Map
    • Office Spaces
    • 130,425 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 10897 River Front Pkwy

    Year built
    2006
    Property type
    Office Spaces

    Description

    RiverPark VI offers premium executive office space in South Jordan, Utah. This Class A building, constructed in 2006 and renovated in 2021, boasts a total of 130,425 square feet across five stories. Located at 10897 S River Front Pkwy, 84095, this Salt Lake County property features multiple tenancy options, with a minimum divisible space of 12,716 square feet and a maximum contiguous space of 12,716 square feet. Currently, there are two available spaces ranging from 4,000 to 14,067 square feet. The building's modern design and recent renovations ensure a high-quality work environment. Potential amenities may include a fitness center and bike storage, catering to the needs of today's professionals. The property benefits from its convenient location, with various restaurants and retail options in the immediate vicinity. This is an exceptional opportunity to secure prime office space in a thriving South Jordan business district. The building's single suite configuration offers a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to occupy smaller portions. This property is ideal for businesses seeking a modern, well-maintained, and conveniently located office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Jordan
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.914
    Latitude
    40.5537

    Comparable in this City

    • Value Estimation by Request
      4,250 SF

      1801 Jordan Pkwy

      Restaurants
      1801 Jordan Pkwy, South Jordan, UT 84095
      View Details
    • Value Estimation by Request

      489 Jordan Pkwy

      Medical Office Space
      489 Jordan Pkwy, South Jordan, UT 84095
      View Details
    • Value Estimation
      $2,705,000
      13,530 SF

      1117 Ws Jordan Pkwy

      OFFICE (GENERAL)
      1117 Ws Jordan Pkwy, South Jordan, UT 84095-4550
      View Details
    • Value Estimation by Request
      71,936 SF

      406 South Jordan Pkwy

      Office Spaces
      406 South Jordan Pkwy, South Jordan, UT 84095
      View Details
    • Value Estimation by Request

      10653 River Front Pkwy

      Office Spaces
      10653 River Front Pkwy, South Jordan, UT 84095
      View Details
    • Value Estimation
      $6,110,000
      30,246 SF

      322 11000th S

      OFFICE (GENERAL)
      322 11000th S, South Jordan, UT 84095-4024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,697 SF

      Freestanding Building on 0.84 Acres

      Freestanding ±11,697 SF building on 0.84 acres for sale.
      3577 west 9800, Sandy, UT 84095
      View Details
    • Contact for pricing
      48,914 SF

      Upgraded Office Building Near I-15

      Renovated office building near I-15 and FrontRunner station.
      10542 S Jordan Gtwy, South Jordan, UT 84095
      View Details
    • Contact for pricing
      10,000 SF

      Two-Story Office Building For Sale

      10,000 SF office building built in 2020, South Jordan.
      10929 S Redwood Rd, South Jordan, UT 84095
      View Details
    • Contact for pricing

      Two-Story Office Building For Sale

      Two-story office building with modern amenities, ideal for owner-users.
      10929 S Redwood Rd, South Jordan, UT 84095
      View Details
    • Contact for pricing
      2,200 SF

      Restored Freestanding Office Building

      Restored office building with ADA access and security system.
      10923 S Redwood Rd, South Jordan, UT 84095
      View Details
    • Contact for pricing
      4,500 SF

      Upscale Office Space Available

      Two-story office space with Class A finishes in Herriman.
      5081 W 11800 S, Herriman, UT 84095
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space For Lease

      Office space available for lease.
      10975 S Sterling View Dr, South Jordan, UT 84095
      View Details
    • Contact for pricing

      South Jordan Retail/Office/Restaurant Space

      Drive-thru pad, in-line, office, and restaurant spaces for lease.
      10701 S River Front Pkwy, South Jordan, UT 84095
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for lease at a reduced rate.
      10813 South River Front Pkwy, South Jordan, UT 84095
      View Details
    • Contact for pricing

      Office Space with Amenities

      Office space available for rent with potential amenities.
      10897 S River Front Pkwy, South Jordan, UT 84095
      View Details
    • Contact for pricing

      South Jordan Flex Space Available

      Flex space available for lease in South Jordan, Utah.
      11279 S Redwood Rd, South Jordan, UT 84095
      View Details
    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.
    10897 River Front Pkwy
    South Jordan, UT 84095
    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

    Thank You for Inquiry
    10897 River Front Pkwy, South Jordan, UT, 84095
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!