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    859 Jordan Pkwy South Jordan, UT 84095

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    859 Jordan Pkwy South Jordan, UT 84095

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    • Office properties & Spaces

    Property Details for 859 Jordan Pkwy

    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional South Jordan office space, located at 859 W. South Jordan Parkway, offers 1,985 square feet of versatile Class B office space in a single suite (Suite 103). The property is ideally situated for businesses seeking a prominent location with convenient access to I-15 and numerous amenities. The building features ample parking (3.5 spaces per 1,000 square feet), providing convenient access for employees and clients. This multi-tenant building offers a traditional office layout, also suitable for medical office use. Tenant improvements are available to customize the space to meet specific business needs. The full-service rate includes janitorial services, minimizing operational overhead. Modern communication infrastructure is readily available, with Comcast and CenturyLink services accessible. The property benefits from a highly desirable South Jordan location, adjacent to the Riverpark Office & Retail Center, providing easy access to a wide array of retail options, including a Lifetime Fitness center. Building signage opportunities are also available for enhanced visibility and brand recognition. The minimum divisible space is 1,985 square feet, and the maximum contiguous space available is also 1,985 square feet. This presents a unique opportunity for a business seeking a well-appointed, conveniently located office space in a thriving Utah community. The property's zip code is 84095.

    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
    -111.915
    Latitude
    40.5588

    Comparable in this City

    • Value Estimation by Request

      489 Jordan Pkwy

      Medical Office Space
      489 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
      $1,105,000
      21,348 SF

      1868 9800th S

      MEDICAL BUILDING • 21,348 SF
      1868 9800th S, South Jordan, UT 84095-4713
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    • Value Estimation by Request
      2,634 SF

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      2,852 SF

      10654 Riv Hts Dr

      MEDICAL BUILDING • 2,852 SF
      10654 Riv Hts Dr, South Jordan, UT 84095-5522
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    • Value Estimation by Request
      3,847 SF

      10654 Riv Hts Dr

      MEDICAL BUILDING • 3,847 SF
      10654 Riv Hts Dr, South Jordan, UT 84095-5522
      View Details

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    South Jordan, UT 84095
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    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
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