Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6905 State St Murray, UT 84107
    Property profile & analytics

    6905 State St Murray, UT 84107

    View on Map
    • Retail properties & Spaces
    • 8,378 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 6905 State St

    Property size
    8,378 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 6905 South State Street in Millcreek, Utah, offers a total of 8,378 square feet of commercial space currently available for lease. Situated in Salt Lake County, with a convenient zip code of 84107, this property presents a unique opportunity for businesses seeking high-visibility locations. The space is currently entirely vacant, providing flexibility for a single tenant to occupy the entire 8,378 square feet or the possibility of dividing the space. Minimum divisible space is 3,000 square feet, while the maximum contiguous space available is 5,378 square feet. This allows for adaptability to various business needs and expansion plans. The property is classified as a multi-tenant retail building, suggesting a strong potential for attracting a diverse range of businesses and creating a vibrant commercial environment. Its prime location in Murray, Utah offers excellent access to major transportation routes and a substantial customer base. This is an ideal opportunity for businesses looking to establish a strong presence in a thriving commercial area. The property's size and layout provide ample space for a variety of retail uses, making it a versatile option for prospective tenants. Interested parties are encouraged to inquire for further details and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Murray
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.89
    Latitude
    40.6259

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      5900 State St

      Neighborhood centers • 3,000 SF
      5900 State St, Murray, UT 84107
      View Details
    • Value Estimation by Request

      700

      Office Spaces
      0 700, Salt Lake City, UT 84107
      View Details
    • Value Estimation by Request

      196 Winchester St

      Neighborhood centers
      196 Winchester St, Murray, UT 84107
      View Details
    • Value Estimation
      $5,535,000
      214,608 SF

      6191 State St

      DEPARTMENT STORE • 214,608 SF
      6191 State St, Salt Lake City, UT 84107-7258
      View Details
    • Value Estimation by Request
      20,000 SF

      6250 State St

      Individual retail properties • 20,000 SF
      6250 State St, Murray, UT 84107
      View Details
    • Value Estimation by Request

      54 Fireclay Ave

      Retail properties & Spaces
      54 Fireclay Ave, Murray, UT 84107
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,723 SF

      Office Building with I-15 Visibility

      60,723 SF office building with immediate occupancy available.
      5296 Commerce Dr, Murray, UT 84107
      View Details
    • $3,500,000
      0.58 Acres

      Two-Story Office Building in Murray

      Two-story office building with long-term lease and future development potential.
      4252 S 700 E, Murray, UT 84107
      View Details
    • Contact for pricing
      24,846 SF

      Multifamily Community in Murray, Utah

      Well-located multifamily community with income and appreciation potential.
      247 Vine St, Murray, UT 84107
      View Details
    • $4,791,600

      Land Positioned for Development

      Land suitable for mixed-use development in a growing area.
      700 E 3900 S, Salt Lake City, UT 84107
      View Details
    • $525,000
      3,000 SF

      Two-Story Office Condo For Sale

      3,000 SF office condo in Murray, UT, for sale.
      684 Vine St, Murray, UT 84107
      View Details
    • $799,000
      4,643 SF

      Salt Lake City Office Condo Investment

      High-yield office condo with strong tenant.
      746 E Winchester St, Suite 210, Murray, UT 84107
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High Traffic Retail Location

      Retail space with high visibility and accessibility.
      6550 S State St, Salt Lake City, UT 84107
      View Details
    • Contact for pricing

      Retail Space in Murray, Utah

      Retail space available in Murray, Utah with high-income demographics.
      196 E Winchester St, Murray, UT 84107
      View Details
    • Contact for pricing
      41,968 SF

      Retail Space Available For Lease

      Retail property available for lease in Murray, Utah.
      5976 State St, Murray, UT 84107
      View Details
    • Contact for pricing

      Luxury Studios for Med Spa Professionals

      Elevated spa experience with studios for rent in Murray.
      36 W Fireclay Ave, Murray, UT 84107
      View Details
    • Contact for pricing
      5,024 SF

      Flex Industrial and Retail Space

      New development with flex, industrial, and retail spaces available.
      249 S 5600 W, Salt Lake City, UT 84107
      View Details
    • Contact for pricing
      20,000 SF

      Retail Space Near Fashion Place

      20,000 SF retail space with high traffic exposure.
      5950 S State St, Murray, UT 84107
      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.
    6905 State St
    Murray, UT 84107
    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
    6905 State St, Murray, UT, 84107
    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!