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10300 Redwood Rd South Jordan, UT 84095-2440

OFF-MARKET Individual retail properties Google Maps
30,235 SF 1.81 ac lot Built 1983
Entity Owned 6-yr Hold Free & Clear
Estimated value (blended)
$920k
Range $828k – $1.01M (±10%)
Property ID US86-0237520

Property summary

AI-generated overview

This exceptional investment opportunity presents a fully operational, 33,500 square foot indoor recreation center situated on a 1.81-acre lot in South Jordan, Utah. The property, located at 10300 S Redwood Rd, 84095, within Salt Lake County, boasts a two-story building with a main level encompassing 26,492 square feet and a 6,995 square foot upper level. The center is zoned M-U and features a diverse range of amenities designed to cater to a broad clientele. These include a basketball court, a swimming pool, fully equipped aerobic and weight rooms, and a dedicated children's play area, along with a reception area and other supporting spaces. The property's substantial size and comprehensive facilities make it an ideal acquisition for investors seeking a high-return asset in a thriving community. The asking price for this turnkey operation is $5,975,000. Further details are available upon request. This property is quietly marketed

Property profile

Verified
Property type Individual retail properties
Use group GYM, HEALTH SPA
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 30,235 SF
Lot 1.81 ac (78,844 SF)
Zoning code M-U
APN 27-15-127-015
UPID US86-0237520

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$920k
CAP Approach CAP
by Request
Comparable Approach Comparable
$656k
Blend (final) Blend
$920k

Owner & transaction history

since 2020
2 recorded transactions
2022
Price N/A
2020
Price N/A

Zoning & alternative use

M-U · South Jordan, UT
Zoning description

The Mixed Use (MU) Zone is established to provide a zone to be used in specific locations near City transportation nodes and corridors with the intent of allowing a mix of specific land uses that are typically found sepa…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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