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    10421 Jordan Gtwy South Jordan, UT 84095-3901
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    Property profile & analytics

    10421 Jordan Gtwy South Jordan, UT 84095-3901

    View on Map
    • Investment properties
    • 71,616 SF
    • 2.20 lot acres
    Off-Market
    Property ID
    US86-1075280
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $8,395,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 10421 Jordan Gtwy

    Year built
    1998
    Lot size
    2.20 lot acres
    Property size
    71,616 SF
    Zone code
    CF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    27-13-177-012
    APU
    2713177012

    Description

    This exceptional Class B office building, Towers at South Towne II, offers a prime opportunity for businesses seeking executive office space in the desirable Sandy South Towne submarket of South Jordan, Utah. Located at 10421 S Jordan Gateway, 84095, this six-story building boasts a total of 71,616 square feet, situated on a 2-acre lot. Currently, there are 12,124 square feet of vacant space available, divisible into units ranging from a minimum of 2,160 square feet to a maximum contiguous space of 5,225 square feet. Built in 1998, the building provides ample parking with a ratio of 5 spaces per 1000 square feet. The property's convenient location within Salt Lake County offers easy access to major transportation routes and amenities. Ideal for businesses seeking flexible and modern office solutions, this property presents a unique chance to establish a presence in a thriving commercial area. The multiple tenancy structure allows for diverse business configurations, catering to various organizational needs and sizes. This is a rare opportunity to secure high-quality office space in a sought-after location. Inquire today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,217,000
      Market price range: $6.74M - $14.6M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,285,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $10,715,000
      Change: +4% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Jordan
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.902
    Latitude
    40.562
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $119,963
    $2,012,500
    $9,766,000
    $11,778,500
    -
    $2,012,500
    $9,766,000
    $11,778,500

    Comparable in this City

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      View Details
    • Value Estimation
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      44,144 SF

      10610 Jordan Gtwy

      STORE/OFFICE (MIXED USE) • 44,144 SF
      10610 Jordan Gtwy, South Jordan, UT 84095-3947
      View Details
    • Value Estimation
      $11,405,000
      104,265 SF

      489 Ws Jordan Pkwy

      STORE/OFFICE (MIXED USE) • 104,265 SF
      489 Ws Jordan Pkwy, South Jordan, UT 84095-3979
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    • Value Estimation
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      23,232 SF

      1258 Ws Jordan Pkwy

      STORE/OFFICE (MIXED USE) • 23,232 SF
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    • Value Estimation by Request
      640 SF

      10406 1055th W

      STORE/OFFICE (MIXED USE) • 640 SF
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    • Value Estimation by Request
      640 SF

      10436 1055th W

      STORE/OFFICE (MIXED USE) • 640 SF
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      View Details

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      Land with views in Herriman's newest subdivision, South Hills.
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      Residential Land in Herriman's South Hills

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      Residential land in Herriman's South Hills subdivision with valley views.
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    Similar Nearby for Lease

    • Contact for pricing

      Furnished Office Space Available

      9,921 SF furnished office space for lease.
      753 S Jordan Pkwy W, South Jordan, UT 84095
      View Details
    • Contact for pricing

      Retail Space For Lease

      2,600 SF retail space in Harmon’s anchored center.
      10400 S Redwood Rd, South Jordan, UT 84095
      View Details
    • Contact for pricing
      62,620 SF

      South Jordan Office Space Available

      62,620 sq ft office space for rent.
      10377 South Jordan Gtwy, South Jordan, UT 84095
      View Details
    • $29 SF/Yr
      27,217 SF

      High-Tech Office Space Available

      Modern office space with fitness center and tenant lounge.
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      View Details
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    10421 Jordan Gtwy
    South Jordan, UT 84095-3901
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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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