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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    150 Civic Center Dr Sandy, UT 84070

    • Investment properties
    • 159,019 SF
    • 10.74 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Last Sale
    Apr 30, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1473873
    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.

    Current Use by Public Records

    • Aramark Utah / Convention Center
    • Patrick W. Robertson - New York Life Insurance Company / Life Insurance Agency / Financial Planner
    • Nebeker Roland / Insurance Agency
    • Professional Education Institute / Education
    • Caliber Home Loans / Loan Agency

    Property Details for 150 Civic Center Dr

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    10.74 lot acres
    Property size
    159,019 SF
    Zone code
    CBDO
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    27-12-428-027
    APU
    2712428027

    Description

    This exceptional Class A office space, located at 150 W Civic Ctr Dr in Sandy, Utah, presents a rare leasing opportunity. The South Towne Corporate Center 1 offers a single-story building totaling 124,306 square feet, currently featuring 3,572 square feet of immediately available space. Situated in Salt Lake County, this property boasts a highly desirable location within the vibrant Sandy business community, providing easy access to major transportation routes and amenities. The building's "Traditional Office" design offers a functional and efficient layout, perfect for a variety of businesses. The available space is ideal for a company seeking a significant footprint in a prestigious location. With its ample square footage and prime location, this property represents a unique chance to establish a strong presence in a thriving market. The building's single-story design offers convenient accessibility and a streamlined workflow. The property is classified as Class A, reflecting its high-quality construction, modern amenities, and excellent overall condition. This is a multiple-tenancy building, providing a diverse and dynamic work environment. Don't miss this opportunity to secure your business's future in this exceptional Sandy, Utah office space. Contact us today to schedule a viewing and explore the possibilities. Zip code is 84070.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $38,345,000
      6.5%
      $35,395,000
      7%
      $32,870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $37,485,000
      Market price range: $9.15M - $37.5M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $22,730,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $38,230,000
      Change: +68% Conversion: Moderate
      MEDICAL BUILDING
      $27,375,000
      Change: +20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.895
    Latitude
    40.573
    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
    $671,245
    $9,007,000
    $58,912,200
    $67,919,200
    -
    $9,007,000
    $58,912,200
    $67,919,200

    Comparable in this City

    • Value Estimation
      $13,415,000
      109,047 SF

      10011 Centennial Pkwy

      STORE/OFFICE (MIXED USE) • 109,047 SF
      10011 Centennial Pkwy, Sandy, UT 84070-4156
      View Details
    • Value Estimation
      $1,365,000
      30,132 SF

      8700 Sandy Pkwy

      STORE/OFFICE (MIXED USE) • 30,132 SF
      8700 Sandy Pkwy, Sandy, UT 84070-6405
      View Details
    • Value Estimation
      $3,530,000
      28,812 SF

      8610 Sandy Pkwy

      STORE/OFFICE (MIXED USE) • 28,812 SF
      8610 Sandy Pkwy, Sandy, UT 84070-6441
      View Details
    • Value Estimation
      $3,915,000
      31,420 SF

      235 Sego Lily Dr

      STORE/OFFICE (MIXED USE) • 31,420 SF
      235 Sego Lily Dr, Sandy, UT 84070-3346
      View Details
    • Value Estimation
      $8,775,000
      65,802 SF

      126 Sego Lily Dr

      STORE/OFFICE (MIXED USE) • 65,802 SF
      126 Sego Lily Dr, Sandy, UT 84070-3372
      View Details
    • Value Estimation by Request
      5,450 SF

      11029 State St

      STORE/OFFICE (MIXED USE) • 5,450 SF
      11029 State St, Sandy, UT 84070
      View Details

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    Similar Nearby for Lease

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    150 Civic Center Dr
    Sandy, UT 84070
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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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