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

    1600 Merit Pkwy South Jordan, UT 84095-2416

    • Investment properties
    • 178,451 SF
    • 9.98 lot acres
    OFF-MARKET
    Value Estimations
    $20,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0473271
    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

    • Investment properties

    Property Details for 1600 Merit Pkwy

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    9.98 lot acres
    Property size
    178,451 SF
    Zone code
    Z-O-S
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    27-10-401-014
    APU
    2710401014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $19,209,000
      Market price range: $16.8M - $36.5M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $25,630,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $26,705,000
      Change: +4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    South Jordan
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.936
    Latitude
    40.5714
    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
    $279,443
    $5,738,400
    $21,795,600
    $27,534,000
    -
    $5,738,400
    $21,795,600
    $27,534,000

    Comparable in this City

    • Value Estimation
      $2,485,000
      21,636 SF

      922 Baxter Dr

      STORE/OFFICE (MIXED USE) • 21,636 SF
      922 Baxter Dr, South Jordan, UT 84095-8613
      View Details
    • Value Estimation
      $8,395,000
      71,616 SF

      10421 Jordan Gtwy

      STORE/OFFICE (MIXED USE) • 71,616 SF
      10421 Jordan Gtwy, South Jordan, UT 84095-3901
      View Details
    • Value Estimation
      $5,770,000
      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
      View Details
    • Value Estimation
      $2,665,000
      23,232 SF

      1258 Ws Jordan Pkwy

      STORE/OFFICE (MIXED USE) • 23,232 SF
      1258 Ws Jordan Pkwy, South Jordan, UT 84095-4711
      View Details
    • Value Estimation by Request
      640 SF

      10406 1055th W

      STORE/OFFICE (MIXED USE) • 640 SF
      10406 1055th W, South Jordan, UT 84095-1512
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Herriman Land for Sale

      Available land in Herriman near Mountain View Corridor.
      5055 11800 S, Herriman, UT 84095
      View Details
    • $3,947,405
      10,253 SF

      Upscale Office Space Available

      Two-story office space with Class A finishes in Herriman.
      5081 W 11800 S, Herriman, UT 84095
      View Details
    • $299,900
      0.22 Acres

      South Jordan Storage and Utility Lot

      Versatile 0.22-acre lot with oversized garage and ample storage.
      11079 S Temple Dr, South Jordan, UT 84095
      View Details
    • $450,000
      0.40 Acres

      Residential Land in Herriman's South Hills

      Land in Herriman's South Hills with views and easy access.
      15984 S Soleil Vis Dr, South Jordan, UT 84095
      View Details
    • $575,000
      0.42 Acres

      Residential Land with Valley Views

      Residential land in Herriman's South Hills with valley views.
      16001 S Soleil Vis Dr, South Jordan, UT 84095
      View Details
    • $575,000
      0.51 Acres

      Residential Land in Herriman's South Hills

      Large lot with views in Herriman's newest subdivision, South Hills.
      15961 S Soleil Vis Dr, South Jordan, UT 84095
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      20,000 SF

      Trail Crossing: Flex Space Available

      Riverton, UT: Prime Flex Units for Lease
      11800 & Trl Xing Dr, Riverton, UT 84095
      View Details
    • $24 SF/Yr
      50,028 SF

      Vibe Parkway Executive Suites

      Class A Office Space, Sandy South Towne
      10542 Jordan Gtwy, South Jordan, UT 84095
      View Details
    • $22 SF/Yr
      91,936 SF

      Sterling View Drive Office Space

      South Jordan, UT Executive Office Suites Available
      10975 Sterling View Dr, South Jordan, UT 84095
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Growing Area

      Retail space available in a rapidly developing residential area.
      11553 S Parkway Plaza Dr, South Jordan, UT 84095
      View Details
    • $32 SF/Yr
      2,600 SF

      Retail Space in Harmon's Center

      Retail spaces available in Harmon’s anchored shopping center.
      1645 Towne Center Dr, South Jordan, UT 84095
      View Details
    • $38 SF/Yr
      1,116 SF

      Retail/Office Space Near Highschool

      Retail or office space for lease near Bingham Highschool.
      1831 South Jordan Pkwy, South Jordan, UT 84095
      View Details
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    1600 Merit Pkwy
    South Jordan, UT 84095-2416
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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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