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

    243 6100th S Salt Lake City, UT 84107-7302

    • Medical offices
    • 96,659 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    $20,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0464396
    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

    • Midvalley Health Center, Murray / Dermatologist / Optometrist
    • Moran Eye Center at Midvalley Health Center / Optometrist / Ophthalmology Clinic
    • University of Utah Health Dermatology / Dermatologist
    • Gerald J. Gleich / Doctor
    • Mark D. Mifflin / Doctor

    Property Details for 243 6100th S

    Year built
    2014
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.77 lot acres
    Property size
    96,659 SF
    Zone code
    CDC
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    22-18-377-056
    APU
    2218377056

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $22,775,000
      6.5%
      $21,025,000
      7%
      $19,520,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $19,315,000
      Market price range: $5.59M - $19.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.885
    Latitude
    40.639
    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
    2022
    $0.00
    $1,542,000
    $23,228,900
    $24,770,900
    -
    $1,542,000
    $23,228,900
    $24,770,900

    Comparable in this City

    • Value Estimation
      $4,250,000
      31,225 SF

      6095 Fashion Blvd

      MEDICAL BUILDING • 31,225 SF
      6095 Fashion Blvd, Salt Lake City, UT 84107-7397
      View Details
    • Value Estimation
      $1,070,000
      26,312 SF

      5801 Fashion Blvd

      MEDICAL BUILDING • 26,312 SF
      5801 Fashion Blvd, Salt Lake City, UT 84107-6159
      View Details
    • Value Estimation
      $750,000
      18,888 SF

      622 4500th S

      MEDICAL BUILDING • 18,888 SF
      622 4500th S, Salt Lake City, UT 84107-2921
      View Details
    • Value Estimation by Request
      441 SF

      4010 700th Ea

      MEDICAL BUILDING • 441 SF
      4010 700th Ea, Salt Lake City, UT 84107-2573
      View Details
    • Value Estimation
      $945,000
      16,584 SF

      470 3900th S

      MEDICAL BUILDING • 16,584 SF
      470 3900th S, Salt Lake City, UT 84107-1880
      View Details
    • Value Estimation
      $575,000
      9,120 SF

      415 3900th S

      MEDICAL BUILDING • 9,120 SF
      415 3900th S, Salt Lake City, UT 84107-1805
      View Details

    Similar Nearby for Sale

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      Salt Lake City Office Condo Investment

      High-yield office condo with strong tenant.
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      Two-story office building with long-term lease and future development potential.
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      4,476 SF office space in Murray with high traffic.
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    • $725,000
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      Office Building in Murray, Utah

      Office building for sale in Murray, Utah.
      184 E 5900 S, Murray, UT 84107
      View Details
    • $3,500,000

      Two-Story Office Building with Lease

      Two-story office building with long-term lease and future development potential.
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      View Details
    • $1,242,880
      3,884 SF

      Class-A Office Condo with Amenities

      3,884 SF Murray office condo with golf simulator and gym.
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      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,836 SF

      Versatile Space Near Transportation Hub

      Adaptable space suitable for medical, retail, or office teams.
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      View Details
    • $19 SF/Yr
      33,744 SF

      Murray Park Medical Office Space

      Prime Medical Office Space Available in Murray, UT
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      View Details
    • $21 SF/Yr
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      Murray Office Space For Lease

      Centrally located office space with freeway access and ample parking.
      4400 South East Pl East, Salt Lake City, UT 84107
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    • $21 SF/Yr
      2,381 SF

      Prime Office Space on 700 East

      Centrally located office space with high visibility and ample parking.
      4400 S 700 E, Salt Lake City, UT 84107
      View Details
    • $22 SF/Yr
      10,807 SF

      Murray Crossing Retail/Office Space

      Retail, office, or medical space available in Murray, Utah.
      196 W Vine St, Murray, UT 84107
      View Details
    • $21 SF/Yr
      110,578 SF

      310 Tower: Creative Office Space

      Modern Murray Office Suites Available
      310 E St, Murray, UT 84107
      View Details
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    243 6100th S
    Salt Lake City, UT 84107-7302
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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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