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    4246 South Riverboat Rd Salt Lake City, UT 84123
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    Property profile & analytics

    4246 South Riverboat Rd, Salt Lake City, UT 84123

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    • Investment properties
    • 121,716 SF
    • 6.50 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Central Valley Office Space Available For Lease
    $21 SF/Yr
    20,517 SF

    Central Valley Office Space Available

    Office space for rent with immediate occupancy and highway access.

    4246 South Riverboat Road, Salt Lake City, UT 84123
    View Listing
    Property ID
    US86-0571396
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CRS Engineers / Environmental Engineer / Solid Waste Engineer
    • BlueReview, LLC / Consultant
    • FedEx Drop Box / Postal Service / Courier Service
    • Ovivo USA, LLC / Water Utility Company

    Property Details for 4246 South Riverboat Rd

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    6.50 lot acres
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    21-02-251-014
    APU
    2102251014

    Description

    This exceptional executive office space at 4246 Riverboat Rd, Taylorsville, UT 84123, offers multiple suites for lease within the Sorenson Research Park 7 building. Suites range from 5,682 to 14,835 square feet, providing flexibility for businesses of various sizes. A total of 20,517 square feet is currently vacant and ready for immediate occupancy. The property boasts a convenient 5/1000 parking ratio, ensuring ample parking for tenants and their guests. Its prime location in Salt Lake County offers easy access to major transportation arteries, including I-15 and I-215 freeways, providing seamless commutes for employees. The surrounding area is rich with amenities, including nearby shopping centers, the Meadow Brook Golf Course, and the scenic Jordan River Parkway, offering employees a variety of options for lunch breaks and after-work activities. Building amenities include convenient lockers and showers for tenant use. This is an unparalleled opportunity to establish a thriving business in a highly desirable and accessible location. The property is classified as an Executive Office space within the Office property type.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,106,000
      Market price range: $8.01M - $20.2M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $14,955,000
      Current use
      RESTAURANT
      $15,150,000
      Change: +1% Conversion: Difficult
      MEDICAL BUILDING
      $13,150,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.917
    Latitude
    40.6775
    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
    $179,926
    $3,401,000
    $12,517,400
    $15,918,400
    -
    $3,401,000
    $12,517,400
    $15,918,400

    Comparable in this City

    • Value Estimation
      $9,885,000
      89,296 SF

      575 Murray Blvd

      STORE/OFFICE (MIXED USE)
      575 Murray Blvd, Salt Lake City, UT 84123-4611
      View Details
    • Value Estimation
      $18,545,000
      159,300 SF

      5383 Grn St

      STORE/OFFICE (MIXED USE)
      5383 Grn St, Salt Lake City, UT 84123
      View Details
    • Value Estimation
      $1,500,000
      12,544 SF

      1018 Atherton Dr

      STORE/OFFICE (MIXED USE)
      1018 Atherton Dr, Salt Lake City, UT 84123-3470
      View Details
    • Value Estimation
      $5,215,000
      45,016 SF

      1065 Levoy Dr

      STORE/OFFICE (MIXED USE)
      1065 Levoy Dr, Salt Lake City, UT 84123-2979
      View Details
    • Value Estimation
      $1,490,000
      22,984 SF

      6617 Redwood Rd

      STORE/OFFICE (MIXED USE)
      6617 Redwood Rd, Salt Lake City, UT 84123
      View Details
    • Value Estimation by Request
      10,380 SF

      5659 Redwood Rd

      STORE/OFFICE (MIXED USE)
      5659 Redwood Rd, Salt Lake City, UT 84123
      View Details

    Similar Nearby for Sale

    • $895,000
      17,669 SF

      Approved Mixed-Use Development Opportunity

      Fully approved mixed-use development with residential and commercial units.
      4255 S Redwood Rd, Taylorsville, UT 84123
      View Details
    • $2,500,000

      Prime Commercial Land Opportunity

      Commercial land for sale in a high-visibility Taylorsville location.
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      View Details
    • Contact for pricing
      45,520 SF

      Central Valley Office Building For Sale

      Two-story office building with research and development zoning.
      1065 W Levoy Dr, Salt Lake City, UT 84123
      View Details
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      14,461 SF

      Walgreens Pharmacy Investment Opportunity

      High-traffic location with a strong-performing Walgreens pharmacy.
      4668 S Redwood Rd, Taylorsville, UT 84123
      View Details
    • Contact for pricing
      25,852 SF

      Medical Office Building Near Interstate-15

      Strategically located medical office building with high visibility and strong tenants.
      5444 S Green St, Murray, UT 84123
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fenced Land Ready For Rent

      Fenced land with roadbase, build-to-suit options, modular office approved.
      671 W 4170 S, Salt Lake City, UT 84123
      View Details
    • Contact for pricing
      25,470 SF

      Modern Warehouse Space Available

      New Class A office/warehouse park in Taylorsville, Utah.
      4202 S Riverboat Rd, Taylorsville, UT 84123
      View Details
    • Contact for pricing
      40,057 SF

      Retail Space in High-Traffic Center

      Prime retail opportunity in a busy, anchored shopping center.
      5786-5800 S Redwood Rd, Salt Lake City, UT 84123
      View Details
    • Contact for pricing
      20,800 SF

      Industrial Property with Heavy Power

      Two-building industrial property with M-G zoning and heavy power.
      4747 S Riverside Dr, Salt Lake City, UT 84123
      View Details
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      1,200 SF

      Retail Space in Walmart Center

      Retail space available in a Walmart-anchored shopping center.
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      View Details
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      2,778 SF

      Office Space with High Visibility

      Office space for rent in high-traffic area.
      4548 S Atherton Dr, Salt Lake City, UT 84123
      View Details
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    Salt Lake City, UT 84123
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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.

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    4246 South Riverboat Rd, Salt Lake City, UT, 84123
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