Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5242 College Dr Salt Lake City, UT 84123

    • Investment properties
    • 37,077 SF
    • 1.90 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US86-0698155
    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

    • Rocky Mountain Home Care & Hospice - Salt Lake City / Home Health Care Service / Hospice
    • Flores Legal Services Pc / Legal Services
    • ContinuumEdge / Software Company
    • Dr. Bretton H. Newman, MD / Doctor
    • SpaceIQ / Corporate Office

    Property Details for 5242 College Dr

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.90 lot acres
    Property size
    37,077 SF
    Zone code
    G-O
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    21-12-353-015
    APU
    2112353015

    Description

    The Cloverland Building, located at 5242 South College Drive in Murray, Utah, presents a compelling opportunity for businesses seeking office space in Salt Lake County. This Class B building, constructed in 1986, offers a total of 37,077 square feet across three stories, situated on a 1.9-acre lot. The property is zoned G-O and features a single building with multiple tenancies. Spaces are available ranging from a minimum of 1,988 square feet to a maximum contiguous space of 5,543 square feet, providing flexibility for various business needs. Currently, three individual spaces are available for lease. The building's address is 5242 South College Drive, Murray, UT 84123, with the APN listed as 2112353015. This traditional office building also offers executive office suites, catering to a range of business sizes and preferences. The property is conveniently located in Salt Lake City's vibrant Murray area, offering easy access to major transportation routes and amenities. This is an excellent opportunity to secure office space in a well-maintained building with a desirable location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.906
    Latitude
    40.6569
    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
    $45,053
    $1,241,500
    $4,022,300
    $5,263,800
    -
    $1,241,500
    $4,022,300
    $5,263,800

    Comparable in this City

    • Value Estimation by Request
      45,016 SF

      1065 Levoy Dr

      STORE/OFFICE (MIXED USE) • 45,016 SF
      1065 Levoy Dr, Salt Lake City, UT 84123-2979
      View Details
    • Value Estimation by Request
      22,984 SF

      6617 Redwood Rd

      STORE/OFFICE (MIXED USE) • 22,984 SF
      6617 Redwood Rd, Salt Lake City, UT 84123
      View Details
    • Value Estimation by Request
      10,380 SF

      5659 Redwood Rd

      STORE/OFFICE (MIXED USE) • 10,380 SF
      5659 Redwood Rd, Salt Lake City, UT 84123
      View Details
    • Value Estimation by Request
      159,300 SF

      5383 Grn St

      STORE/OFFICE (MIXED USE) • 159,300 SF
      5383 Grn St, Salt Lake City, UT 84123
      View Details
    • Value Estimation by Request
      12,544 SF

      1018 Atherton Dr

      STORE/OFFICE (MIXED USE) • 12,544 SF
      1018 Atherton Dr, Salt Lake City, UT 84123-3470
      View Details
    • Value Estimation by Request
      89,296 SF

      575 Murray Blvd

      STORE/OFFICE (MIXED USE) • 89,296 SF
      575 Murray Blvd, Salt Lake City, UT 84123-4611
      View Details

    Similar Nearby for Sale

    • $895,000
      1,350 SF

      Approved Mixed-Use Project on Redwood

      Approved 8-unit mixed-use project in Taylorsville, excellent investment opportunity.
      4255 S Redwood Rd, Taylorsville, UT 84123
      View Details
    • $7,750,000
      24,000 SF

      Renovated Office Building For Sale

      Recently renovated office building with parking and freeway access.
      5121 S Murray Blvd, Salt Lake City, UT 84123
      View Details
    • $8,648,800
      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
    • $4,350,000
      16,463 SF

      Taylorsville Office Building For Sale

      Office building for sale with high traffic and freeway access.
      6150 Redwood Rd, Taylorsville, UT 84123
      View Details
    • $355,000
      1,302 SF

      Taylorsville Townhome in Barrington Park

      Well-maintained townhome with new carpet and convenient access to amenities.
      4301 S Cromwell Ct W, Salt Lake City, UT 84123
      View Details
    • $5,106,667
      14,461 SF

      Walgreens NNN Lease Investment Opportunity

      NNN lease with corporate guarantee by Walgreens Co.
      4668 S Redwood Rd, Salt Lake City, UT 84123
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      21,398 SF

      Atherton Medical Office Space for Lease

      Central Valley West medical office suites available
      1020 Atherton Dr, Taylorsville, UT 84123
      View Details
    • Contact for pricing
      295,373 SF

      Jordan River Warehouse Space Available

      Class A warehouse space, Taylorsville, UT. Multiple suites available.
      4202 Riverboat Rd, Taylorsville, UT 84123
      View Details
    • $23 SF/Yr
      37,230 SF

      Taylorsville Office Space Available

      Three Suites, 6,108 - 21,007 SF
      4393 Riverboat Rd, Taylorsville, UT 84123
      View Details
    • $23 SF/Yr
      80,000 SF

      Prime Office Space Available

      Class A Office Building, 80,000 SF
      4215 Riverboat Rd, Murray, UT 84123
      View Details
    • $17 SF/Yr
      56,777 SF

      Taylorsville Office Space For Lease

      West Valley Office Building, Multiple Suites Available
      960 Levoy Dr, Taylorsville, UT 84123
      View Details
    • Contact for pricing
      25,000 SF

      25,000 SF Flex Space Available

      25,000 SF flex space for lease, available August 1, 2023.
      556 W Confluence Ave, Salt Lake City, UT 84123
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5242 College Dr
    Salt Lake City, UT 84123
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.