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    5295 Commerce Dr Salt Lake City, UT 84107-4754

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    5295 Commerce Dr Salt Lake City, UT 84107-4754

    View on Map
    • Investment properties
    • 153,559 SF
    • 3.85 lot acres
    Off-Market
    Last Sale Jan 15, 2020
    $599,000
    Property ID
    US86-1331967
    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
    $910,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mott MacDonald / General Contractor
    • GT Title Services / Title Company
    • Kawsah / Real Estate Agency
    • Top Law Utah / Law Firm
    • Safeguard Global Recruiting / Employment Agency

    Property Details for 5295 Commerce Dr

    Year built
    1987
    Lot size
    3.85 lot acres
    Property size
    153,559 SF
    Zone code
    CDC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    21-12-452-011
    APU
    2112452011

    Description

    Sky Pointe, a landmark Class A office building in Murray, Utah, offers 152,716 square feet of executive office space. Built in 1987 and boasting seven stories, this steel and glass structure is situated on a 3.86-acre lot at 5295 Commerce Dr, 84107, in the Central Valley West submarket. The building features a newly renovated atrium lobby and common areas, including an on-site fitness center. Two suites are currently available, ranging from a minimum of 7,091 square feet to a maximum contiguous space of 27,299 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.899
    Latitude
    40.6559
    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
    $155,146
    $3,491,000
    $14,635,600
    $18,126,600
    -
    $3,491,000
    $14,635,600
    $18,126,600

    Comparable in this City

    • Value Estimation
      $715,000
      14,892 SF

      167 6100th S

      STORE/OFFICE (MIXED USE) • 14,892 SF
      167 6100th S, Salt Lake City, UT 84107-7260
      View Details
    • Value Estimation
      $1,305,000
      25,780 SF

      302 5400th S

      STORE/OFFICE (MIXED USE) • 25,780 SF
      302 5400th S, Salt Lake City, UT 84107-5893
      View Details
    • Value Estimation
      $3,355,000
      28,488 SF

      5280 Commerce Dr

      STORE/OFFICE (MIXED USE) • 28,488 SF
      5280 Commerce Dr, Salt Lake City, UT 84107-7929
      View Details
    • Value Estimation
      $1,165,000
      34,320 SF

      4455 700th E

      STORE/OFFICE (MIXED USE) • 34,320 SF
      4455 700th E, Salt Lake City, UT 84107-3153
      View Details
    • Value Estimation
      $980,000
      20,186 SF

      339 3900th S

      STORE/OFFICE (MIXED USE) • 20,186 SF
      339 3900th S, Salt Lake City, UT 84107-1677
      View Details
    • Value Estimation
      $2,060,000
      69,014 SF

      50 3900th S

      STORE/OFFICE (MIXED USE) • 69,014 SF
      50 3900th S, Salt Lake City, UT 84107
      View Details

    Similar Nearby for Sale

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      0.87 Acres

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      60,723 SF

      Office Building with I-15 Visibility

      60,723 SF office building with immediate occupancy available.
      5296 Commerce Dr, Murray, UT 84107
      View Details
    • $3,500,000
      0.58 Acres

      Two-Story Office Building in Murray

      Two-story office building with long-term lease and future development potential.
      4252 S 700 E, Murray, UT 84107
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      24,846 SF

      Multifamily Community in Murray, Utah

      Well-located multifamily community with income and appreciation potential.
      247 Vine St, Murray, UT 84107
      View Details
    • $4,791,600

      Land Positioned for Development

      Land suitable for mixed-use development in a growing area.
      700 E 3900 S, Salt Lake City, UT 84107
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Near TOSH Hospital

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      Office Space Available For Rent

      Office property available for rent in Murray, Utah.
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      Luxury Studios for Med Spa Professionals

      Elevated spa experience with studios for rent in Murray.
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      View Details
    • Contact for pricing
      8,153 SF

      Murray Office Space For Rent

      Office space with abundant parking and easy transit access.
      120 W Vine St, Murray, UT 84107
      View Details
    • $25 SF/Yr

      Professional Office Space Available

      Office space in Central Point Plaza, Taylorsville, Utah.
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      View Details
    • Contact for pricing
      5,024 SF

      Flex Industrial and Retail Space

      New development with flex, industrial, and retail spaces available.
      249 S 5600 W, Salt Lake City, UT 84107
      View Details
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    Salt Lake City, UT 84107-4754
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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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