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Property profile & analytics
OFF-MARKET Estimated value $2,715,000
Investment properties

5296 Commerce Dr Salt Lake City, UT 84107-4767

66,949 SF 1.46 ac lot Built 1986
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US86-0565169
Property summary
AI-generated overview

The Commerce Center offers exceptional office space in Salt Lake County. This Class B building boasts 60,615 square feet spread across five stories, providing multiple tenancy options. Currently, 5,979 square feet of vacant space is available, with units ranging from a minimum of 2,472 square feet to a maximum contiguous space of 3,507 square feet. Ideal for businesses seeking flexible and functional suites, the building features move-in ready spaces and recently completed common area renovations. Enhance your company's visibility with crown building signage, easily seen from the nearby I-15 freeway via the 5300 South exit. Ample parking is available, including covered spaces, at a ratio of 3.5 spaces per 1,000 square feet. Additional benefits include basement and storage space. The Commerce Center's convenient location in central Salt Lake County offers easy access to public transportation, being less than a 15-minute walk from the Murray Central Trax/Frontrunner station. This presents a compelling opportunity for businesses seeking a well-maintained, highly visible, and conveniently located office space in a thriving market.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1986
Construction CONCRETE
Total area 66,949 SF
Lot 1.46 ac (63,598 SF)
Zoning code C-D-C
APN 21-12-451-002
UPID US86-0565169
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • EnRoute Software (Bike/Boat/Book/etc) Store Corporate Office
  • Purser & Associates Accounting Firm Tax Preparation
  • Tanner Clinic - Murray Medical Clinic
  • Utah Parent Center Charitable Organization Social Service Agency
  • Berry & TrippBankruptcy Attorneys Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.72M
Owner & transaction history
Fsp2 Commerce LLC · 7 yrs held
Fsp2 Commerce LLC
since 2019
4 recorded transactions
2019
Price N/A
2011
Price N/A
1995
Price N/A
1969
Price N/A
Zoning & alternative use
C-D-C · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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