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    Property profile & analytics

    5353 S 960 E Murray, UT 84117

    • Investment properties
    • 41,852 SF
    • 2.05 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Last Sale
    Mar 14, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0141150
    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

    • Docu Prep Inc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Rocky Mountain Data Control / (Bike/Boat/Book/etc) Store / Corporate Office
    • Simpson & Company / Accounting Firm / Tax Preparation
    • Jason Dayne Petersen / Physician / Medical Clinic
    • Dr. Doug Goldsmith / Medical Clinic / Physician

    Property Details for 5353 S 960 E

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.05 lot acres
    Property size
    41,852 SF
    Zone code
    CDC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    22-08-380-054
    APU
    2208380054

    Description

    Sports Park Plaza offers exceptional office space in a highly desirable location. This traditional office building boasts a total of 37,926 square feet, with multiple tenancy options available. Three spaces are currently available, ranging from a minimum of 2,703 square feet to a maximum contiguous space of 4,113 square feet. The building features a stunning atrium lobby offering panoramic elevated eastside views, providing a bright and welcoming atmosphere for tenants and visitors. Its convenient location offers easy access to major transportation arteries, including I-15 and I-215 freeways, minimizing commute times for employees and clients. The surrounding area is rich with amenities, including a variety of restaurants and dining options, ensuring convenience and a vibrant work environment. Furthermore, the property's proximity to the Sports Mall Tennis Club & Athletic Center and several golf courses adds to its appeal. Ample parking is provided on-site, eliminating parking hassles for tenants and guests. This is an excellent opportunity to secure high-quality office space in a thriving and well-connected area. The building's strategic location and attractive features make it an ideal choice for businesses seeking a productive and comfortable workspace. Contact us today to learn more about available spaces and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.864
    Latitude
    40.6544
    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
    $46,479
    $979,900
    $4,341,100
    $5,321,000
    -
    $979,900
    $4,341,100
    $5,321,000

    Comparable in this City

    • Value Estimation
      $1,655,000
      58,023 SF

      4885 900th E

      STORE/OFFICE (MIXED USE) • 58,023 SF
      4885 900th E, Salt Lake City, UT 84117-5746
      View Details
    • Value Estimation by Request
      157 SF

      4885 900th E, Unit 313

      STORE/OFFICE (MIXED USE) • 157 SF
      4885 900th E, Salt Lake City, UT 84117-5746
      View Details
    • Value Estimation
      $1,715,000
      24,012 SF

      5320 900th E

      STORE/OFFICE (MIXED USE) • 24,012 SF
      5320 900th E, Salt Lake City, UT 84117-7250
      View Details
    • Value Estimation by Request
      784 SF

      4900 Memory Ln

      STORE/OFFICE (MIXED USE) • 784 SF
      4900 Memory Ln, Salt Lake City, UT 84117-6231
      View Details
    • Value Estimation by Request
      509 SF

      4885 900th E Ste, Unit 210

      STORE/OFFICE (MIXED USE) • 509 SF
      4885 900th E Ste, Salt Lake City, UT 84117-3912
      View Details
    • Value Estimation by Request
      720 SF

      4885 900th E Ste, Unit 211

      STORE/OFFICE (MIXED USE) • 720 SF
      4885 900th E Ste, Salt Lake City, UT 84117-5770
      View Details

    Similar Nearby for Sale

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      Class A Millcreek Medical Office Condo

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      Millcreek Office Building For Sale

      Located in Millcreek, this office building is 100% occupied.
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      Murray/Holladay Condo with Basement

      Main-level condo in gated community with unfinished basement.
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      Charming 3-bed, 3-bath condo in a secluded Holladay community.
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    Similar Nearby for Lease

    • $16 SF/Yr
      1,750 SF

      Millcreek Office Space For Rent

      Office space in Millcreek with high traffic and signage.
      4698 S Highland Dr, Holladay, UT 84117
      View Details
    • Contact for pricing
      2,304 SF

      Retail Space in Established Area

      Retail spaces available in high-traffic, high-income Salt Lake City.
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      View Details
    • $23 SF/Yr
      9,950 SF

      Millcreek Creative Office Space

      Ground-level suite, high traffic area.
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      View Details
    • Contact for pricing
      1,352 SF

      Holladay Office Space For Rent

      Office space available in a prestigious Holladay location.
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      View Details
    • Contact for pricing

      Commercial Land for Lease

      22,651 SF commercial land with build-to-suit options.
      955 E Woodoak Ln, Murray, UT 84117
      View Details
    • $35 SF/Yr
      2,900 SF

      Prime Office Space in Holladay

      Office space near Holladay City buildings with natural light.
      4609 S 2300 E, Salt Lake City, UT 84117
      View Details
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    Murray, UT 84117
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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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