Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6321 S Redwood Rd Salt Lake City, UT 84123
    Property profile & analytics

    6321 S Redwood Rd Salt Lake City, UT 84123

    View on Map
    • Medical Office Space
    • 37,644 SF
    • 1.87 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Medical/Office Space For Lease For Lease
    $17 SF/Yr
    4,969 SF

    Medical/Office Space For Lease

    9,241 SF suite divisible into smaller units.

    6321 S Redwood Rd, Salt Lake City, UT
    View Listing
    Property ID
    US86-0460907
    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
    $1,135,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jordan Ridge Family Medicine / Medical Clinic
    • Heidi M. Duckworth, MSN / Physician
    • Hemming Kathy J / Physician
    • Gouttsoul Alexander / Employment Agency
    • Spine & Sports Medicine / Physician

    Property Details for 6321 S Redwood Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.87 lot acres
    Property size
    37,644 SF
    Zone code
    MD-3
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    21-22-206-030
    APU
    2122206030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $765,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,507,000
      Market price range: $1.51M - $7.05M

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.938
    Latitude
    40.6364
    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
    2022
    $0.00
    $500
    $500
    $1,000
    -
    $500
    $500
    $1,000

    Comparable in this City

    • Value Estimation by Request
      3,537 SF

      6321 Redwood Rd Ste, Unit 204

      MEDICAL BUILDING • 3,537 SF
      6321 Redwood Rd Ste, Salt Lake City, UT 84123-6972
      View Details
    • Value Estimation by Request
      3,030 SF

      5292 College Dr Ste, Unit 204

      MEDICAL BUILDING • 3,030 SF
      5292 College Dr Ste, Salt Lake City, UT 84123-2960
      View Details
    • Value Estimation by Request
      6,908 SF

      6087 Redwood Rd

      MEDICAL BUILDING • 6,908 SF
      6087 Redwood Rd, Salt Lake City, UT 84123-6853
      View Details
    • Value Estimation by Request
      1,748 SF

      6321 Redwood Rd Ste, Unit 201

      MEDICAL BUILDING • 1,748 SF
      6321 Redwood Rd Ste, Salt Lake City, UT 84123-6972
      View Details
    • Value Estimation by Request
      644 SF

      6321 Redwood Rd Ste, Unit 101

      MEDICAL BUILDING • 644 SF
      6321 Redwood Rd Ste, Salt Lake City, UT 84123-6799
      View Details
    • Value Estimation
      $1,125,000
      25,480 SF

      6243 Redwood Rd

      MEDICAL BUILDING • 25,480 SF
      6243 Redwood Rd, Salt Lake City, UT 84123-6411
      View Details

    Similar Nearby for Sale

    • $7,200,000
      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
    • Contact for pricing
      12,000 SF

      Renovated Office Building with Parking

      24,000 SF renovated office building with parking and storage.
      5121 S Murray Blvd, Salt Lake City, UT 84123
      View Details
    • $4,350,000

      Unique Building Design on Redwood

      Located on Redwood Road with high traffic and freeway access.
      6150 Redwood Rd, Taylorsville, UT 84123
      View Details
    • $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
    • Contact for pricing
      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

    Similar Nearby for Lease

    • $17 SF/Yr
      4,969 SF

      Medical/Office Space For Lease

      9,241 SF suite divisible into smaller units.
      6321 S Redwood Rd, Salt Lake City, 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
      3,372 SF

      Salt Lake City Office Space

      Office space available with ample parking and freeway access.
      5618-5650 S Green St, Salt Lake City, UT 84123
      View Details
    • Contact for pricing
      1,539 SF

      Office Space with Dock Door

      Centrally located office space with easy freeway access.
      960 W Levoy Dr, Salt Lake City, UT 84123
      View Details
    • Contact for pricing
      6,286 SF

      Office Space Near St. Marks

      Office space for rent near St. Marks Hospital.
      3960 S 700 E, Salt Lake City, UT 84123
      View Details
    • $21 SF/Yr
      20,517 SF

      Central Valley Office Space Available

      Office space for rent with immediate occupancy and highway access.
      4246 South Riverboat Rd, Salt Lake City, UT 84123
      View Details
    View Listing
    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.
    6321 S Redwood Rd
    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 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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6321 S Redwood Rd, Salt Lake City, UT, 84123
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!