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    Property profile & analytics

    7611 S Jordan Landing Blvd West Jordan, UT 84084

    • Medical offices
    • 14,716 SF
    • 1.18 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $760,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1418201
    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

    • Medical offices

    Property Details for 7611 S Jordan Landing Blvd

    Year built
    2002
    Construction
    WOOD FRAME
    Lot size
    1.18 lot acres
    Property size
    14,716 SF
    Zone code
    SC-2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    21-29-351-003
    APU
    2129351003

    Description

    This exceptional office space at 7611 South Jordan Landing Boulevard in West Jordan, Utah, 84084 offers three available suites ranging from 1,500 to 4,166 rentable square feet. The property features a variety of configurations to suit diverse business needs. Suite 130, at 1,500 square feet, includes four private offices, a reception area, kitchenette, private bathroom, and sinks. Suite 202, also 1,500 square feet, offers three offices, an open workspace, and a breakroom. Suite 200 provides 2,666 square feet with eight offices, a reception area, and a breakroom. Suites 200 and 202 can be combined for a total of 4,166 square feet, providing maximum flexibility. The building boasts a convenient 5/1000 parking ratio, ensuring ample parking for tenants and their clients. Accessibility is ensured with an elevator, complying with ADA standards. Security features include 24/7 card access. A prominent monument sign enhances visibility and branding opportunities. The location offers easy access to Bangerter Highway via 7000 South and 7800 South, placing businesses near the vibrant Jordan Landing shopping, dining, and entertainment district. The rental rate is $15 per square foot, triple net (NNN).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $705,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $815,000
      Market price range: $703k - $1.37M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,005,000
      Current use
      AUTO REPAIR, GARAGE
      $1,175,000
      Change: +17% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,080,000
      Change: +7% Conversion: Easy
      WAREHOUSE, STORAGE
      $890,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Jordan
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.984
    Latitude
    40.6132
    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
    $28,549
    $1,053,700
    $1,793,500
    $2,847,200
    -
    $1,053,700
    $1,793,500
    $2,847,200

    Comparable in this City

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    • Value Estimation
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      21,432 SF

      7555 Ctr Vw Ct

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      7478 Campus Vw Dr Ste, Unit 200

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      1,460 SF

      1561 7000th S Ste, Unit 201

      MEDICAL BUILDING • 1,460 SF
      1561 7000th S Ste, West Jordan, UT 84084-3556
      View Details
    • Value Estimation by Request
      2,700 SF

      7478 Campus Vw Dr Ste, Unit 202

      MEDICAL BUILDING • 2,700 SF
      7478 Campus Vw Dr Ste, West Jordan, UT 84084-1969
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.75 Acres

      Jordan Landing Development Site

      West Jordan, UT: Prime Commercial Land Parcels
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      View Details
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      3,759 SF

      West Jordan Medical Office Suite

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      West Jordan Commercial Property Available

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      Land Parcels Ready for Development

      Land parcels available for office or medical development.
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    Similar Nearby for Lease

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      Retail space available in a high-traffic West Jordan center.
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    • $24 SF/Yr
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      Class A office space for rent in Taylorsville, Utah.
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      Centrally Located Salt Lake Valley Office

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    West Jordan, UT 84084
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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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