Property profile

8860 S Redwood Rd West Jordan, UT 84088

FOR LEASE
Strip malls
Property ID
US86-1467509
20,079 SF 1.67 ac lot Built 2017
Entity Owned 9-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 20,000 square foot, single-story Class A commercial building, constructed and renovated in 2018, is located at 8860 South Redwood Road in West Jordan, Utah (zip code 84088). The property boasts a highly visible location with 37,649 average daily traffic counts along Redwood Road, ensuring excellent exposure for your business. The building features five suites, with a minimum divisible space of 2,190 square feet and a maximum contiguous space of 14,750 square feet currently available for lease. Suite sizes range from 2,190 square feet to 7,492 square feet, offering flexibility for various business needs. The building is zoned SC-2 and has an impressive 18-foot ceiling height. Ample parking is provided with 180 spaces, a generous 5.00 spaces per 1,000 square feet. Additional features include street pylon signage and a tenant improvement allowance. The property's location in Salt Lake County (APN 27-03-176-035-0000) offers easy access to major transportation routes. The building's property tax rate is $1.23 per square foot. The building is suitable for various uses, including medical office, creative office, retail, and restaurant spaces. This is a rare opportunity to secure prime commercial space in a thriving West Jordan location. Lease rate is $18.00 NNN.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2017
Construction WOOD FRAME
Total area 20,079 SF
Lot 1.67 ac (72,745 SF)
Zoning code SC-2
APN 27-03-176-035
UPID US86-1467509

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Alternative Medicine Practice
  • Gym & Fitness Center
  • Nail Salon
  • Restaurant

Location

8860 S Redwood Rd West Jordan, UT 84088
West Jordan metro Census 112920 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$900k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$980k

Owner & transaction history

since 2016
5 recorded transactions
2022
Price N/A
2019
Price N/A
2016
Price N/A
2008
Price N/A
2005
Price N/A

Zoning & alternative use

SC-2 · West Jordan, UT
Zoning description

The community shopping center zone is established to provide an area in which a general shopping center facility can be established to satisfy the specialty shopping needs of a community or a group of neighborhoods

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $1.6M +75.0%
Retail stores $1.5M +69.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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