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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    921 Executive Park Dr Salt Lake City, UT 84117-7262

    • Investment properties
    • 7,600 SF
    • 1.75 lot acres
    OFF-MARKET
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0152585
    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

    • Meier Joseph V DDS / Dental Office
    • Salon 921 / Hair Salon / Nail Salon
    • Cross The Line Esthetics / Hair Salon / Nail Salon
    • Quantum Nature Care / Physician
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 921 Executive Park Dr

    Year built
    1981
    Construction
    WOOD FRAME
    Lot size
    1.75 lot acres
    Property size
    7,600 SF
    Zone code
    CDC
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    22-08-380-028
    APU
    2208380028

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,042,000
      Market price range: $328k - $1.17M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $680,000
      Current use
      MEDICAL BUILDING
      $1,040,000
      Change: +54% Conversion: Easy
      RESTAURANT
      $855,000
      Change: +27% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.865
    Latitude
    40.6546
    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
    $17,667
    $1,678,400
    $344,200
    $2,022,600
    -
    $1,678,400
    $344,200
    $2,022,600

    Comparable in this City

    • Value Estimation by Request
      453 SF

      4885 900th E Ste, Unit 209

      STORE/OFFICE (MIXED USE) • 453 SF
      4885 900th E Ste, Salt Lake City, UT 84117-5771
      View Details
    • Value Estimation by Request
      683 SF

      4885 900th E Ste 305b

      STORE/OFFICE (MIXED USE) • 683 SF
      4885 900th E Ste 305b, Salt Lake City, UT 84117-3908
      View Details
    • Value Estimation by Request
      4,212 SF

      4970 900th E

      STORE/OFFICE (MIXED USE) • 4,212 SF
      4970 900th E, Salt Lake City, UT 84117-5776
      View Details
    • Value Estimation
      $1,310,000
      29,280 SF

      1011 Murray Holladay Rd

      STORE/OFFICE (MIXED USE) • 29,280 SF
      1011 Murray Holladay Rd, Salt Lake City, UT 84117-4986
      View Details
    • Value Estimation
      $815,000
      5,378 SF

      5366 Executive Park Dr

      STORE/OFFICE (MIXED USE) • 5,378 SF
      5366 Executive Park Dr, Salt Lake City, UT 84117-7277
      View Details
    • Value Estimation
      $510,000
      8,930 SF

      1414 Murray Holladay Rd

      STORE/OFFICE (MIXED USE) • 8,930 SF
      1414 Murray Holladay Rd, Salt Lake City, UT 84117-5037
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,124 SF

      Highland Drive Office Space For Sale

      Office spaces for sale near St. Marks Hospital.
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      2,106 SF

      Holladay Condo with Mountain Views

      Charming 3-bed, 3-bath condo in a secluded Holladay community.
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    • Contact for pricing
      8,081 SF

      Two-Story Building with Drive-Thru Lanes

      Two-story building with three drive-thru lanes and one ATM lane.
      4900 S Highland Dr, Salt Lake City, UT 84117
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    • $649,900
      0.33 Acres

      Prime Commercial Lot in Murray

      High visibility commercial lot with direct access to I-15.
      4584 S Commerce Dr W, Murray, UT 84117
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    • $4,200,000
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      Holladay Retail Center Investment

      Prime Holladay storefront, high visibility.
      4900 Highland Dr, Holladay, UT 84117
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    • $1,200,000
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      Class A Millcreek Medical Office Condo

      Prime Millcreek medical office, owner-user opportunity.
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    Similar Nearby for Lease

    • $12 SF/Yr
      10,810 SF

      Holladay Executive Office Suites

      Prime Cottonwood office space available.
      2091 Murray-Holladay Rd, Holladay, UT 84117
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    • Contact for pricing
      2,815 SF

      Furnished Office Space Available

      Furnished office space with conference room in mid-valley location.
      999 E Murray Holladay Rd, Salt Lake City, UT 84117
      View Details
    • $395 /Mo
      10,474 SF

      Holladay Office Space For Rent

      Second-floor office space near downtown Holladay with included utilities.
      4609 South East Pl East, Salt Lake City, UT 84117
      View Details
    • $19 SF/Yr
      37,926 SF

      Office Space with Atrium Lobby

      Office space featuring an atrium lobby and panoramic views.
      5353 South East Pl East, Salt Lake City, UT 84117
      View Details
    • Contact for pricing
      20,000 SF

      The Royce on 9th: Prime Retail Opportunity

      Salt Lake City retail space, multiple tenants, build-to-suit available.
      4670 South Brg, Salt Lake City, UT 84117
      View Details
    • $14 SF/Yr
      1,343 SF

      Professional/Medical Office Space Available

      Professional/Medical office space for rent near St. Marks Hospital.
      4568 S Highland Dr, Salt Lake City, UT 84117
      View Details
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    921 Executive Park Dr
    Salt Lake City, UT 84117-7262
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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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