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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Parking lots & garages
9350 150th E Sandy, UT 84070-2702
Entity Owned
20-yr Hold
Free & Clear
Property ID
US86-0559120
Property summary
AI-generated overview
Jordan Commons offers exceptional Class A executive office space in Sandy, Utah. This prestigious ten-story office tower boasts 39,538 square feet of total building space, with 24,938 square feet currently available for lease. Multiple suites are available, ranging from a minimum of 4,284 square feet to a maximum contiguous space of 11,125 square feet. The building features a stunning two-story lobby, true Class A finishes, and panoramic views. Enjoy convenient access to I-15 and the UTA TRAX light rail (Sandy Expo) station, making commuting a breeze. This Transit Oriented Development (TOD) is ideally situated next to the Mountain America Exposition Center and Rio Tinto Stadium, offering unparalleled convenience and visibility. On-site amenities include restaurants, ample free structured parking, and meeting spaces, enhancing employee experience and productivity. The location's proximity to hotels, retail services, and numerous restaurants makes it an attractive address for businesses seeking to attract and retain top talent. This is a prime opportunity to secure high-quality office space in a vibrant and thriving location.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
259,504 SF
Lot
13.37 ac (582,397 SF)
Zoning code
SD
APN
28-06-353-005
UPID
US86-0559120
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Oracle (Bike/Boat/Book/etc) Store Corporate Office
-
Axiom Financial Loan Service Bank
-
Guaranteed Rate: Sean Knudsen Loan Service Bank
-
Strong & Hanni PC Law Firm
-
Qqest Software Systems (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.00M
Owner & transaction history
Sandy City · 20 yrs held
Sandy City
since 2006
7 recorded transactions
Zoning & alternative use
SD · Sandy, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sandy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$3,060,000
Current use
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$12 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$609,792
Tax year 2023
Assessed value
$61,845,000
Assessed 2023
Previous assessed
$61,845,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$13,831,900
Assessed improvement
$48,013,100
Land market value
$13,831,900
Improvement market value
$48,013,100
Total market value
$61,845,000
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
8
Stories
2
Units
736
Total area
259,504 SF
Lot
13.37 ac (582,397 SF)
Zoning code
SD
APN
28-06-353-005
UPID
US86-0559120
Jurisdiction
SALT LAKE
Zoning & alternative use
SD · Sandy, UTZoning SD · permitted uses
SD · Sandy, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$3.1M
PARKING LOT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
2
Buildings
8
Units
736
Lot
13.37 ac
Current owner
From public records · entity-resolved
Sandy City
Entity
Free & Clear · 20 yrs held
Mailing address
9350 S 150TH E, SANDY, UT 84070-2702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2023
—
Jordan Commons Funding LLC
—
Deed
related
$15,700,000 · Bank Of America NA
Jul 30, 2020
—
Jordan Commons Funding LLC
—
Deed
related
$20,000,000 · Bank Of America
Aug 10, 2006
—
Sandy City
Jordan Commons Funding LLC
Warranty Deed
—
May 19, 2005
—
Jordan Commons Funding LLC
Jordan Commons LLC
Quit Claim Deed
related
$66,500,000 · Bank Of America NA Bank Of America NA
May 17, 2005
—
Jordan Commons LLC
Jordan Commons LLC
Quit Claim Deed
related
—
—
—
Jordan Commons Funding LLC
—
Loan Modification
related
$32,000,000 · Bank Of America
—
—
Jordan Commons Funding LLC
—
Deed Of Trust
related
$20,000,000 · Bank Of America
—
—
Jordan Commons Funding LLC
—
Deed Of Trust
related
$57,271,150 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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