8831 Redwood RdWest Jordan, UT 84088

Property Details for 8831 Redwood Rd

Year built

2007

Lot size

0.01 AC

Property size (Sq ft)

2,360 SF

Zone code

PO

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

27-03-254-024

APU

2703254024

Description

This exceptional West Jordan office condo, located at 8831 S Redwood Rd, Suite D, in Salt Lake County, Utah, presents a unique investment opportunity. Boasting a total area of 2,877 square feet, the property features a desirable end-unit location, maximizing natural light. The layout includes a spacious main/level basement suite of 1,918 square feet and an upper-level suite of 959 square feet, offering flexibility for various business needs. Three private restrooms are conveniently located within the unit. Access is provided via a basement entrance. The building enjoys high visibility on Redwood Road, ensuring excellent brand exposure. Its strategic location offers easy access to I-15 at 9000 South, providing convenient commutes for employees and clients. Furthermore, the property benefits from its proximity to the Third District Court and West Jordan City Offices, as well as numerous restaurants and retail outlets, creating a vibrant and convenient work environment. The asking price for this well-appointed office space is $630,000. This is a rare opportunity to acquire a highly desirable and well-situated office condo in a thriving West Jordan location (zip code 84088).

• CAP approach

  CAP return

  Valuation

  6%

  $773,100

  6.5%

  $713,631

  7%

  $662,657

• Comparable approach

  Method

  Valuation

  Relative Method

  $732,880

  Geo Method

  $732,880

• Alternative Use

  Use

  Valuation

  Residential

  $713,631

  Hospitality

  $653,682

  Educational

  $543,856

  Medical

  $562,560

  Retail

  $845,998

Location Insight

City

West Jordan

County

Salt Lake

State

Utah

Latitude

40.5908

Longitude

-111.938

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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