4424 700Murray, UT 84107

Property Details for 4424 700

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.18 AC

Property size (Sq ft)

24,184 SF

Zone code

RM

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

22-06-280-016

APU

2206280016

Description

This updated 2,690 square foot traditional office space is available for sublease at a starting rate of $17.00 per square foot, full-service. Located in Salt Lake County's Central Valley East submarket, this single-tenancy property at 4424 S 700 E, Murray, UT 84107 boasts a highly convenient location, just minutes from freeway access. The space is immediately available and comes in move-in ready condition. Furniture may be included as part of the lease agreement. The lease term expires on November 30, 2025. This presents a fantastic opportunity for businesses seeking a well-maintained, efficiently located office space in a thriving area. The property is situated in a desirable submarket, offering easy access to major transportation routes and various amenities. Interested parties should inquire promptly to secure this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $7,922,182

  6.5%

  $7,312,784

  7%

  $6,790,442

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,510,160

  Geo Method

  $7,510,160

• Alternative Use

  Use

  Valuation

  Residential

  $7,312,784

  Hospitality

  $6,698,470

  Educational

  $5,573,048

  Medical

  $5,764,714

  Retail

  $8,669,187

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.6754

Longitude

-111.872

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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