5242 College DrSalt Lake City, UT 84123

Property Details for 5242 College Dr

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.90 AC

Property size (Sq ft)

37,077 SF

Zone code

G-O

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

21-12-353-015

APU

2112353015

Description

The Cloverland Building, located at 5242 South College Drive in Murray, Utah, presents a compelling opportunity for businesses seeking office space in Salt Lake County. This Class B building, constructed in 1986, offers a total of 37,077 square feet across three stories, situated on a 1.9-acre lot. The property is zoned G-O and features a single building with multiple tenancies. Spaces are available ranging from a minimum of 1,988 square feet to a maximum contiguous space of 5,543 square feet, providing flexibility for various business needs. Currently, three individual spaces are available for lease. The building's address is 5242 South College Drive, Murray, UT 84123, with the APN listed as 2112353015. This traditional office building also offers executive office suites, catering to a range of business sizes and preferences. The property is conveniently located in Salt Lake City's vibrant Murray area, offering easy access to major transportation routes and amenities. This is an excellent opportunity to secure office space in a well-maintained building with a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,145,707

  6.5%

  $11,211,421

  7%

  $10,410,606

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,513,984

  Geo Method

  $11,513,984

• Alternative Use

  Use

  Valuation

  Residential

  $11,211,421

  Hospitality

  $10,269,602

  Educational

  $8,544,188

  Medical

  $8,838,036

  Retail

  $13,290,959

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.6569

Longitude

-111.906

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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