5295 Commerce DrMurray, UT 84107

  • Mixed-use properties
  • 153,559 SF
For Lease
$25.50/SF/YR View listing

Property Details for 5295 Commerce Dr

Year built
1987
Lot size
3.85 AC
Property size (Sq ft)
153,559 SF
Zone code
CDC
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
21-12-452-011
APU
2112452011

Description

Sky Pointe, a landmark Class A office building in Murray, Utah, offers 152,716 square feet of executive office space. Built in 1987 and boasting seven stories, this steel and glass structure is situated on a 3.86-acre lot at 5295 Commerce Dr, 84107, in the Central Valley West submarket. The building features a newly renovated atrium lobby and common areas, including an on-site fitness center. Two suites are currently available, ranging from a minimum of 7,091 square feet to a maximum contiguous space of 27,299 square feet

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $50,302,960
    6.5%
    $46,433,500
    7%
    $43,116,824
  • Comparable approach

    Method
    Valuation
    Relative Method
    $47,686,596
    Geo Method
    $47,686,596
  • Alternative Use

    Use
    Valuation
    Residential
    $46,433,500
    Hospitality
    $42,532,836
    Educational
    $35,386,820
    Medical
    $36,603,828
    Retail
    $55,046,168
5295 Commerce Dr, Murray, Utah

Location Insight

City
Salt Lake City
County
Salt Lake
State
Utah
Latitude
40.6559
Longitude
-111.899
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
$155,146
$3,491,000
$14,635,600
$18,126,600
-
$3,491,000
$14,635,600
$18,126,600

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