5295 Commerce DrMurray, UT 84107
- Investment 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
- Investment properties
- Property subtype
- Retail residential 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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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