5101 Commerce DrMurray, UT 84107

Property Details for 5101 Commerce Dr

Year built

2017

Lot size

3.50 AC

Property size (Sq ft)

89,800 SF

Zone code

M-U

Property type

Investment properties

Property subtype

Retail residential properties

APN

21-12-402-027

APU

2112402027

Description

This exceptional office property, the EMI Building, located at 5101 S Commerce Dr in Murray, Utah, 84107, offers flexible space ideal for businesses of various sizes. The building features traditional office suites with multiple tenancy options, ranging from 4,000 to 10,000 square feet. Currently, one space is immediately available. Its strategic location provides unparalleled convenience and accessibility. Situated just one block from Murray Station, tenants benefit from easy access to both TRAX and FrontRunner light rail systems, ensuring seamless commutes for employees and clients. The property also boasts excellent freeway access, simplifying travel throughout the Salt Lake Valley. For employees seeking amenities, the building is conveniently located near the IHC Complex, offering a wide array of healthcare services. Furthermore, a vibrant selection of retail and restaurant options are within close proximity, providing ample choices for lunch breaks, after-work gatherings, or convenient errands. This property presents a unique opportunity to establish a thriving business in a highly desirable and well-connected location within Salt Lake County. The building's traditional office design offers a professional and functional workspace, perfectly suited for a variety of businesses. Contact us today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $26,645,600

  6.5%

  $24,595,900

  7%

  $22,839,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,351,300

  Geo Method

  $18,351,300

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $46,569,100

  Retail / Commercial

  $24,329,100

  Hospitality / Lodging

  $18,505,600

  Office

  $24,818,100

  Institutional / Educational

  $25,696,200

  Residential Income

  $30,064,600

  Multifamily

  $34,097,700

  Automotive / Energy

  $22,025,300

  Parking / Income-Based Land

  $7,251,350

  Restaurant / Food Service

  $13,547,100

  Healthcare / Senior Housing

  $24,860,100

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.6602

Longitude

-111.898

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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