488 Winchester StMurray, UT 84107

Property Details for 488 Winchester St

Year built

1988

Construction

CONCRETE

Lot size

2.30 AC

Property size (Sq ft)

56,114 SF

Zone code

C-2

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

22-19-256-029

APU

2219256029

Description

This exceptional four-story, Class B office building, totaling 54,441 square feet, is located at 488 E. Winchester St, Murray, UT 84107. Built in 1989 and renovated in 2012, the property offers multiple tenancy options with a minimum divisible space of 2,000 square feet and currently has 7,053 square feet of vacant space available. The building features two elevators, 9-foot ceilings, and ample parking (3.5 spaces per 1,000 square feet). Its prime location along the I-215 corridor provides easy access to I-15, placing it ideally within the mid-valley region. Many suites boast stunning views of the Wasatch and Oquirrh Mountains. The property's proximity to Fashion Place Mall, various dining and retail options, a UTA bus route, and a nearby Trax station adds significant appeal. On-site professional management ensures efficient building operations. This is a must-see property for businesses seeking a well-maintained, conveniently located office space in Murray, Utah.

• CAP approach

  CAP return

  Valuation

  6%

  $18,381,942

  6.5%

  $16,967,946

  7%

  $15,755,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,425,782

  Geo Method

  $17,425,782

• Alternative Use

  Use

  Valuation

  Residential

  $16,967,946

  Hospitality

  $15,542,548

  Educational

  $12,931,217

  Medical

  $13,375,942

  Retail

  $20,115,226

Location Insight

City

Salt Lake City

County

Salt Lake

State

Utah

Latitude

40.6314

Longitude

-111.877

CBSA code

41620

CBSA name

SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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