Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    431 E Main St Vernal, UT 84078

    View on Map
    Sponsored
    For Sale
    $2,200,000

    COMMERCIAL - Vernal, UT

    Type:Office
    Property size:
    20,165 SF
    Lot size:
    1.60 Acres
    Days on Market:
    39
    Last Refresh:
    Mar 6 at 3:06 pm

    Property Features for 431 E Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Window features
    Blinds
    Zoning
    Multi-Family, Commercial
    Rooms
    Basement
    APN
    05020067/050201017
    Interior features
    Alarm: Fire, Basement, Comm. Wiring, Dishwasher, Kitchen, Mezzanine: Office, Range/Oven, Refrigerator, Restroom: Public, Video Camera(s)
    Exterior features
    Paved Parking
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Real Estate
    Size
    20,165 SF
    Lot size
    1.60 Acres

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Flooring type
    Carpet, Tile
    Roof type
    Metal

    We can help!

    Listing Contact
    Shannon Dixon

    Premier Real Estate (435) 724-0778

    Listing agent Shannon Dixon (435) 781-2500

    Listing date Jan 27, 2026

    MLS# 2103662

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Commercial Building in Vernal

    This commercial building is located in Vernal, Utah, offering an excellent location with ample parking. The property includes an additional tax ID (05:020:0107) for the parking lot. The main building, known as White House Academy, was built in approximately the 1970s, with an addition (HUB) constructed in the 1980s and remodeled in 2020. Building #1 has 12,131 square feet, while building #2 has 8,034 square feet. The zoning is CC1, with the north quarter of parcel #1 zoned as R4. The lot size is 1.6 acres. The possibilities for this property are endless. Excluded from the sale are all furniture and equipment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sent Life Fellowship Church Cozelos Data (Bike/Boat/Book/etc) Store Papered Click Data Center Abundant Wealth Financial Advertising Agency Community Banks Mortgage ... Loan Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vernal
    County
    Uintah
    State
    Utah
    Longitude
    -109.520491
    Latitude
    40.45622

    Nearby Similar for Sale

    • $615,000
      0.92 Acres

      Vernal Office Building For Sale

      Office building in Vernal, Utah, suitable for various business purposes.
      235 W Main St, Vernal, UT 84078
      View Details
    • $1,495,000
      19,756 SF

      Vernal Commercial Industrial Investment Opportunity

      Well-maintained 8-unit commercial building near Vernal Regional Airport.
      1001 E 450 S, Vernal, UT 84078
      View Details
    • $2,995,000
      37,050 SF

      Vernal Commercial Industrial Building For Sale

      Well-maintained 5-unit commercial building near Vernal Regional Airport.
      1002 E 450 S, Vernal, UT 84078
      View Details
    • New
      $3,300,000
      1,141.61 Acres

      Diamond Mountain Ranch Getaway

      1,141.61 acres of unspoiled beauty on Diamond Mountain.
      17253 E Limestone Co Rd, Vernal, UT 84078
      View Details
    • $720,000
      3,000 SF

      Historic Restaurant with Modern Updates

      Charming, updated restaurant with indoor/outdoor seating and ample parking.
      189 S Vernal Ave, Vernal, UT 84078
      View Details
    • $499,000
      4,085 SF

      Profitable Vernal C-Store Opportunity

      Profitable convenience store with fueling stations on a corner lot.
      1175 Highway 40 W, Vernal, UT 84078
      View Details
    • Contact for pricing
      10,600 SF

      Highway 40 Retail Redevelopment Opportunity

      Retail property on Highway 40 with redevelopment potential.
      825 Highway 40 W, Vernal, UT 84078
      View Details
    • Contact for pricing
      11,133 SF

      Vernal Industrial Property For Sale

      Industrial property available for sale in Vernal, Utah.
      1878 S 1500 E, Vernal, UT 84078
      View Details
    • $499,000
      4,085 SF

      Prime Vernal Retail/Flex Space

      High-Traffic Hwy 40 Location, $499,000
      1175 Highway 40, Vernal, UT 84078
      View Details
    • $550,000
      9.70 Acres

      Vernal Commercial Land & Home

      9.7 Acres, Hwy 40 Retail Opportunity
      2091 1500, Vernal, UT 84078
      View Details
    • $89,000
      0.14 Acres

      Vernal Pet Business Opportunity

      Established Pet Grooming & Boarding Business
      Vernal, UT 84078
      View Details
    • $350,000
      0.30 Acres

      Vernal Office Building - Prime Location

      Charming Office Building, Great Potential, 0.3 Acres
      55 400, Vernal, UT 84078
      View Details

    FAQs

    What type of property is this?
    Office building - Commercial building with parking in excellent Vernal location.
    Where is this office building located?
    The property is located at 431 E Main St Vernal, UT.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - Prime commercial building with excellent location.; - Substantial square footage: Building #1 (12,131 sq. ft) and **Building #2 (8,034 sq. ft)**.; - Ample parking with additional tax ID included for parking lot.
    (435) 781-2500
    Request Owner's contact information
    431 E Main St Vernal, UT 84078
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    431 E Main St
    Vernal, UT 84078
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    431 E Main St Vernal, UT 84078
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Shannon Dixon
    (435) 781-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!