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    The Largest CRE Database in the US with Over 1 Million Listings

    4554 Forestdale Dr, Unit unit G 42 Park City, UT 84098

    Sponsored
    For Sale
    $8,900,000

    COMMERCIAL - Park City, UT

    Type:Retail
    Lot size:
    0.21 Acres
    Days on Market:
    96
    Last Refresh:
    Feb 6 at 10:06 pm

    Property Features for 4554 Forestdale Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Security
    Zoning
    Commercial, Industrial
    APN
    PEIIBCC-42-2AM
    Interior features
    Alarm: Fire, Alarm: Security, Kitchen, Mezzanine: Warehouse, Range/Oven, Refrigerator, Restroom: Private, Restroom: Public, Sprinkler System Fire, Video Camera(s), Smart Thermostat(s)
    Exterior features
    Paved Parking
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Natural Gas, Space Heater
    Cooling system
    Central Air

    Building Details

    Year built
    2019
    Flooring type
    Concrete
    Roof type
    Rubber, Flat

    We can help!

    Listing Contact
    Gregory Miner

    KW Park City Keller Williams Real Estate (435) 649-9882

    Listing agent Gregory Miner (435) 649-9882

    Listing date Nov 3, 2025

    MLS# 2108361

    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

    Spacious Commercial Unit in Park City

    Unit G42 in Park East II is a large commercial condominium unit, equivalent to five typical units within the project, and includes 10 exterior parking spaces. The property is located conveniently between two highway exits from Hwy 40, minutes from Main Street Park City, and near the I-80 interchange to Salt Lake City. The ground floor area is approximately 9,000 square feet. The plat allows the owner to add up to 9,000 square feet of additional second-story space, for a potential total of 18,000 square feet of interior space. Main-level office tenant improvements are under construction in one bay, with a second-floor storage mezzanine above and into an adjacent bay. Two 14-foot overhead garage doors provide interior vehicular access. Ceiling heights accommodate industrial racking applications and climbing walls. The building features multiple doors for egress points and internal/external circulation patterns around the exterior commercial loading dock. Summit County's Service Commercial zoning allows flexibility for an end user. The 0.21-acre property is zoned for commercial and industrial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AAA Housekeeping Hardware & Home Improvement 30 Minute Tire (Bike/Boat/Book/etc) Store Berg Design LLC Architectural Designer Wild Roots Montessori High School Madrona Financial & CPAs Financial Advisor

    Suggested Use

    Hotel & Motel Hair Salon Nail Salon HVAC Service Bar & Pub Cafe & Coffee Shop Car Rental Facility Shopping Center & Mall Home Appliance Store Carpet & Flooring Store

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

    Similar Places Nearby

    SUR On The Go

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Summit
    State
    Utah
    Longitude
    -111.463726
    Latitude
    40.690899

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    FAQs

    What type of property is this?
    Flex space - Large flex/industrial space with expansion potential near highway access.
    Where is this flex space located?
    The property is located at 4554 Forestdale Dr, Unit unit G 42 Park City, UT.
    What is the asking price?
    The asking price for this property is $8,900,000.
    What are key features of this property?
    This property features: - Largest unit in Park East II, encompassing the space of five typical commercial condominium units.; - Includes **10 exterior parking spaces.**; - Potential for up to 18,000 SF of interior space with the addition of a second story.
    (435) 649-9882
    Request Owner's contact information
    4554 Forestdale Dr, Unit unit G 42 Park City, UT 84098
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    Park City, UT 84098
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    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
    4554 Forestdale Dr, Unit unit G 42 Park City, UT 84098
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    We can help!
    Listing Contact
    Gregory Miner
    (435) 649-9882
    Learn more
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