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Mixed-Use Property with Restaurant

1000 W Sr 9, Virgin, UT 84779

For Sale
$4,000,000

Restaurant, gift shop, petting zoo, and living quarters share a commercial property along SR-9.

Property Size8,500 SF
Price / SF$470.59
Days on Market693

Property Features for 1000 W Sr 9

General Information

Standard status Active
Size 8,500 SF
Property subtype Commercial
Zoning Commercial

Site & Location

Highway Access Yes
Mixed-Use Components retail, restaurant, residential

Additional Details

Furnished Yes
Business Included Yes
Equipment Included Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $3,689

Building Details

Building Size 8,500 SF
Year Built 1998
Stories 1
Listing Agency: WHITE CROW REAL ESTATE
Listed By: SHELLEE Annette HAINES · License #75474
Source: Hindihometeam
Added: Dec 17, 2024 Changed: Nov 8 Last Checked: Nov 8 at 3:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WHITE CROW REAL ESTATE

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property combines a restaurant, gift shop, petting zoo, and living quarters. The sale includes the business and real estate, with furniture, fixtures, and equipment included; inventory is handled separately. The property was built in 1998 and is zoned Commercial.

Located at 1000 W SR 9 in Virgin, Utah, the property fronts SR-9 and backs up to BLM land. Zion National Park is identified as a regional tourist draw.

Key Highlights

  • Restaurant, gift shop, petting zoo, and living quarters on one property
  • Sale includes the business, real estate, and FF&E; inventory is separate
  • Built in 1998

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$163,847
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,276,940 $3.3M
Cap Rate 7%
$2,340,671 $2.3M
Cap Rate 9%
$1,820,522 $1.8M
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$221.3K $26.04/SF
− Vacancy
−$2.9K −$0.34/SF
EGI
$218.5K $25.70/SF
− OpEx
−$54.6K −$6.43/SF
NOI
$163.8K $19.28/SF
Area
Washington County, UT
Vacancy
1.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,276,940
Cap Rate 7%
$2,340,671
Cap Rate 9%
$1,820,522

Alternative Uses

Best Use
Specialty Retail
$2.34M
$2.05M – $2.73M (±1% cap)
NOI $163,847 @ 7.0% cap · market cap 4.10%
Second Best
Mixed Use
$1.54M
$1.35M – $1.80M (±1% cap)
NOI $107,865 @ 7.0% cap · market cap 2.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Lease Details

Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

38
Businesses Nearby

Demographics for 84779, UT

730
Population
574
Households
1.3
Avg Household Size
44
Median Age
26%
College-Educated
90%
High-School Grad
232.0 sq mi
ZIP Area
3
Density / Sq Mi
$80,625
Median Household Income
$27,857
Median Earnings
$466,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Restaurant, gift shop, petting zoo, and living quarters share a commercial property along SR-9.
Where is this mixed-use property located?
The property is located at 1000 W Sr 9 Virgin, UT.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Restaurant, gift shop, petting zoo, and living quarters on one property; Sale includes the business, real estate, and FF&E; inventory is separate; Built in 1998
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