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    581 200 Roosevelt, UT 84066

    Sponsored
    For Sale
    $1,025,000

    Prime Roosevelt location, high traffic, 0.66 acres.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    351
    This exceptional commercial property presents a unique investment opportunity in the thriving city of Roosevelt, Utah. Boasting a highly desirable location with direct frontage on Highway 40, this office building benefits from exceptional visibility and accessibility. The property encompasses a substantial 0.66-acre lot, providing ample space for potential expansion or future development. Its strategic placement directly across from a McDonald's restaurant ensures high daily traffic and significant foot traffic. The convenience of nearby amenities further enhances its appeal. Within easy walking distance, potential tenants and customers will find a variety of restaurants, convenience stores, and car washes, catering to a diverse range of needs. This offering includes two additional adjacent parcels, identified as 00-0001-8196 and 00-0001-8188, expanding the overall property size and potential uses. The asking price for this prime commercial real estate is $1,025,000. This presents a compelling opportunity for investors seeking a well-located, high-traffic property with significant growth potential in a dynamic market. The inclusion of the adjacent parcels provides flexibility for future development and expansion, making this a truly exceptional investment prospect.

    Property Features for 581 200

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    28,750 SF

    We can help!

    Listing Contact
    NATHAN SNOW

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    V6 Media Mobile Network Operator

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Roosevelt
    County
    Duchesne
    State
    Utah
    Longitude
    -109.9858
    Latitude
    40.29161

    Nearby Comparable

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      Grace Event Center: Roosevelt, UT

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    Nearby Similar for Sale

    • $1,800,000
      12,000 SF

      Established Event Center For Sale

      Premier multipurpose event venue with FF&E on 2.7 acres.
      1024 Us-40, Roosevelt, UT
      View Details
    • $795,000
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      Functional Bulk Plant For Sale

      Rare, renovated bulk plant with highway frontage on large lot.
      1833 S 2000 W, Roosevelt, UT 84066
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    • Contact for pricing
      7,594 SF

      Roosevelt Industrial Property For Sale

      7,594 SF industrial property available for purchase.
      2240 Highway 40 W, Roosevelt, UT 84066
      View Details
    • $1,409,000
      2,593 SF

      Retail Property in Roosevelt, UT

      2,593 SF retail property available for sale.
      996 E 200 N, Roosevelt, UT 84066
      View Details
    • $1,800,000
      12,000 SF

      Grace Event Center: Roosevelt, UT

      Premier Event Venue, 12,000 SF, $1.8M
      1024 Highway 40, Roosevelt, UT 84066
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Roosevelt location, high traffic, 0.66 acres.
    Where is this office property / space located?
    The property is located at 581 200 Roosevelt, UT.
    What is the asking price?
    The asking price for this property is $1,025,000.
    (435) 722-4553
    Request Owner's contact information
    581 200 Roosevelt, UT 84066
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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
    581 200 Roosevelt, UT 84066
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    We can help!
    Listing Contact
    NATHAN SNOW
    (435) 722-4553
    Learn more
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