Retail Space with Finished
For Sale
$1,435,000
1086 W South Jordan Pkwy, South Jordan, UT 84095
Retail premises paired with an operating LEGO franchise and included business assets.
Property Size4,908 SF
Price / SF$292.38
Days on Market27
Property Features for 1086 W South Jordan Pkwy
General Information
Standard status
Active
Size
4,908 SF
Additional Details
Business Included
Yes
Building Details
Year Built
2008
Listing Agency:
KW WESTFIELD
(801) 850-5600
Listed By:
Clay Winder · License #6425070
Source:
Redsign
Added: Aug 4
Changed: Aug 29
Last Checked: Aug 25 at 5:22AM
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 KW WESTFIELD
Investment Insights
Based on property information with market context.
The offering includes 4,908 square feet of retail space at 1086 W South Jordan Pkwy, Ste 104 + 105, with a main floor and finished basement. Constructed in 2008, the property is offered together with the associated LEGO franchise rather than as a separate real estate sale.
The transaction also includes inventory, furniture, fixtures, equipment, and franchise support. The business and real estate must transfer together, with additional financial and lease materials available subject to an NDA.
The transaction also includes inventory, furniture, fixtures, equipment, and franchise support. The business and real estate must transfer together, with additional financial and lease materials available subject to an NDA.
Key Highlights
- 4,908 SF of retail space with main floor and finished basement
- Includes the associated LEGO franchise and real estate
- Inventory, furniture, fixtures, and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,470,140
$1.5M
Cap Rate 7%
$1,050,100
$1.1M
Cap Rate 9%
$816,744
$816.7K
Market Conditions
NOI Build-Up for 4,908 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$107.8K $21.96/SF
− Vacancy
−$2.8K −$0.56/SF
EGI
$105.0K $21.40/SF
− OpEx
−$31.5K −$6.42/SF
NOI
$73.5K $14.98/SF
Area
Salt Lake County, UT
Vacancy
2.57%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,470,140
Cap Rate 7%
$1,050,100
Cap Rate 9%
$816,744
Alternative Uses
Best Use
Retail
$1.05M
$918.8K – $1.23M
NOI $73,507 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$65.35M
$57.18M – $76.24M
NOI $4,574,628 @ 7.0% cap · market cap 318.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,415
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 36%
Hotels & Casinos 3%
Home Improvements & Furnishings 1%
Maverik Adventures First Stop
Shops & Services
11,676 visits/mo
0.4 miles
Kneaders Bakery & Cafe
Dining
11,187 visits/mo
0.2 miles
Tsunami
Dining
10,080 visits/mo
0.5 miles
Chevron
Shops & Services
8,710 visits/mo
0.0 miles
Starbucks
Dining
6,845 visits/mo
0.2 miles
Demographics for 84095, UT
39,278
Population
13,518
Households
2.9
Avg Household Size
35
Median Age
46%
College-Educated
97%
High-School Grad
11.5 sq mi
ZIP Area
3,415
Density / Sq Mi
$123,082
Median Household Income
$57,833
Median Earnings
$1,794
Median Rent
$669,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail premises paired with an operating LEGO franchise and included business assets.
Where is this retail space located?
The property is located at 1086 W South Jordan Pkwy South Jordan, UT.
What is the asking price?
The asking price for this property is $1,435,000.
What are key features of this property?
This property features: 4,908 SF of retail space with main floor and finished basement; Includes the associated LEGO franchise and real estate; Inventory, furniture, fixtures, and equipment included
