Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    940 South Main St Cedar City, UT 84720

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,000 /Mo

    Fenced and graveled commercial land available for rent.

    Property size:
    1 SF
    Lot size:
    1.00 Acre

    Property Features for 940 South Main St

    General Information

    Size
    1 SF
    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Wes Davis
    Source: Naiglobal

    Listing Agent: Wes Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Commercial Land For Rent

    This commercial land is available for rent. The property is fenced and graveled and is located right behind IV Seasons Auto. The property is 1 acre in size.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    4 Seasons Auto Used Car Dealer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar City
    County
    Iron
    State
    Utah
    Longitude
    -113.0616967
    Latitude
    37.6935387

    Nearby Similar for Lease

    • $12,230 /Mo
      16,306 SF

      Cedar City Warehouse with I-15 Visibility

      16,306 SF warehouse on 2.69 acres near I-15.
      1342 W Industrial Rd, Cedar City, UT 84721
      View Details
    • $4,288 /Mo
      2,339 SF

      Upscale Chiropractic Office Available

      Fully built-out chiropractic office with potential for drive-thru conversion.
      1320 N Main #101 St, Cedar City, UT 84721
      View Details
    • $6,500 /Mo
      10,000 SF

      Cedar City Commercial Space Rental

      Commercial space with fenced yard available for rent in Cedar City.
      6800 W Shop Spc For Rent, Cedar City, UT 84721
      View Details
    • $6,500 /Mo
      10,000 SF

      Cedar City Shop Space Rental

      Shop space for rent in Cedar City, available 2026.
      6800 W Shop Spc For Rent, Cedar City, UT 84721
      View Details
    • $7,000 /Mo
      12,000 SF

      Cedar City Commercial Space Available

      Commercial space suitable for a bank or other businesses.
      444 S Main Unit St, Cedar City, UT 84720
      View Details
    • $9,600 /Mo
      9,600 SF

      Climate Controlled Warehouse Near I-15

      9600 sq ft warehouse with climate control and I-15 access.
      1342 W Industrial Rd, Cedar City, UT 84721
      View Details
    • $9,000 /Mo
      8,000 SF

      Cedar City Commercial Space Available

      Warehouse, office, and yard space with secure, paved storage.
      427 N Airport Rd, Cedar City, UT 84721
      View Details
    • $1,499 /Mo
      87,120 SF

      Secured Parking Lot for Lease

      Two-acre fenced parking lot with gated access for lease.
      547 N 5675 W, Cedar City, UT 84721
      View Details
    • $2.00 SF/Yr
      9,890 SF

      Retail/Restaurant Space with Drive-Through

      New retail/restaurant space with drive-through on Main Street.
      941 N Main St, Cedar City, UT 84721
      View Details
    • $2 SF/Yr
      10,000 SF

      New Retail Center Under Construction

      New retail center with drive-thru, vanilla shell delivery.
      3000 East 3000 North, Cedar City, UT 84721
      View Details
    • Contact for pricing
      215,400 SF

      Cedar City Industrial Warehouse

      ±215,400 SF Manufacturing Facility, 23 Acres
      2695 Ut-56, Cedar City, UT 84720
      View Details
    • Contact for pricing
      81,741 SF

      Commerce Park Retail Spaces For Lease

      Prime Retail Location, Multiple Spaces Available
      2130 Ut-56, Cedar City, UT 84721
      View Details

    FAQs

    What type of property is this?
    Commercial land - Fenced and graveled commercial land available for rent.
    Where is this commercial land located?
    The property is located at 940 South Main St Cedar City, UT.
    What is the lease rate?
    The lease rate is $12,000 /Mo.
    What are key features of this property?
    This property features: - Three separate spaces available: 1 acre, 3,000sf, and 1,800sf indoor storage.; - Fenced and graveled land.; - 1,800sf space includes indoor storage.
    (435) 627-5705
    Request Owner's contact information
    940 South Main St Cedar City, UT 84720
    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.
    940 South Main St
    Cedar City, UT 84720
    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
    940 South Main St Cedar City, UT 84720
    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
    Wes Davis
    Real Estate License ID: UT 5502820-SA00
    (435) 627-5705
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.