Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3593 E Ruby Ln Eagle Mountain, UT

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New construction retail space available for lease in Eagle Mountain.

    Type:RETAIL
    Property size:
    7,150 SF
    Lot size:
    3.46 Acres
    Added:
    Apr 10, 2023
    Days on Market:
    1116
    Last Refresh:
    Apr 5 at 9:42 pm

    Property Features for 3593 E Ruby Ln

    General Information

    Standard status
    Active
    Size
    7,150 SF
    Lot size
    3.46 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3593 E Ruby Ln Contact us

    We can help!

    Listing Contact
    Elliot Abel

    Listing agent Elliot Abel

    Listing office Investment Realty Advisors

    Listing date Apr 10, 2023

    Source Moodyscre

    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 Investment Realty Advisors

    Overview

    Retail Space in Growing Area

    This new construction retail space is located in a rapidly growing area of Utah and directly serves the greater Eagle Mountain area. Completion is scheduled for early 2024. The property is zoned for retail, permitting a wide variety of uses. Big box, mid box, pads, and shop space are available for lease, with pads available separately. A tenant improvement allowance is negotiable. Ample parking is provided with 178 proposed parking stalls. Pylon signage is available. The site benefits from a new lighted intersection and is positioned to capitalize on both residential and commercial growth. Build-to-suit or lease opportunities are available.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    • Coinstar Kiosk - Bitcoin ATM — 1557 East Eagle Mountain Boulevard Macey's, Eagle Mountain, UT 84005
    • Coin Cloud Bitcoin ATM — 4045 e pony express pkwy, eagle mountain, ut 84005
    • Parkway Crossroads — 496750001, Eagle Mountain, UT 84005

    Map

    City
    Eagle Mountain
    County
    Utah
    State
    Utah
    Longitude
    -112.007
    Latitude
    40.3141

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Growing Community

      Retail space available in a rapidly growing Utah community.
      Eagle Mountain Blvd , Eagle Mountain, UT
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available for lease in Eagle Mountain, Utah.
      2600 Eagle Mtn Blvd, Eagle Mountain, UT
      View Details
    • $42 SF/Yr

      New Retail Space in Eagle

      New construction retail space available for lease in Eagle Mountain.
      3593 E Ruby Ln, Eagle Mountain, UT
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available for lease in Eagle Mountain, Utah.
      4253 Pony Express Pkwy, Eagle Mountain, UT
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available for lease in Eagle Mountain, Utah.
      0 Eagle Mountain Blvd, Eagle Mountain, UT
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available for lease in a high-growth area.
      4289 Robbins Cir, Eagle Mountain, UT
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available in a rapidly growing Utah community.
      Pony Express Pkwy, Eagle Mountain, UT
      View Details
    • $27 SF/Yr

      Retail and Office Space Available

      Grocery store development with retail, restaurant, and office spaces.
      4095 E Pony Express Pkwy, Eagle Mountain, UT
      View Details
    • Contact for pricing

      New Commercial Space in Eagle Mountain

      Commercial space in The Ranches, Eagle Mountain. High-traffic location.
      3578 E Pony Express Pkwy, Eagle Mountain, UT 84005
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 2,380 to 34,485 SqFt.
      Eagle Mountain Blvd & Pony Express Pkwy, Eagle Mountain, UT 84005
      View Details

    FAQs

    What type of property is this?
    Shopping center - New construction retail space available for lease in Eagle Mountain.
    Where is this shopping center located?
    The property is located at 3593 E Ruby Ln Eagle Mountain, UT.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: Located in one of the fastest growing areas of Utah.; New Construction – **Build to Suit.**; Retail Zoning - Wide variety of uses permitted.
    (801) 528-4446 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Elliot Abel
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!