Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in Kimball Junction Title is generated by Realmo AI

    1153 Ctr Dr, Park City, UT

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Anchor retail opportunity in Park City's Kimball Junction.

    Type:RETAIL
    Property size:
    6,100 SF
    Lot size:
    7.43 Acres
    Added:
    Dec 24, 2024
    Days on Market:
    529
    Last Refresh:
    May 20 at 9:44 pm

    Property Features for 1153 Ctr Dr

    General Information

    Standard status
    Active
    Size
    6,100 SF
    Lot size
    7.43 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 1153 Ctr Dr Contact us

    We can help!

    Listing Contact
    Michelle Doong
    Michelle Doong

    Listing agent Michelle Doong

    Listing office Mountain West - Corporate

    Listing date Dec 24, 2024

    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 Mountain West - Corporate

    HighLights

    • Rare anchor (Best Buy) opportunity available (April 1, 2025)
    • Situated in the heart of Park City’s thriving Kimball Junction
    • Great visibility and easy access from major highways
    • Ample onsite parking
    • Surrounded by stunning views of the surrounding mountains and Swaner Preserve
    • Community events

    Overview

    This retail space, encompassing 6,100 square feet, is located in the heart of Park City’s Kimball Junction. The property benefits from its location, offering great visibility and easy access from major highways. Ample on-site parking and community events are available. The property is surrounded by views of the surrounding mountains and Swaner Preserve. A rare anchor opportunity will be available starting April 1, 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Shorée Boyd Real ... Real Estate Agency Merryweather & Laws Real ... Real Estate Agency Hearth and Hill Restaurant Coldwell Banker Residential ... Real Estate Agency Amy Moody, Realtor ... Real Estate Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Big Box & Wholesale Store Pharmacy

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

    Similar Places Nearby

    • Sunglass Hut — 6699 N Landmark Dr Space A147, Park City, UT 84098
    • Canyon Corners — 6622 N Landmark Dr Suite B-100, Park City, UT 84098
    • Redstone Center Drive — Redstone Center Dr, Park City, UT 84098
    • Coinstar — 1725 Uinta Way, Park City, UT 84098
    • Outlets Park City — 6699 N Landmark Dr, Park City, UT 84098

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Summit
    State
    Utah
    Longitude
    -111.539
    Latitude
    40.721

    Nearby Similar for Lease

    • $4,500/Mo
      3,600 SF

      Park City Commercial Space

      Versatile commercial space suitable for office, retail, or warehouse.
      4518 N Forestdale Drive, Park City, UT 84098
      View Details
    • $32 SF/Yr
      5,000 SF

      Park City Commercial Flex Space

      Flex space ideal for showroom or office in Park City.
      4554 N Forestdale Drive, Park City, UT 84098
      View Details
    • Sponsored
      $129-$7,116/Mo
      11-1,292 SF

      UT, Park City - S Sidewinder Dr

      1743 Sidewinder Dr, Unit 1ST, Park City, UT 84060
      View Details
    • Contact for pricing

      Park City Office Space Available

      Office space with flexible layout and natural light.
      5532 N LILLEHAMMER Ln, Park City, UT 84098
      View Details
    • Contact for pricing

      New Retail/Office Suites Available

      New retail or office suites with tenant improvement allowance.
      7047 N PACE Pl, Park City, UT 84098
      View Details
    • $39 SF/Yr
      2,400 SF

      Retail Space in Mixed-Use Development

      Retail space for lease in new Summit County development.
      3952 Lake Front Ct, Park City, UT
      View Details
    • $39 SF/Yr
      3,716 SF

      Retail Space Near Park City

      Retail space for lease in mixed-use development near Park City.
      3980 Queen Esther Dr, Park City, UT
      View Details
    • $43 SF/Yr
      1,500 SF

      Park City Office Space For Rent

      Second floor office space in the heart of Park City.
      309 Main St, Park City, UT
      View Details
    • $21 SF/Yr
      2,325 SF

      Modern Office Space with Views

      2,325 SF office space with mountain views for lease.
      4383 Forestdale Dr, Park City, UT
      View Details
    • Contact for pricing
      1,075 SF

      Retail Space in Redstone Center

      Retail space available within a large shopping center development.
      1748 Redstone Ctr Dr, Park City, UT
      View Details
    • Contact for pricing
      1,375 SF

      Retail Space in Redstone Center

      Retail space available within a large shopping and office center.
      1678 Redstone Ctr Dr, Park City, UT
      View Details
    • Contact for pricing
      245 SF

      Professional Office Suites For Rent

      Executive office suites in Park City, utilities included.
      4376 N Forestdale Dr, Park City, UT 84060
      View Details

    FAQs

    What type of property is this?
    Shopping center - Anchor retail opportunity in Park City's Kimball Junction.
    Where is this shopping center located?
    The property is located at 1153 Ctr Dr Park City, UT.
    What are key features of this property?
    This property features: Rare anchor (Best Buy) opportunity available (April 1, 2025); Situated in the heart of Park City’s thriving Kimball Junction; Great visibility and easy access from major highways
    (801) 456-8800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michelle Doong
    Michelle Doong
    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

    Thank You for Inquiry
    1153 Ctr Dr, Park City, UT
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!