Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Near I-15 Freeway Title is generated by Realmo AI

    600 E Merit Way, Washington, UT

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

    Commercial land available near I-15 in a growing area.

    Type:LAND
    Lot size:
    1.83 Acres
    Added:
    Jan 17, 2025
    Days on Market:
    479
    Last Refresh:
    Apr 5 at 11:10 pm

    Property Features for 600 E Merit Way

    General Information

    Standard status
    Active
    Lot size
    1.83 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 600 E Merit Way Contact us

    We can help!

    Listing Contact
    Greg Whitehead

    Listing agent Greg Whitehead

    Listing office NAI Excel

    Listing date Jan 17, 2025

    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 NAI Excel

    HighLights

    • Ideally located adjacent to the I‑15 fwy.
    • Freeway signage available, enhancing brand exposure.
    • Situated in a rapidly growing area.
    • All necessary utilities have been stubbed to the site.
    • Presents a fantastic opportunity for your business.
    • Ensures a smooth development process.

    Overview

    This commercial land is ideally located adjacent to the I-15 freeway. Freeway signage will be available. All necessary utilities have been stubbed to the site. Situated in a rapidly growing area, this location presents an opportunity for business development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Washington
    County
    Washington
    State
    Utah
    Longitude
    -113.508
    Latitude
    37.1305

    Nearby Similar for Lease

    • $5,640,000 SF/Yr

      Industrial Flex Building For Lease

      High-quality industrial flex space in a rapidly expanding market.
      138 N COUNTRY Way, Washington, UT 84780
      View Details
    • $45 SF/Yr

      Retail Space with Drive-Thru

      High-traffic retail space with drive-thru in Washington, Utah.
      2654 Red Cliffs Dr, Washington, UT 84780
      View Details
    • $6,036/Mo

      Retail Space Near Albertson's

      Retail space with high ceilings and natural light available for lease.
      1055 W RED CLIFFS STE D Dr, Washington, UT 84780
      View Details
    • $2.00 SF/Yr

      Retail Space Near Green Springs

      Retail space available in high-traffic area near Green Springs.
      520 W Telegraph St Ste 1B, Washington, UT 84780
      View Details
    • $1.80 SF/Yr

      Retail/Office with Warehouse Space

      High-visibility retail/office space with warehouse component, I-15 visibility.
      504 West Buena Vista Boulevard, Washington, UT 84780
      View Details
    • $1.80 SF/Yr

      Retail/Office with Warehouse Space

      Retail/office space with warehouse component and I-15 visibility.
      504 West Buena Vista Boulevard, Washington, UT 84780
      View Details
    • $1.30 SF/Yr

      Industrial Space with Finished Offices

      Industrial property featuring warehouse space and finished office areas.
      1433 E Ridge St, Washington, UT 84780
      View Details
    • $3 SF/Yr

      Retail or Restaurant Space Available

      6000 SF retail/restaurant space with flexible lease terms.
      1982 South Washington Fields Road, Washington, UT 84780
      View Details
    • $1.40 SF/Yr

      Office Space Near St. George

      Office space for rent with easy regional access.
      2303 N Coral Canyon Blvd Ste 109, Washington, UT 84784
      View Details
    • $3 SF/Yr

      Retail or Restaurant Space Available

      Retail or restaurant space for rent.
      1982 South Washington Fields Road, Washington, UT 84780
      View Details
    • Contact for pricing

      Industrial Space Near St. George Airport

      Class A distribution, fulfillment, and manufacturing space for lease.
      7535 South Washington Fields Road, Washington, UT, 84780
      View Details
    • $1.30 SF/Yr

      White Sage Industrial Park

      Industrial park space available for lease.
      1433 E Ridge St, Washington, UT 84780
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land available near I-15 in a growing area.
    Where is this land located?
    The property is located at 600 E Merit Way Washington, UT.
    What is the lease rate?
    The lease rate is $1.30 SF/Yr.
    What are key features of this property?
    This property features: Ideally located adjacent to the I‑15 fwy.; Freeway signage available, enhancing brand exposure.; Situated in a rapidly growing area.
    (435) 628-1609 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Greg Whitehead
    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

    Thank You for Inquiry
    600 E Merit Way, Washington, 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!