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

    0 Coleman St & Utah Ave Tooele, UT

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

    Three parcels available in Tooele County with utilities.

    Type:LAND
    Lot size:
    49.00 Acres
    Added:
    Mar 26, 2024
    Days on Market:
    766
    Last Refresh:
    Apr 5 at 10:30 pm

    Property Features for 0 Coleman St & Utah Ave

    General Information

    Standard status
    Active
    Lot size
    49.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Samuel Morris

    Listing agent Samuel Morris

    Listing office Colliers | Salt Lake City Downtown

    Listing date Mar 26, 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 Colliers | Salt Lake City Downtown

    Overview

    Tooele County Subdivided Parcels

    Three subdivided parcels are available for sale in Tooele County. Utilities, water, and sewer are accessible at N Coleman St & McKeller St. The location features the highest daytime population density in Tooele County. The property is located 28.6 miles from Salt Lake City Airport, 1.4 miles from Peterson Industrial Depot, and 0.95 miles from Tooele Main Street.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Tooele
    County
    Tooele
    State
    Utah
    Longitude
    -112.298
    Latitude
    40.5308

    Nearby Similar for Sale

    • $450,000
      1,696 SF

      Remodeled Multifamily Property with Income

      Turnkey multifamily property with remodeled main house and basement rental.
      233 N 2ND St, Tooele, UT 84074
      View Details
    • $699,000

      Tooele Land Development Opportunity

      13.33 acres near golf course and temple in Tooele.
      3395 N 400 W unit: 0006, Tooele, UT 84074
      View Details
    • $496,584

      Tooele Commercial Land For Sale

      0.76 acre commercial land in growing Tooele area.
      180 E 1000 N, Tooele, UT 84074
      View Details
    • $1,300,000

      Tooele Land For Sale

      Land in growing Tooele area near amenities and transportation.
      2540 400 St E, Tooele, UT 84074
      View Details
    • $1,300,000

      Tooele Land in Growing Area

      Land in a growing commercial area near various amenities.
      2520 N 400 E, Tooele, UT 84074
      View Details
    • $130,000

      Tooele Land Building Lot

      Improved 0.27 acre building lot in Tooele, Utah.
      804 W VAN DYKE Way S, Tooele, UT 84074
      View Details
    • $149,900

      Land in Growing Tooele Community

      Two adjacent parcels for single-family or duplex construction in Tooele.
      379 W BOOTHILL Crk unit: 513, Tooele, UT 84074
      View Details
    • $319,900

      Commercial Land Pad For Sale

      Commercial land pad available in Tooele, approximately 0.463 acres.
      693 North Main Street, Tooele, UT 84074
      View Details
    • $3
      39 SF

      Tooele Land For Sale

      Land suitable for commercial and light industrial development.
      955 West 1000 North, Tooele, UT 84074
      View Details
    • Contact for pricing
      7,064 SF

      Tooele Retail and Medical Spaces

      Retail and medical spaces available next to Walmart Supercenter.
      134 W 1180 N , Tooele, UT
      View Details
    • Contact for pricing
      2,000 SF

      Retail Property on 0.69 Acres

      Retail property featuring a 2,000 SF building, built in 2025.
      46 E 600 N, Tooele, UT
      View Details
    • $1,217,066
      1 SF

      Tooele Land Parcel For Sale

      Land parcel on Hwy 36, Tooele, adjacent to new businesses.
      2200 North Main Street, Tooele, UT 84074
      View Details

    FAQs

    What type of property is this?
    Land - Three parcels available in Tooele County with utilities.
    Where is this land located?
    The property is located at 0 Coleman St & Utah Ave Tooele, UT.
    What is the asking price?
    The asking price for this property is $6,534,000.
    What are key features of this property?
    This property features: Highest daytime population density in Tooele County; Proximity to Peterson Industrial Depot (1.4 miles); Proximity to Tooele Main Street (0.95 miles)
    (801) 400-6458 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Samuel Morris
    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!