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

    1678 Redstone Center Dr Park City, UT 84098

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available within a large shopping and office center.

    Property size:
    1,375 SF
    Lot size:
    1.88 Acres

    Property Features for 1678 Redstone Center Dr

    General Information

    Size
    1,375 SF
    Lot size
    1.88 Acres

    We can help!

    Listing Contact
    Zach Beaudry
    Zach Beaudry
    Source: Moodyscre

    Listing Agency: Colliers | Salt Lake City Millrock Listing Agent: Zach Beaudry

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

    Learn more

    Property Insight Report

    Overview

    Retail Space in Redstone Center

    This retail space is located within the Redstone development, which encompasses over 220,000 square feet. The development includes 190,000 square feet of retail space and 30,000 square feet of office space. Current tenants include Home Goods, Barnes & Noble, Redstone Theaters, PetCo, Red Rock Restaurant, Ghidotti's Restaurant, and Sushi Blue. The available retail space measures 1,375 square feet and is located at 1678 Redstone Ctr Dr, Park City, UT.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Papa Murphy's | Take ... Restaurant Orangetheory Fitness Gym & Fitness Center KeyMe Locksmiths Locksmith Prudential Utah Real ... Real Estate Agency Vickie Burgess-Keene, Inc. 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, Canyon Corners, Redstone Center Drive, Coinstar, Outlets Park City

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Summit
    State
    Utah
    Longitude
    -111.541688
    Latitude
    40.720446

    Nearby Similar for Lease

    • New
      $4,500 /Mo
      3,600 SF

      Park City Commercial Space

      Versatile commercial space suitable for office, retail, or warehouse.
      4518 N Forestdale Dr, Park City, UT 84098
      View Details
    • Contact for pricing
      113,256 SF

      New Retail/Office Suites Available

      New retail or office suites with tenant improvement allowance.
      7047 N Pace Pl, Park City, UT 84098
      View Details
    • Contact for pricing
      10,454 SF

      Park City Office Space Available

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

      UT, Park City - S Sidewinder Dr

      Discover many ways to work your way in University Executive Park
      1743 Sidewinder Dr, Park City, UT 84060
      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 Dr, Park City, UT 84098
      View Details
    • Contact for pricing
      250 SF

      Historic Main Street Commercial Building

      Prime location with income potential in Park City.
      268 Main St, Park City, UT 84060
      View Details
    • Contact for pricing
      4,718 SF

      Modern Office Space with Views

      2,325 SF office space with mountain views for lease.
      4383 Forestdale Dr, Park City, UT 84098
      View Details
    • Contact for pricing
      2,450 SF

      Retail Space in Mixed-Use Development

      Retail space for lease in new Summit County development.
      3952 Lake Front Ct, Park City, UT 84098
      View Details
    • Contact for pricing
      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 84060
      View Details
    • Contact for pricing
      3,627 SF

      Retail Space in Park City

      Retail space for lease in a mixed-use development.
      3965 Streamside Way, Park City, UT
      View Details
    • Contact for pricing
      1,383 SF

      Park Avenue Office Space Available

      1383 SF office space for lease on Park Avenue.
      1700 Park Ave, Park City, UT 84060
      View Details
    • Contact for pricing
      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 84060
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available within a large shopping and office center.
    Where is this shopping center located?
    The property is located at 1678 Redstone Center Dr Park City, UT.
    What are key features of this property?
    This property features: - Over 220,000 sf development.; - Boasts 190,000 sf of retail space.; - Established tenants include Home Goods and Barnes & Noble.
    (801) 947-8319 Call to check price and availability
    Request Owner's contact information
    1678 Redstone Center Dr Park City, UT 84098
    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.
    1678 Redstone Center Dr
    Park City, UT 84098
    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
    1678 Redstone Center Dr Park City, UT 84098
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Zach Beaudry
    Zach Beaudry
    Real Estate License ID: 5461116-SA00
    (801) 947-8319 (801) 947-8300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!