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

    1683 W Hwy 40 Vernal, UT

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

    7.7 acres of commercial land with highway frontage.

    Type:LAND
    Lot size:
    7.23 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    128
    Last Refresh:
    Mar 29 at 11:27 pm

    Property Features for 1683 W Hwy 40

    General Information

    Standard status
    Active
    Lot size
    7.23 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Bill Street

    Listing agent Bill Street

    Listing office Mountain West - Corporate

    Listing date Nov 25, 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 Mountain West - Corporate

    Overview

    Highway Frontage Commercial Land

    This commercial land offering consists of two parcels, one spanning 7.23 acres and the other 0.47 acres, totaling 7.7 acres. The property features 750 feet of frontage on Highway 40. It is zoned CP-2 (City Planned Commercial) and is adjacent to a major retail center. On-site utilities include water, sewer, and power.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Electrical Service Electronics & Wireless Store Grocery & Convenience Store Cafe & Coffee Shop Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernal
    County
    Uintah
    State
    Utah
    Longitude
    -109.493
    Latitude
    40.4131

    Nearby Similar for Lease

    • Contact for pricing

      Highly Visible Commercial Space

      Commercial space for rent in a growing community.
      630 E MAIN St, Vernal, UT 84078
      View Details
    • Contact for pricing

      Retail Space in Vernal Center

      Retail space available in Vernal Towne Center.
      1991-2089 US Hwy 40, Vernal, UT
      View Details
    • Contact for pricing

      Retail Space in Vernal Trade

      Retail spaces available in the heart of Vernal, Utah.
      1147-1149 W US Hwy 40, Vernal, UT
      View Details
    • Contact for pricing

      Retail Space in Vernal Center

      Retail space available in Vernal Towne Center.
      2175 W Highway 40, Vernal, UT
      View Details
    • $16/mo

      Retail Space on Highway 40

      Retail space with high visibility near national tenants.
      1820 US Hwy 40, Vernal, UT
      View Details
    • Contact for pricing

      Retail Space in Vernal Towne

      Retail space available in Vernal Towne Center.
      2125 W Highway 40, Vernal, UT
      View Details
    • $6/mo

      Vernal Warehouse with Office Space

      10,000 SF warehouse with 2,500 SF office available for lease.
      540 S Wright Brothers Dr, Vernal, UT
      View Details
    • Contact for pricing

      Retail Space For Rent

      1,400 sqft retail space with great visibility available for rent.
      1820 W Hwy 40, Vernal, UT 84078
      View Details
    • Contact for pricing

      Retail Space in Vernal Center

      Retail spaces available in Harbor Freight anchored shopping center.
      1169 US-191, Vernal, UT
      View Details

    FAQs

    What type of property is this?
    Land - 7.7 acres of commercial land with highway frontage.
    Where is this land located?
    The property is located at 1683 W Hwy 40 Vernal, UT.
    What are key features of this property?
    This property features: 7.7 acres total land area; CP‑2 (City Planned Commercial) zoning; **750 feet of Highway 40 frontage**
    (801) 456-8800
    We can help!
    Listing Contact
    Bill Street
    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!