Colombian Restaurant with Online
For Sale
$190,000
1835 W 3600 S, West Valley City, UT 84119
Commercial Sale, West Valley City, UT
Property Size1,250 SF
Lot Size0.45 Acres
Price / SF$152
Days on Market94
Property Features for 1835 W 3600 S
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-2
Subdivision
Magna; Taylrsvl; WVC; SLC
Standard status
Active
APN
15-34-126-036
Lot size
0.45 Acres
Building Details
Year built
2006
Listing Agency:
Real Estate Essentials
(801) 610-9563
Listed By:
Brandon Johnson · License #5497335-SA00
(801) 815-6464
Added: Jun 4
Changed: Aug 20
Last Checked: Sep 5 at 10:06PM
MLS# 2162927
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Investment Insights
Based on property information with market context.
This Colombian restaurant occupies approximately 1,250 square feet with dedicated dining and kitchen areas. The sale includes furniture, fixtures, equipment, inventory, and essential operational systems, allowing the existing restaurant setup to convey with the business. Built in 2006, the property sits on a 0.45-acre parcel.
Customers can order through the restaurant’s website, which is integrated with Uber Eats, DoorDash, and Grubhub. The location is near Redwood Road and 3600 S in West Valley City, within a retail corridor described as high traffic. The sale also includes the restaurant’s established online ordering infrastructure.
Customers can order through the restaurant’s website, which is integrated with Uber Eats, DoorDash, and Grubhub. The location is near Redwood Road and 3600 S in West Valley City, within a retail corridor described as high traffic. The sale also includes the restaurant’s established online ordering infrastructure.
Key Highlights
- Approximately 1,250 square feet of dining and kitchen space
- Sale includes furniture, fixtures, equipment, inventory, and operational systems
- Restaurant website supports direct customer ordering
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,453
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$329,060
$329.1K
Cap Rate 7%
$235,043
$235.0K
Cap Rate 9%
$182,811
$182.8K
Market Conditions
NOI Build-Up for 1,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.5K $18.00/SF
− Vacancy
−$563 −$0.45/SF
EGI
$21.9K $17.55/SF
− OpEx
−$5.5K −$4.39/SF
NOI
$16.5K $13.16/SF
Area
West Valley City, UT
Vacancy
2.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$329,060
Cap Rate 7%
$235,043
Cap Rate 9%
$182,811
Alternative Uses
Best Use
Specialty Retail
$235.0K
$205.7K – $274.2K
NOI $16,453 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.9K
$313.1K – $417.5K
NOI $25,050 @ 7.0% cap · market cap 13.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,007
Businesses Nearby
86k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 37%
Hotels & Casinos 12%
Cracker Barrel Old Country Store
Dining
19,216 visits/mo
0.2 miles
Chevron
Shops & Services
14,122 visits/mo
0.5 miles
Applebee's
Dining
11,494 visits/mo
0.3 miles
Mister Car Wash
Shops & Services
8,219 visits/mo
0.5 miles
Beans & Brews
Dining
7,843 visits/mo
0.4 miles
Demographics for 84119, UT
54,143
Population
16,811
Households
3.2
Avg Household Size
31
Median Age
16%
College-Educated
79%
High-School Grad
11.5 sq mi
ZIP Area
4,708
Density / Sq Mi
$66,616
Median Household Income
$35,676
Median Earnings
$1,418
Median Rent
$341,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Equipped dining and kitchen space includes furniture, fixtures, equipment, inventory, and operational systems.
Where is this conventional restaurant located?
The property is located at 1835 W 3600 S West Valley City, UT.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Approximately 1,250 square feet of dining and kitchen space; Sale includes furniture, fixtures, equipment, inventory, and operational systems; Restaurant website supports direct customer ordering
