Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Center Development Opportunity Title is generated by Realmo AI

    2450 South River Road, St George, UT 84790

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2.00 SF/Yr

    Neighborhood commercial center development with office, retail, and drive-thru options.

    Type:Retail
    Added:
    Mar 6, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 5 at 11:13 pm

    Property Features for 2450 South River Road

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 2450 South River Road Contact us

    We can help!

    Listing Contact
    Wes Davis

    Listing agent Wes Davis License #5502820-SA00

    Listing office NAI Excel

    Listing date Mar 6, 2026

    Source Naiglobal

    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

    • Proposed neighborhood commercial center development.
    • Signalized intersection and access off 2 major roadways.
    • Drive‑thru options available.
    • Suites available in 2,000, 4,000, and 8,000 square feet.
    • Suitable for office or retail use.
    • Scheduled for 2024.

    Overview

    A neighborhood commercial center development is proposed for 2024. The site benefits from a signalized intersection and access from two major roadways. Suites will be available in sizes of 2,000, 4,000, and 8,000 square feet, suitable for either office or retail use. The development plans include several drive-thru options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    St George
    County
    Washington
    State
    Utah
    Longitude
    -113.55
    Latitude
    37.0668

    Nearby Similar for Lease

    • $10,000/Mo
      4,660 SF

      Restaurant Space in St George

      Versatile restaurant space with high visibility and accessibility.
      720 E 700 S, St George, UT 84770
      View Details
    • $1.00 SF/Yr
      40,000 SF

      Proposed Retail Suite Development

      New mixed-use development with retail and office space for lease.
      1 4375 S Pioneer Road, St George, UT 84790
      View Details
    • $1.00 SF/Yr
      2,916 SF

      St George Office Space

      Office space for legal, financial, and administrative professionals.
      466 E Tabernacle St, St George, UT 84770
      View Details
    • $2.00 SF/Yr
      35,280 SF

      Retail Space in Phoenix Plaza

      Inline retail space with high traffic in central location.
      929 W SUNSET Blvd, St George, UT 84770
      View Details
    • $1.00 SF/Yr
      60,744 SF

      Retail Space at Shoppes Zion

      Exceptional retail opportunity with high visibility and demand.
      250 N RED CLIFFS #12, St George, UT 84770
      View Details
    • $3 SF/Yr
      16,000 SF

      Downtown St George Office/Retail Space

      Office or retail space in Ancestor Square, downtown St George.
      2 W St George Blvd, St George, UT 84770
      View Details
    • $3 SF/Yr
      16,000 SF

      Downtown St George Office/Retail Space

      Office or retail space in Ancestor Square, downtown St George.
      2 W St George Blvd, St George, UT 84770
      View Details
    • $5,175/Mo
      60,744 SF

      St George Commercial Space

      Commercial space available for lease in St George, Utah.
      250 N RED CLIFFS, St George, UT 84770
      View Details
    • $9,000/Mo
      20,072 SF

      Turnkey Restaurant in St George

      Fully equipped restaurant inside a popular hotel and conference center.
      850 S BLUFF, St George, UT 84770
      View Details
    • $2.00 SF/Yr
      11,160 SF

      St George Office Units

      Multiple office units available for lease in St George.
      635 N RED ROCK, St George, UT 84770
      View Details
    • $1.00 SF/Yr
      40,000 SF

      Proposed Office Space Development

      New mixed-use development with office space, breaking ground Fall 2026.
      2 4375 S Pioneer Road, St George, UT 84790
      View Details
    • $3 SF/Yr
      1,360 SF

      Office Space in Ancestor Square

      Historic office space in the heart of downtown St. George.
      2 W ST GEORGE Blvd, St George, UT 84770
      View Details

    FAQs

    What type of property is this?
    Commercial land - Neighborhood commercial center development with office, retail, and drive-thru options.
    Where is this commercial land located?
    The property is located at 2450 South River Road St George, UT.
    What is the lease rate?
    The lease rate is $2.00 SF/Yr.
    What are key features of this property?
    This property features: Proposed neighborhood commercial center development.; Signalized intersection and access off 2 major roadways.; Drive‑thru options available.
    (435) 627-5705
    We can help!
    Listing Contact
    Wes Davis
    Real Estate License ID: 5502820-SA00
    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
    2450 South River Road, St. George, UT 84790
    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!