Holladay Convenience Store For
For Sale
Contact for pricing
2931 4430 South, Salt Lake City, UT 84124
2,400 SF convenience store on 0.29 acre parcel.
Property Size2,400 SF
Lot Size0.29 Acres
Price / SF$458.33
Days on Market83
Property Features for 2931 4430 South
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.29 Acres
Property subtype
Retail
Listing Agency:
Newmark Mountain West
(801) 456-8800
Listed By:
Nick Bowne · License #UT 13734689-SA00
Source:
Crexi
Added: May 22
Changed: Aug 8
Last Checked: Aug 12 at 12:46PM
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 Newmark Mountain West
Investment Insights
Based on property information with market context.
This is a 2,400 SF convenience store located on a 0.29 acre parcel in Holladay, Utah. The property is zoned C-2 and features a corner location with easy access to/from I-215 and high traffic counts of 17,244 ADT on 4500 S.
Key Highlights
- High traffic counts (17,244 ADT) on 4500 S
- Corner location with easy access to/from I‑215
- 2,400 SF convenience store
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
$40,014
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
3.64%
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%
$800,280
$800.3K
Cap Rate 7%
$571,629
$571.6K
Cap Rate 9%
$444,600
$444.6K
Market Conditions
NOI Build-Up for 2,400 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
$54.7K $22.80/SF
− Vacancy
−$1.4K −$0.57/SF
EGI
$53.4K $22.23/SF
− OpEx
−$13.3K −$5.56/SF
NOI
$40.0K $16.67/SF
Area
Salt Lake City, UT
Vacancy
2.50%
Lease Rate
$22.80 /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%
$800,280
Cap Rate 7%
$571,629
Cap Rate 9%
$444,600
Alternative Uses
Best Use
Specialty Retail
$571.6K
$500.2K – $666.9K
NOI $40,014 @ 7.0% cap · market cap 3.64%
Second Best
Retail
$512.3K
$448.3K – $597.7K
NOI $35,860 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$646.6K
$565.8K – $754.4K
NOI $45,262 @ 7.0% cap · market cap 4.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
418
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Extra Space Storage
Shops & Services
418 visits/mo
0.3 miles
Demographics for 84124, UT
22,872
Population
8,976
Households
2.5
Avg Household Size
38
Median Age
60%
College-Educated
98%
High-School Grad
7.7 sq mi
ZIP Area
2,970
Density / Sq Mi
$117,500
Median Household Income
$53,551
Median Earnings
$1,460
Median Rent
$704,400
Median Home Value
Market
Vacancy Rate% for Retail in Salt Lake City, UT
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fresh Market 2300 S — 3865 S 2300 E, Salt Lake City, UT 84109
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - 2,400 SF convenience store on 0.29 acre parcel.
Where is this grocery and convenience store located?
The property is located at 2931 4430 South Salt Lake City, UT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High traffic counts (17,244 ADT) on 4500 S; Corner location with **easy access to/from I‑215**; 2,400 SF convenience store
