Add Listing
    For Sale
    • 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

    310 N Main St Monroe, UT 84754

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

    Versatile property with endless potential on Main Street in Monroe.

    Property size:
    3,636 SF
    Lot size:
    0.42 Acres

    Property Features for 310 N Main St

    General Information

    Standard status
    Active
    Size
    3,636 SF
    Lot size
    0.42 Acres

    Building Details

    Year built
    1903

    We can help!

    Listing Contact
    Anne Valae
    Source: Crexi

    Listing Agency: RED ROCK REAL ESTATE Listing Agent: Anne Valae

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

    Learn more

    Overview

    Iconic Property in Monroe, Utah

    This iconic property in Monroe, Utah, offers a rare opportunity with its history, character, and versatility. Situated on a 0.42-acre lot, the property is minutes from the Monroe Hot Springs. The building has been tastefully restored and thoughtfully modernized, preserving its vintage charm while offering updated interiors. The property features four finished rooms, a renovated dining and gathering space, and inviting common areas suitable for hospitality, wellness, retail, creative space, professional offices, or a unique destination concept. The expansive gathering areas showcase upgraded finishes, open space, and a landscaped patio complete with a fire pit, ideal for events, private functions, community gatherings, or outdoor experiences. Located on Monroe's Main Street, the property benefits from excellent visibility, on-site parking, and steady year-round traffic. Surrounded by recreation, including ATV trails, hiking, biking, and mountain scenery, this property is positioned to serve locals, visitors, and destination seekers. The property size is 3,636 square feet. This is the sale of a property filled with opportunity for a live-work lifestyle, a creative venture, or a one-of-a-kind investment.
    Location Intelligence

    Current Use by Public Records

    Creative space

    Map

    City
    Monroe
    County
    Sevier
    State
    Utah
    Longitude
    -112.081
    Latitude
    38.6125

    Nearby Similar for Sale

    • $398,000
      3,636 SF

      Iconic Property in Monroe, Utah

      Versatile property with endless potential on Monroe's Main Street.
      310 N Main St, Monroe, UT 84754
      View Details
    • New
      $885,900
      1.60 Acres

      Victorian Wedding Venue in Monroe

      Historic property perfect for events, retreat, or income generation.
      390 N 100 W, Monroe, UT 84754
      View Details
    • New
      $949,950
      40.01 Acres

      Monroe Valley Farmland Opportunity

      40 acres of prime farmland with irrigation water shares.
      800 N 500 W, Monroe, UT 84754
      View Details

    FAQs

    What type of property is this?
    Hospitality property - Versatile property with endless potential on Main Street in Monroe.
    Where is this hospitality property located?
    The property is located at 310 N Main St Monroe, UT.
    What are key features of this property?
    This property features: - Prime Main Street location in Monroe with excellent visibility, on-site parking, and steady traffic.; - Tastefully restored and modernized building with vintage charm and updated interiors, suitable for various uses.; - Expansive gathering areas with upgraded finishes and a landscaped patio with a fire pit, ideal for events.
    Request Owner's contact information
    310 N Main St Monroe, UT 84754
    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.
    310 N Main St
    Monroe, UT 84754
    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
    310 N Main St Monroe, UT 84754
    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!
    Listing Contact
    Anne Valae
    Real Estate License ID: 5473424-BB00
    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!