Retail Space with
5418 W Main St, Herriman, UT 84096
For Sale
Contact for pricing
Approx 5,248 SF retail building with drive-through and 42-stall parking, currently leased month-to-month.
Property Size5,248 SF
Price / SF$438.26
Days on Market236
Property Features for 5418 W Main St
General Information
Standard status
Size
Property subtype
Listing Agency:
Newmark Mountain West - Corporate
(801) 456-8800
Listed By:
Josh Vance · License UT 5498417-SA00
(801) 456-8857
Source:
Moodyscre
Added: Mar 24
Changed: Nov 12
Last Checked: Nov 12 at 8:59AM
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 - Corporate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space includes approximately 5,248 SF and is configured with a drive-through. The property sits on approximately 0.88 acres and provides 42 parking stalls.
The property is located at 5418 W Main St, Herriman, UT 84096, with reported traffic counts of 16,586 AADT on Herriman Main Street. The current tenant operates on a month-to-month basis.
For planning purposes, the tenant is set to vacate with 30 days notice. The lease payment is described as NNN in the transaction details provided.
The property is located at 5418 W Main St, Herriman, UT 84096, with reported traffic counts of 16,586 AADT on Herriman Main Street. The current tenant operates on a month-to-month basis.
For planning purposes, the tenant is set to vacate with 30 days notice. The lease payment is described as NNN in the transaction details provided.
Key Highlights
- Approximately 5,248 SF retail space with drive‑through
- Approximately 0.88 acres
- 42 parking stalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,599
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,980
$1.6M
Cap Rate 7%
$1,122,843
$1.1M
Cap Rate 9%
$873,322
$873.3K
Market Conditions
NOI Build-Up for 5,248 SF
Gross rent
$115.2K $21.96/SF
− Vacancy
−$3.0K −$0.56/SF
EGI
$112.3K $21.40/SF
− OpEx
−$33.7K −$6.42/SF
NOI
$78.6K $14.98/SF
Area
Salt Lake County, UT
Vacancy
2.57%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,980
Cap Rate 7%
$1,122,843
Cap Rate 9%
$873,322
Alternative Uses
Best Use
Retail
$1.12M
$982.5K – $1.31M
NOI $78,599 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,972 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Arctic Circle
Dining
9,238 visits/mo
0.3 miles
Maverik Adventures First Stop
Shops & Services
7,597 visits/mo
0.2 miles
Chevron
Shops & Services
7,523 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
4,986 visits/mo
0.4 miles
Jiffy Lube
Shops & Services
1,693 visits/mo
0.4 miles
Demographics for 84096, UT
69,086
Population
21,168
Households
3.3
Avg Household Size
27
Median Age
41%
College-Educated
94%
High-School Grad
71.1 sq mi
ZIP Area
972
Density / Sq Mi
$117,800
Median Household Income
$50,954
Median Earnings
$1,888
Median Rent
$540,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Salt Lake County, UT
Properties on Market for Retail space in Salt Lake County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Approx 5,248 SF retail building with drive-through and 42-stall parking, currently leased month-to-month.
Where is this retail space located?
The property is located at 5418 W Main St Herriman, UT.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Approximately 5,248 SF retail space with drive‑through; Approximately 0.88 acres; 42 parking stalls
