Retail Space with
For Sale
Contact for pricing
5418 W Main St, Herriman, UT 84096
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 Market136
Property Features for 5418 W Main St
General Information
Standard status
Active
Size
5,248 SF
Property subtype
RETAIL
Listing Agency:
Mountain West - Corporate
(801) 456-8857
Listed By:
Josh Vance
Source:
Moodyscre
Added: Mar 24
Changed: Jul 31
Last Checked: Aug 5 at 12:30PM
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 Mountain West - Corporate
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.2k | $21.96 |
| − Vacancy | −$3.0k | −$0.56 |
| EGI | $112.3k | $21.40 |
| − OpEx | −$33.7k | −$6.42 |
| NOI | $78.6k | $14.98 |
5,248 SF · lease $21.96/SF/yr · vacancy 2.57% · expense 30.00%
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
Multifamily LT 5
$69.88M
$61.14M – $81.53M
NOI $4,891,534 @ 7.0% cap · market cap 212.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
167k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 28%
Dining 26%
Home Improvements & Furnishings 4%
Smith's
Groceries
47,258 visits/mo
0.4 miles
Wendy's
Dining
11,949 visits/mo
0.5 miles
Cafe Rio Mexican Grill
Dining
11,044 visits/mo
0.4 miles
Mountain America Credit Union
Shops & Services
10,570 visits/mo
0.5 miles
America First Credit Union
Shops & Services
9,968 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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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
