Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    695 E Main St, Unit R-200 Midway, UT 84049

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Condos in Midway with modern amenities and nightly rentals approved.

    Property size:
    800 SF
    Lot size:
    0.03 Acres

    Property Features for 695 E Main St

    General Information

    Size
    800 SF
    Lot size
    0.03 Acres

    Building Details

    Year built
    2018

    We can help!

    Listing Contact
    Zach Watts
    Source: Kw

    Listing Agent: Zach Watts

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

    Learn more

    Property Insight Report

    Overview

    Midway Condos with Modern Amenities

    Located in the heart of Midway, these condos blend old-world charm with modern convenience. Unit 200 features 1, 2, and 3-bedroom units. Each condo includes granite countertops, a gas fireplace, LVT flooring, new carpet, lighting, paint, and appliances. New carports are currently being installed. Nightly rentals are approved. The property offers easy access to Main Street dining and shopping, world-class ski resorts, golf courses, hiking trails, fishing on the Provo River, water sports on Deer Creek or Jordanelle Reservoir, the Homestead Crater, Deer Valley Gondola, and the Mayflower resort.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bangerter Law Firm, ... Attorney SecurityNational Mortgage Company Mortgage Lender Malinka CPA Certified Public Accountant Kristen Hooker Tax ... Tax Preparation Service Jami Wright - VanDyk ... Mortgage Lender

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Midway
    County
    Wasatch
    State
    Utah
    Longitude
    -111.457916
    Latitude
    40.512129

    Nearby Similar for Sale

    • $495,700

      Inviting Corner Lot Townhome

      Spacious 2-bedroom townhome with loft, prime location.
      181 Geneva Dr, Midway, UT 84049
      View Details
    • $400,000
      1,059 SF

      Midway Residence Near 2034 Olympics

      2-bedroom condo with mountain views and resort amenities near Olympic sites.
      840 Bigler Ln, Midway, UT 84049
      View Details
    • $495,700
      1,301 SF

      Spacious Corner Lot Townhome

      Well-maintained 2-bedroom townhome with loft, upgrades, and community amenities.
      181 Geneva Dr, Midway, UT 84049
      View Details
    • $749,000
      2,756 SF

      Mountain Retreat with Panoramic Views

      Spacious home with 360-degree views, perfect for tranquil living.
      1057 Oberland Dr, Midway, UT 84049
      View Details
    • $425,000
      1,054 SF

      Midway Condos with Modern Amenities

      Condos in prime location with modern amenities and nightly rentals.
      695 E Main St, Midway, UT 84049
      View Details
    • $425,000
      1,054 SF

      Midway Condos with Modern Amenities

      Condos in prime location with modern amenities and nightly rentals.
      695 E Main St, Midway, UT 84049
      View Details
    • $415,000
      978 SF

      Midway Condos with Modern Amenities

      Condos in prime location with modern amenities and nightly rentals.
      695 E Main St, Midway, UT 84049
      View Details
    • $345,000
      832 SF

      Midway Condo with Modern Amenities

      Condo in Midway with modern amenities and nightly rentals approved.
      695 E Main St, Midway, UT 84049
      View Details
    • $345,000
      832 SF

      Midway Condo with Modern Amenities

      Condo in Midway with modern updates and nightly rental approval.
      695 E Main St, Midway, UT 84049
      View Details
    • $177,900
      322 SF

      Condo Hotel Near Amenities

      Condo hotel with easy access to amenities and parking.
      784 W Resort Dr, Midway, UT 84049
      View Details

    FAQs

    What type of property is this?
    Apartment building - Condos in Midway with modern amenities and nightly rentals approved.
    Where is this apartment building located?
    The property is located at 695 E Main St, Unit R-200 Midway, UT.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Midway with easy access to Main Street dining and shopping.; - Approved for nightly rentals.; - Convenient access to world-class ski resorts, golf courses, hiking trails, and water sports.
    Request Owner's contact information
    695 E Main St, Unit R-200 Midway, UT 84049
    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.
    695 E Main St, Unit R-200
    Midway, UT 84049
    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
    695 E Main St, Unit R-200 Midway, UT 84049
    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
    Zach Watts
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.