Main Street Storefront
For Sale
$450,000
7678 S Main St, Midvale, UT 84047
Freestanding commercial building with rear parking, an independent sewer system, and former salon improvements.
Property Size1,296 SF
Price / SF$347.22
Days on Market59
Property Features for 7678 S Main St
General Information
Standard status
Active
Size
1,296 SF
Total Parking Spaces
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1939
Listing Agency:
Equity Real Estate (Advantage)
(801) 636-8426
Listed By:
Jolynn Petrlich · License #6608967-PB00
Source:
Redsign
Added: Jul 3
Changed: Aug 30
Last Checked: Aug 25 at 5:22AM
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 Equity Real Estate (Advantage)
Investment Insights
Based on property information with market context.
Built in 1939, this storefront property at 7678 S Main St in Midvale, Utah includes a commercial area at the front and a rear section that originally contained a two-bedroom apartment. Existing hookups remain in place for that rear configuration. The building is being offered in as-is condition.
Two parking spaces are located behind the property. The sewer system has been reconstructed and separated from the neighboring block of buildings, creating an independent connection for the property. The space was previously operated as a beauty salon, providing an established commercial layout for a new owner to evaluate and adapt.
Two parking spaces are located behind the property. The sewer system has been reconstructed and separated from the neighboring block of buildings, creating an independent connection for the property. The space was previously operated as a beauty salon, providing an established commercial layout for a new owner to evaluate and adapt.
Key Highlights
- Storefront property at 7678 S MAIN ST, Midvale, UT 84047
- Built in 1939
- Two parking spaces positioned at the rear
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
$19,410
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
4.31%
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%
$388,200
$388.2K
Cap Rate 7%
$277,286
$277.3K
Cap Rate 9%
$215,667
$215.7K
Market Conditions
NOI Build-Up for 1,296 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
$28.5K $21.96/SF
− Vacancy
−$731 −$0.56/SF
EGI
$27.7K $21.40/SF
− OpEx
−$8.3K −$6.42/SF
NOI
$19.4K $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 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%
$388,200
Cap Rate 7%
$277,286
Cap Rate 9%
$215,667
Alternative Uses
Best Use
Retail
$277.3K
$242.6K – $323.5K
NOI $19,410 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$17.26M
$15.10M – $20.13M
NOI $1,207,970 @ 7.0% cap · market cap 268.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 84047, UT
37,146
Population
17,221
Households
2.2
Avg Household Size
33
Median Age
34%
College-Educated
92%
High-School Grad
6.4 sq mi
ZIP Area
5,804
Density / Sq Mi
$73,120
Median Household Income
$43,845
Median Earnings
$1,482
Median Rent
$404,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Artisan Bloom — 7573 S Main St, Midvale, UT 84047
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building with rear parking, an independent sewer system, and former salon improvements.
Where is this storefront property located?
The property is located at 7678 S Main St Midvale, UT.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Storefront property at 7678 S MAIN ST, Midvale, UT 84047; Built in 1939; Two parking spaces positioned at the rear
