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    3601 S St West Valley City, UT 84119

    Sponsored
    For Lease
    $25 SF/Yr

    Prime Retail Space, 1,038-5,780 SF Available

    Lot size:
    39,536 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    Valley Fair Shopping Center, located at 3601 S 2700 W in West Valley City, Utah, 84119, offers a significant retail leasing opportunity. This prime retail space, situated within a larger shopping center, boasts a total of 39,536 square feet, with a flexible minimum leasable area of 1,038 square feet and a maximum contiguous space of 5,780 square feet. Currently, the entire 39,536 square feet is available for lease. The property sits on a substantial 72-acre lot and provides ample parking for customers and employees with 4,172 spaces. The property is classified as a multi-tenant retail storefront within Salt Lake County. This location presents a unique chance for businesses seeking high visibility and accessibility within a well-established shopping center. The property's size and configuration offer versatility for a range of retail concepts, from smaller boutiques to larger-format stores. The extensive parking ensures convenient access for shoppers, contributing to a positive customer experience. This is an exceptional opportunity to establish or expand a retail presence in a thriving West Valley City market.

    Property Features for 3601 S St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,536 SF
    Total Rate
    82366.67

    Unit(s) available at that property

    Space
    A2 - Junior Box Anchor
    Size
    31,550 SF
    Rate per SF
    $35
    Space
    Outside - 0
    Size
    1,168 SF
    Rate per SF
    $35
    Space
    Outside - 3
    Size
    1,038 SF
    Rate per SF
    $35
    Space
    Inside - C120
    Size
    3,705 SF
    Rate per SF
    $35
    Space
    Inside - C118
    Size
    3,202 SF
    Rate per SF
    $35
    Space
    Outside - 21-23
    Size
    7,155 SF
    Rate per SF
    $35
    Space
    Outside - 25
    Size
    13,500 SF
    Rate per SF
    $35
    Space
    Inside - G106
    Size
    6,186 SF
    Rate per SF
    $35
    Space
    Inside - C144
    Size
    1,251 SF
    Rate per SF
    $35
    Space
    Inside - F124
    Size
    2,309 SF
    Rate per SF
    $35
    Space
    Inside - F101
    Size
    4,836 SF
    Rate per SF
    $35
    Space
    Food Court - E110
    Size
    613 SF
    Rate per SF
    $35
    Space
    Inside - B128
    Size
    1,216 SF
    Rate per SF
    $35
    Space
    Inside - C140
    Size
    1,208 SF
    Rate per SF
    $35
    Space
    Inside - F104
    Size
    1,291 SF
    Rate per SF
    $35
    Space
    Inside - G120B-G120G
    Size
    1,692 SF
    Rate per SF
    $35
    Space
    Inside - B140
    Size
    531 SF
    Rate per SF
    $35
    Space
    Theatre Conversion Area
    Size
    20,500 SF
    Rate per SF
    $35
    Space
    Food Court - E113
    Size
    343 SF
    Rate per SF
    $35
    Space
    Inside - G125
    Size
    470 SF
    Rate per SF
    $35

    We can help!

    Listing Contact
    Lance Pendleton
    Lance Pendleton

    Learn more

    HighLights

    • Available spaces ranging from 1,038 to 5,780 square feet.
    • Lease rate: $25.00-$35.00 per square foot, per year.
    • NNN charges: $9.00 outside, $13.00 inside.
    • Junior box space up to 31,550 square feet available.
    • Second‑generation restaurant space available.
    • Various interior spaces available; contact agent for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Valley City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.9758534
    Latitude
    40.6906488

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, 1,038-5,780 SF Available
    Where is this individual retail property located?
    The property is located at 3601 S St West Valley City, UT.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Available spaces ranging from 1,038 to 5,780 square feet.; Lease rate: $25.00-$35.00 per square foot, per year.; NNN charges: $9.00 outside, $13.00 inside.
    Request Owner's contact information
    3601 S St West Valley City, UT 84119
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    West Valley City, UT 84119
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    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
    3601 S St West Valley City, UT 84119
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    We can help!
    Listing Contact
    Lance Pendleton
    Lance Pendleton
    Real Estate License ID: UT 5594649-SA00
    Learn more
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