9 E Main St, Enterprise, UT 84725

Building Details

Building Size 3,496 SF More

Year Built 1961 More

Listing Agency: NAI Excel

Listed By: Curren Christensen · License UT 6431250-SA00 Show Phone

Source: Naiglobal

Added: Nov 12 Last Checked: Nov 12 at 2:30PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1961 auto shop is offered with its automotive repair business. The building contains three service bays, a showroom, and office space, combining repair and administrative areas at one property.

Located at 9 E Main St in Enterprise, Utah, the property is presented as a sale of both the real estate and the operating business.

Key Highlights

• Three service bays
• Automotive repair business offered with the real estate
• Showroom and office space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$43,081

Cap Rate

7.19%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$861,620 $861.6K

Cap Rate 7%

$615,443 $615.4K

Cap Rate 9%

$478,678 $478.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,496 SF

Gross rent

$62.9K $18.00/SF

− Vacancy

−$1.4K −$0.40/SF

EGI

$61.5K $17.60/SF

− OpEx

−$18.5K −$5.28/SF

NOI

$43.1K $12.32/SF

Area

Washington County, UT

Vacancy

2.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$861,620

Cap Rate 7%

$615,443

Cap Rate 9%

$478,678

Alternative Uses

Best Use

Retail

$615.4K

$538.5K – $718.0K (±1% cap)

NOI $43,081 @ 7.0% cap · market cap 7.19%

Second Best

Industrial

$348.1K

$304.6K – $406.1K (±1% cap)

NOI $24,368 @ 7.0% cap · market cap 4.07%

Theoretical Best

Specialty Retail

$962.7K

$842.4K – $1.12M (±1% cap)

NOI $67,389 @ 7.0% cap · market cap 11.25%

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

Auto shops

Lease Details

3

Service bays

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

102

Businesses Nearby

Explore this area Business Placement

Demographics for 84725, UT

2,298

Population

634

Households

3.6

Avg Household Size

29

Median Age

20%

College-Educated

97%

High-School Grad

150.4 sq mi

ZIP Area

15

Density / Sq Mi

$80,875

Median Household Income

$43,024

Median Earnings

$1,283

Median Rent

$350,000

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar Off Market Nearby

• B & W Tire Service — 460 200 S, Enterprise, UT 84725
• CJ Buffer logo — 241 W 100 S St, Enterprise, UT 84725
• A&T Towing and Transport LLC — 117 300 E, Enterprise, UT 84725
• Enterprise Auto — 16 N Center, Enterprise, UT 84725
• Fixin Piston Moto Repair LLC — 180 E Main St, Enterprise, UT 84725

Frequently Asked Questions

What type of property is this?

Auto shop - The property is offered with an established automotive repair operation and includes customer-facing showroom and office areas.

Where is this auto shop located?

The property is located at 9 E Main St Enterprise, UT.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: Three service bays; Automotive repair business offered with the real estate; Showroom and office space