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    251 Ut-112 Grantsville, UT 84029

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    For Sale
    Contact for pricing

    Utah Office Building: Lease or Buy

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Willow Plaza Development offers a unique investment opportunity in Grantsville, Utah. This three-story Class C office building, constructed in 1985, boasts a Net Operating Income (NOI) of $84,619. The property sits on a sizable lot ranging from 0.5 to 12.51 acres and provides ample parking (31,000 spaces per 1,000 sq ft). Currently, there are flexible lease options available, ranging from 1,500 to 50,670 square feet of space. Lease rates vary depending on the unit type: inline spaces are $26 per square foot (NNN), end units are $30 per square foot (NNN), drive-thru spaces are $34 per square foot (NNN), and midbox/big box spaces are $16 per square foot (NNN). Additionally, the land itself is available for purchase at $15 per square foot. The property is strategically located at 251 UT-112, Grantsville, UT 84029, surrounded by millions of square feet of industrial development. A retail/office grey shell delivery is anticipated in the third quarter of 2024. This presents a compelling opportunity for businesses seeking executive office space or investors looking for a strong return in a rapidly developing area. The property's size and location make it ideal for a variety of uses.

    Property Features for 251 Ut-112

    General Information

    Property type
    Office Properties & Spaces
    Class
    C
    Lot Size
    21,780 SF

    Building Details

    Year Built
    1985
    Stories
    3

    HighLights

    • Class C office building with $84,619 NOI.
    • 1985‑built, three‑story building on 0.5 to 12.51 acres.
    • 1,500 to 50,670 square feet available for lease.
    • Land available for sale at $15 per square foot.
    • Retail/office space for lease: inline at $26/SF NNN, end unit at $30/SF NNN, drive‑thru at $34/SF NNN, and midbox/big box at $16/SF NNN.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grantsville
    County
    Tooele
    State
    Utah
    Longitude
    -112.42523911858
    Latitude
    40.594144724929

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    FAQs

    What type of property is this?
    Office Property / Space - Utah Office Building: Lease or Buy
    Where is this office property / space located?
    The property is located at 251 Ut-112 Grantsville, UT.
    What are key features of this property?
    This property features: Class C office building with $84,619 NOI.; 1985-built, three-story building on 0.5 to 12.51 acres.; 1,500 to 50,670 square feet available for lease.
    (385) 866-3007
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    251 Ut-112 Grantsville, UT 84029
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    Grantsville, UT 84029
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    Realmo Value Estimation

    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.

    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.

    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
    251 Ut-112 Grantsville, UT 84029
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