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    6985 Park Ctr Dr Midvale, UT 84047

    For Lease
    $40 SF/Yr

    High-traffic retail space available in Midvale, UT

    Lot size:
    123,013 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail property, Park Centre, located at 6985 South Park Centre Drive in Midvale, Utah, presents a compelling investment opportunity. Built in 1990, this multi-tenant center boasts a total of 123,013 square feet of retail space, currently featuring a mix of tenants. The property is situated in Salt Lake County, zip code 84047, offering convenient access and high visibility. Individual spaces range from 1,680 to 3,418 square feet, providing flexibility for various retail businesses. Currently, there are 3,124 square feet of vacant space available, presenting an immediate opportunity for expansion or new tenancy. The property's classification includes Regional Center, Shopping Center, and Strip Tenant designations, indicating its diverse appeal and potential for a wide range of businesses. Its location in the thriving Midvale market offers strong potential for growth and return on investment. The property's size and established presence make it an ideal choice for businesses seeking a prominent location in a busy commercial area. This is a rare opportunity to acquire a well-established retail center with immediate leasing potential in a desirable Utah location. The property's substantial size and existing tenant base provide a solid foundation for future growth and profitability. Contact us today to learn more about this exciting investment opportunity.

    Property Features for 6985 Park Ctr Dr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    123,013 SF
    Total Rate
    410043.33

    Building Details

    Year Built
    1990

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,124 SF
    Rate per SF
    $40

    HighLights

    • 123,013 SF retail center in Midvale, UT (84047).
    • Multi‑tenant property built in 1990 with spaces ranging from 1,680 to 3,418 SF.
    • 3,124 SF of vacant space currently available.
    • Located in a high‑visibility area with convenient access.
    • Owned by Fourels Investment Co.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Midvale
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.853796
    Latitude
    40.624065

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space available in Midvale, UT
    Where is this lifestyle center located?
    The property is located at 6985 Park Ctr Dr Midvale, UT.
    What is the lease rate?
    The lease rate is $40 SF/Yr.
    What are key features of this property?
    This property features: 123,013 SF retail center in Midvale, UT (84047).; Multi-tenant property built in 1990 with spaces ranging from 1,680 to 3,418 SF.; 3,124 SF of vacant space currently available.
    Request Owner's contact information
    6985 Park Ctr Dr Midvale, UT 84047
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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
    6985 Park Ctr Dr Midvale, UT 84047
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