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    1147-1169 Us-40 Vernal, UT 84078

    Sponsored
    For Lease
    $16 SF/Yr

    Vernal Shopping Center: Prime Retail Location

    Lot size:
    18,358 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Uintah Plaza Shopping Center presents a unique investment opportunity in the thriving Vernal, Utah market. This two-building retail center totals 18,358 square feet and offers multiple tenancy options, with 13 suites in total. Currently, there are three available spaces ranging from a minimum of 1,340 square feet to a maximum contiguous space of 5,000 square feet, totaling 5,280 square feet of vacant space. The center is strategically located in the heart of Vernal's primary trade area, benefiting from high visibility and significant traffic volume. Specifically, the property enjoys a prominent position with 23,387 average daily traffic counts on Highway 40. Its convenient location also offers easy access to major transportation routes and is just four minutes away from the renowned Dinosaur National Monument, attracting a steady stream of tourists and local residents. The property is situated in Uintah County, within the Uintah submarket cluster. The asking rate is $2.30 per square foot, triple net (NNN). This presents a compelling opportunity for businesses seeking a well-established location with high traffic counts and proximity to a major tourist attraction. Contact us to discuss leasing options and explore the potential of this prime retail space.

    Property Features for 1147-1169 Us-40

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,358 SF
    Total Rate
    24477.33

    Building Details

    Buildings
    2

    Unit(s) available at that property

    Space
    6
    Size
    2,600 SF
    Rate per SF
    $16
    Space
    7
    Size
    1,340 SF
    Rate per SF
    $16
    Space
    12
    Size
    1,340 SF
    Rate per SF
    $16

    HighLights

    • Retail shopping center totaling 18,358 square feet.
    • Three retail spaces available, ranging from 1,340 to 5,000 square feet.
    • NNN rent of $2.30 per square foot.
    • High traffic count of 23,387 ADT on Highway 40.
    • Prime Vernal location, within the heart of the trade area.
    • Four‑minute proximity to Dinosaur National Monument.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Vernal
    County
    Uintah
    State
    Utah
    Longitude
    -109.54950691579
    Latitude
    40.450942535129

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    FAQs

    What type of property is this?
    Lifestyle center - Vernal Shopping Center: Prime Retail Location
    Where is this lifestyle center located?
    The property is located at 1147-1169 Us-40 Vernal, UT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Retail shopping center totaling 18,358 square feet.; Three retail spaces available, ranging from 1,340 to 5,000 square feet.; NNN rent of $2.30 per square foot.
    Request Owner's contact information
    1147-1169 Us-40 Vernal, UT 84078
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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

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    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
    1147-1169 Us-40 Vernal, UT 84078
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