Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Redwood Rd Saratoga Springs, UT 84045

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Lehi retail space, land lease options. High traffic location.

    Lot size:
    1,055,580 SF

    Property Features for 0 Redwood Rd

    General Information

    Property type
    Retail space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,055,580 SF

    Building Details

    Buildings
    7

    Spaces For Lease

    at 0 Redwood Rd, Saratoga Springs, UT 84045 Contact us

    We can help!

    Listing Contact
    John Stertzer
    John Stertzer

    Listing Agency: Mountain West CRE Listing Agent: John Stertzer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional opportunity presents retail space and land for lease, ground lease, or build-to-suit within the thriving Cold Springs Ranch Shopping Center in Lehi, Utah. Located on Redwood Road, a high-traffic artery boasting 24,000 average daily traffic (ADT), this property offers unparalleled visibility and accessibility. Seven existing buildings are part of the development, and the available space ranges from a minimum of 1,200 square feet to a maximum contiguous space of 8,000 square feet. Land parcels are also available, ranging from 0.5 to 23.59 acres. The property is zoned C and situated in Utah County, near the intersection of Redwood Road and Cold Springs Drive. This development is part of the larger Cold Springs Ranch Master Plan, ensuring a vibrant and growing community surrounding the property. The property benefits from being in a high-growth trade area, promising strong returns on investment. Space is anticipated to be ready for occupancy in Summer 2024. Contact us for pricing and detailed information on available spaces and land parcels. This is an ideal location for businesses seeking high visibility and access to a large customer base in a rapidly expanding market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Saratoga Springs
    County
    Utah
    State
    Utah
    Longitude
    -111.91748339034
    Latitude
    40.393321554257

    Nearby Similar for Lease

    • Contact for pricing
      217,800 SF

      Saratoga Springs Commercial Leasing Spaces

      Mixed-use commercial development in Saratoga Springs, Utah, for lease.
      1750 N Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • $2 SF/Yr

      Medical Office Space Available

      Second-generation medical office space available in Northern Utah.
      1022 N Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      1,565 SF

      Saratoga Springs Retail Space Available

      Retail spaces available in a rapidly growing Utah city.
      261 Xrd Blvd, Saratoga Springs, UT
      View Details
    • Contact for pricing
      5,990 SF

      Retail Space in Saratoga Springs

      Retail spaces available in a new grocery-anchored center.
      5170 Redwood Rd, Saratoga Springs, UT
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Vasa Fitness

      Retail space with high visibility and convenient access.
      147 E Xrd Blvd, Saratoga Springs, UT
      View Details
    • Contact for pricing
      2,100 SF

      Redwood Road Retail/Office Space

      2,100 SF retail/office space available on Redwood Road.
      1022 N Redwood Rd, Saratoga Springs, UT
      View Details
    • Contact for pricing
      1,464 SF

      Saratoga Springs Retail Space Available

      Retail spaces available in a rapidly growing Utah city.
      333 Xrd Blvd, Saratoga Springs, UT
      View Details
    • Contact for pricing
      6,000 SF

      New Retail Space Available

      Retail spaces available in fast-growing Saratoga Springs area.
      1509 N Commerce Dr, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Saratoga Springs

      Retail space available in Smith's Marketplace anchored center.
      851 N Redwood Rd, Saratoga Springs, UT
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Saratoga Springs

      Retail spaces available in a rapidly growing Utah city.
      287 Xrd Blvd, Saratoga Springs, UT
      View Details
    • Contact for pricing
      1,408 SF

      Retail Space in Saratoga Springs

      Retail spaces available in a rapidly growing Utah city.
      333 E Xrd Blvd, Saratoga Springs, UT
      View Details
    • Contact for pricing
      1,000 SF

      New Retail Space Available

      Retail space available in a fast-growing area.
      87 E Commerce Dr, Saratoga Springs, UT 84045
      View Details

    FAQs

    What type of property is this?
    Retail space - Lehi retail space, land lease options. High traffic location.
    Where is this retail space located?
    The property is located at Redwood Rd Saratoga Springs, UT.
    What are key features of this property?
    This property features: 0.5 - 23.59 acres of land available for lease, ground lease, or build-to-suit.; Retail space ranging from 1,200 to 8,000 square feet available for lease.; High-traffic location on Redwood Road with 24,000 average daily traffic (ADT).
    (801) 456-8800 Call to check price and availability
    Request Owner's contact information
    Redwood Rd Saratoga Springs, UT 84045
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Redwood Rd
    Saratoga Springs, UT 84045
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Redwood Rd Saratoga Springs, UT 84045
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Stertzer
    John Stertzer
    Real Estate License ID: 11265476-SA00
    (801) 456-8800 (801) 852-8573
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!