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    747 Main St Brigham City, UT 84302

    Sponsored
    For Sale
    Contact for pricing

    165-unit, Class A apartment complex

    Property size:
    198,681 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a brand-new, five-building, 165-unit Class A apartment complex in Brigham City, Utah. Located on Main Street, this 2025-built property boasts 198,681 square feet, with 161,192 square feet of net rentable space. The property sits on a 6.7-acre lot and includes 255 parking spaces. Each of the three-story buildings offers modern amenities and design features, catering to today's discerning renter. The property's prime location provides easy access to shopping, dining, and historical sites. With a strong NOI of $2,653,620 and a 4.50% cap rate, this property offers a compelling return on investment. The asking price is $58,969,339, translating to $357,390 per unit and $296.80 per square foot. The property is zoned P-R-M-30 and features a high-demand location in a rapidly growing market, making it an ideal investment for those seeking significant returns. This is a rare opportunity to acquire a landmark property in a thriving Utah community. The property's size and modern design, combined with its strategic location, make it a highly attractive investment prospect. The strong rental demand in Brigham City, coupled with the property's high-quality construction and amenities, ensures a stable and profitable future. This is a unique chance to own a piece of Brigham City's burgeoning growth.

    Property Features for 747 Main St

    General Information

    Property type
    Multifamily properties
    Square Feet
    198,681 SF
    Class
    A
    Lot Size
    291,852 SF

    Building Details

    Year Built
    2025
    Buildings
    5
    Stories
    3
    Units
    165

    HighLights

    • High‑visibility Main Street location near shopping, dining, and historical sites.
    • Brand‑new, 165‑unit multifamily development in a high‑demand market.
    • $58,969,339 asking price, 4.50% cap rate, $2,653,620 NOI.
    • 198,681 total square feet, 161,192 net rentable square feet, $296.80 price per square foot.
    • $357,390 price per unit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brigham City
    County
    Box Elder
    State
    Utah
    Longitude
    -112.01429018844
    Latitude
    41.494109974054

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    FAQs

    What type of property is this?
    Multifamily property - 165-unit, Class A apartment complex
    Where is this multifamily property located?
    The property is located at 747 Main St Brigham City, UT.
    What is the asking price?
    The asking price for this property is $58,969,339.
    What are key features of this property?
    This property features: High-visibility Main Street location near shopping, dining, and historical sites.; Brand-new, 165-unit multifamily development in a high-demand market.; $58,969,339 asking price, 4.50% cap rate, $2,653,620 NOI.
    Request Owner's contact information
    747 Main St Brigham City, UT 84302
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    Brigham City, UT 84302
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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
    747 Main St Brigham City, UT 84302
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