Brigham Lofts Multifamily
For Sale
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747 S Main St, Brigham City, UT 84302
165-unit Class-A multifamily community in Brigham City, Utah.
Property Size198,681 SF
Price / SF$296.80
Days on Market544
Property Features for 747 S Main St
General Information
Standard status
Active
Size
198,681 SF
Class
A
Total Parking Spaces
255
Property subtype
Multifamily
Zoning
P-R-M-30
Net Operating Income
$2,653,620
Building Details
Year Built
2025
Buildings
5
Stories
3
Units
165
Listing Agency:
Equity Real Estate (American Fork)
Listed By:
Porter Christensen · License #UT 11976924-SA00
Source:
Crexi
Added: Apr 24, 2025
Changed: Oct 7
Last Checked: Oct 16 at 8:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Real Estate (American Fork)
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Investment Insights
Based on property information with market context.
Brigham Lofts is a 165-unit multifamily community located in Brigham City, Utah. The property consists of a fully stabilized 93-unit Class-A multifamily asset, with an additional 72 units fully entitled and shovel-ready. The community offers spacious 1-, 2-, and 3-bedroom layouts designed for modern living. Covered parking is included with every unit, and private garage rentals are planned for Phase 2. Brigham Lofts offers a range of amenities, including a resort-style pool and spa (completion July 2025), a state-of-the-art fitness center, a high-end clubhouse, a fully equipped business center, and curated outdoor spaces. The property is positioned in Brigham City, with access to retail, dining, grocery, and services, and is walkable to historic downtown. Phase 2 includes 72 additional units, with designs mirroring the quality and style of Phase 1, as well as garages, additional green space, and enhanced layout options. Construction is launch-ready for Summer 2025.
Key Highlights
- Shovel‑ready Phase 2: 72 additional units fully entitled and ready for construction in Summer 2025.
- Fully stabilized Phase 1: 93 luxury units are complete and performing, providing immediate income.
- Irreplaceable location: Positioned in the heart of Brigham City, Utah.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,806,164
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,123,280
$36.1M
Cap Rate 7%
$25,802,343
$25.8M
Cap Rate 9%
$20,068,489
$20.1M
Market Conditions
NOI Build-Up for 198,681 SF
Gross rent
$3.50M $17.64/SF
− Vacancy
−$220.8K −$1.11/SF
EGI
$3.28M $16.53/SF
− OpEx
−$1.48M −$7.44/SF
NOI
$1.81M $9.09/SF
Area
Box Elder County, UT
Vacancy
6.30%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,123,280
Cap Rate 7%
$25,802,343
Cap Rate 9%
$20,068,489
Alternative Uses
Best Use
Apartment 5plus
$25.80M
$22.58M – $30.10M
NOI $1,806,164 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$51.60M
$45.15M – $60.19M
NOI $3,611,677 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Explore this area
Business Placement
Demographics for 84302, UT
26,564
Population
9,355
Households
2.8
Avg Household Size
34
Median Age
30%
College-Educated
93%
High-School Grad
79.5 sq mi
ZIP Area
334
Density / Sq Mi
$75,247
Median Household Income
$39,468
Median Earnings
$957
Median Rent
$343,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 165-unit Class-A multifamily community in Brigham City, Utah.
Where is this apartment building located?
The property is located at 747 S 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: Shovel‑ready Phase 2: 72 additional units fully entitled and ready for construction in Summer 2025.; Fully stabilized Phase 1: 93 luxury units are complete and performing, providing immediate income.; Irreplaceable location: Positioned in the heart of Brigham City, Utah.
