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    296 Apollo Rd Salt Lake City, UT 84116

    For Lease
    Contact for pricing

    .757-Acre Commercial Land, Prime Location

    Lot size:
    33,106 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.757-acre commercial land parcel presents a unique investment opportunity in Salt Lake City's thriving International Center submarket. Located at 296 N Apollo Rd, Salt Lake City, UT 84116, this single-tenant property boasts convenient access via I-80 exit at 5600 West, situated west of the Salt Lake City International Airport. Its prime location offers unparalleled ease of access, with a mere 10-minute drive to downtown Salt Lake City. The property's strategic positioning within a Qualified Opportunity Zone provides significant tax advantages for investors. The surrounding International Center area is a bustling hub of commercial activity, home to over 250 businesses employing more than 9,000 people. Furthermore, the site benefits from proximity to a substantial concentration of hotel rooms, exceeding 2,331, encompassing a range of upscale to economy options, including prominent brands such as Marriott, Hilton, and Hyatt. The lot size is approximately 0.76 acres, and the property is cross-listed with Little Goggin Drain. This property is ideal for a variety of commercial developments, capitalizing on its high visibility and strategic location within a dynamic and rapidly growing area. The property is designated as Commercial Land with a Single Tenancy.

    Property Features for 296 Apollo Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,106 SF

    Unit(s) available at that property

    Space
    Size
    33,106 SF

    HighLights

    • 0.757‑acre parcel.
    • Excellent I‑80 access at exit 5600 West.
    • West of Salt Lake City International Airport, offering convenient access.
    • 10‑minute drive to downtown Salt Lake City.
    • Situated in a Qualified Opportunity Zone.
    • High‑density employment area: Over 250 businesses and 9,000+ employees in the International Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Spa & Massage Auto Repair Shop Hair Salon Nail Salon Pharmacy Law Firm Gym & Fitness Food Market Bar & Pub Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -112.0294169
    Latitude
    40.7723571

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    FAQs

    What type of property is this?
    Land - .757-Acre Commercial Land, Prime Location
    Where is this land located?
    The property is located at 296 Apollo Rd Salt Lake City, UT.
    What are key features of this property?
    This property features: 0.757-acre parcel.; Excellent I-80 access at exit 5600 West.; West of Salt Lake City International Airport, offering convenient access.
    Request Owner's contact information
    296 Apollo Rd Salt Lake City, UT 84116
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    Salt Lake City, UT 84116
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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
    296 Apollo Rd Salt Lake City, UT 84116
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