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    Property profile & analytics

    1700 500 Vernal, UT 84078

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1209964
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vernal City Cemetery / Cemetery

    Property Details for 1700 500

    Property type
    Commercial real estate

    Description

    This exceptional 1.23-acre lot, located at 1700 W 500 N, Vernal, Utah 84078, presents a unique investment opportunity. Situated adjacent to Uintah High School and Uintah Basin Technical College, this property boasts unparalleled visibility and accessibility, ensuring high foot and vehicle traffic. Its strategic location makes it ideal for diverse development projects. Commercial ventures could include a quick-service restaurant with a drive-thru, capitalizing on the consistent flow of students, faculty, and local residents. Alternatively, the lot is perfectly suited for a residential condominium development, addressing the area's growing housing needs. The property's size and location offer a blank canvas for a high-impact project. Vernal, Utah is a thriving community experiencing population growth and expanding amenities, making this a prime opportunity to participate in the area's upward trajectory. The asking price for this ready-to-develop land is $400,000. This property offers high traffic and visibility, ensuring excellent exposure for any development. Don't miss this chance to invest in a vibrant and growing community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vernal
    County
    Uintah
    State
    Utah
    Longitude
    -109.560748
    Latitude
    40.462994

    Comparable in this City

    • $774,000
      53.78 Acres

      Utah Land: 53 Acres, $774K

      Prime Vernal acreage, residential & agricultural potential.
      3190 6000, Vernal, UT 84078
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    • $695,000
      46.67 Acres

      Vernal Land Parcel For Sale

      Vacant land available in Vernal, Utah.
      3225 E 6000 S, Vernal, UT 84078
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    • $2,495,000
      243.33 Acres

      243 Acres in Vernal, Utah

      243 acres of land with multiple development possibilities.
      3100 E 5600 S, Vernal, UT 84078
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    • $774,000
      53.78 Acres

      Vernal Land For Sale

      53.78 acres of land zoned for residential, agriculture, and mining.
      3190 E 6000 S, Vernal, UT 84078
      View Details
    • $64,000
      0.48 Acres

      Vernal, UT Land For Sale

      0.48 acre lot in Hidden Cove Subdivision.
      1198 N 4090 W, Vernal, UT 84078
      View Details
    • $450,000
      16.63 Acres

      Vernal Land Development Opportunity

      16.63 acres of land with water shares in Vernal.
      2066 S 500 W, Vernal, UT 84078
      View Details

    Similar Nearby for Sale

    • $774,000
      53.78 Acres

      Utah Land: 53 Acres, $774K

      Prime Vernal acreage, residential & agricultural potential.
      3190 6000, Vernal, UT 84078
      View Details
    • $115,000
      1.35 Acres

      Vernal Acreage with Utilities Ready

      1.35-acre lot in Vernal with utilities and fencing.
      3340 E 5000 S, Vernal, UT 84078
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    • $150,000
      1.40 Acres

      Naples Industrial Property For Sale

      1.40-acre industrial property with road frontage and access in Naples.
      1120 E 1500 S, Naples, UT 84078
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    • $60,000
      0.22 Acres

      Land For Sale, Vernal, UT

      Land available in Vernal, Utah with water connection.
      590 E 600 N, Vernal, UT 84078
      View Details
    • $66,000
      0.61 Acres

      Land in Hidden Cove Subdivision

      0.61 acre lot with utilities available in Maeser, Utah.
      1388 N 4075 W, Vernal, UT 84078
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    • $1,150,000

      Retail Land For Sale/Lease

      1.53 acres in front of Walmart, excellent retail location.
      1987 Highway 40 W, Vernal, UT 84078
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,400 SF

      Vernal Retail Space For Lease

      High-visibility retail space in prime Vernal location.
      1820 Highway 40, Vernal, UT 84078
      View Details
    • $8 SF/Yr
      7,400 SF

      Vernal Warehouse - 7400 SF

      Prime Uintah County warehouse, immediate occupancy.
      1172 Highway 40, Vernal, UT 84078
      View Details
    • Contact for pricing
      2,464 SF

      Retail Space in Vernal Center

      Retail space available in Vernal Towne Center.
      2175 Highway 40 W, Vernal, UT 84078
      View Details
    • Contact for pricing
      2,241 SF

      Retail Space in Vernal Towne

      Retail space available in Vernal Towne Center.
      2125 Highway 40 W, Vernal, UT 84078
      View Details
    • Contact for pricing
      44,867 SF

      Highly Visible Commercial Space

      Commercial space for rent in a growing community.
      630 E Main St, Vernal, UT 84078
      View Details
    • $16 SF/Yr
      18,358 SF

      Uintah Plaza: Retail Space Available

      Vernal Shopping Center: Prime Retail Location
      1147-1169 Us-40, Vernal, UT 84078
      View Details
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    1700 500
    Vernal, UT 84078
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    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
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