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    1820 Highway 40 Vernal, UT 84078

    For Lease
    $16 SF/Yr

    High-visibility retail space in prime Vernal location.

    Lot size:
    1,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,400 square foot retail space is available for lease at Vernal Marketplace, located at 1820 W Hwy 40, Vernal, UT 84078. Situated in a high-traffic area with excellent visibility directly off Highway 40, this property offers unparalleled exposure to a large customer base. The space is part of a thriving retail marketplace featuring national tenants, ensuring a strong and established commercial environment. The lease rate is a competitive $16.20 per square foot, NNN. This means tenants are responsible for property taxes, insurance, and common area maintenance. The property's location is further enhanced by its proximity to other major retail centers, creating a synergistic environment that benefits all businesses within the area. This presents a unique opportunity for businesses seeking a high-visibility location with established foot traffic and a strong tenant mix. The space is ideal for a variety of retail uses and offers significant potential for growth and success. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    Property Features for 1820 Highway 40

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,400 SF

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    1,400 SF
    Rate per SF
    $16

    HighLights

    • 1,400 SF retail space available for lease at 1820 W Hwy 40, Vernal, UT.
    • High‑traffic location with excellent visibility directly off Highway 40.
    • Located in a thriving retail marketplace with national tenants.
    • Lease rate: $16.20/SF, NNN.
    • Excellent location near other major retail centers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernal
    County
    Uintah
    State
    Utah
    Longitude
    -109.5654095
    Latitude
    40.4402651

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    FAQs

    What type of property is this?
    Retail property - High-visibility retail space in prime Vernal location.
    Where is this retail property located?
    The property is located at 1820 Highway 40 Vernal, UT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 1,400 SF retail space available for lease at 1820 W Hwy 40, Vernal, UT.; High-traffic location with excellent visibility directly off Highway 40.; Located in a thriving retail marketplace with national tenants.
    Request Owner's contact information
    1820 Highway 40 Vernal, UT 84078
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    Vernal, UT 84078
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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
    1820 Highway 40 Vernal, UT 84078
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