Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land For Sale Title is generated by Realmo AI

    2396 W Hwy 40, Vernal, UT 84078

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for purchase.

    Type:Land
    Added:
    Mar 12, 2024
    Days on Market:
    791
    Last Refresh:
    Mar 17 at 1:25 pm

    Property Features for 2396 W Hwy 40

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Brandon Price

    Listing agent Brandon Price License #UT 11888747-SA00

    Listing office NAI Excel

    Listing date Mar 12, 2024

    Source Crexi

    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 NAI Excel

    HighLights

    • This property information is not a representation of the property's state.
    • This property information may not be all‑inclusive.
    • This property information may not contain all the information interested parties may need.

    Overview

    This offering includes selected information pertaining to the property. It does not purport to be a representation of the state of the property, to be all-inclusive, or to contain all or part of the information which interested parties may need. The property is located at 2396 W Hwy 40, Vernal, UT 84078.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernal
    County
    Uintah
    State
    Utah
    Longitude
    -109.569207
    Latitude
    40.434768

    Nearby Similar for Sale

    • $1,495,000

      Vernal Commercial Industrial Investment Opportunity

      Well-maintained 8-unit commercial building near Vernal Regional Airport.
      1001 E 450 S, Vernal, UT 84078
      View Details
    • $2,995,000

      Versatile Commercial Industrial Building

      Five-unit commercial building near Vernal Regional Airport.
      1002 E 450 S, Vernal, UT 84078
      View Details
    • $615,000

      Vernal Office Building For Sale

      Office building in Vernal, Utah, suitable for various business purposes.
      235 W MAIN St, Vernal, UT 84078
      View Details
    • $987,500

      Versatile Land Parcel in Vernal, UT

      7.97 acres in Maeser, Utah with irrigation water shares.
      2284 W 1500 N, Vernal, UT 84078
      View Details
    • $475,000

      Industrial Land in Naples, UT

      4.47 acres of industrial land with road frontage.
      1240 E 1500 S, Vernal, UT 84078
      View Details
    • $2,200,000

      Prime Commercial Building in Vernal

      Commercial building with parking in excellent Vernal location.
      431 E MAIN, Vernal, UT 84078
      View Details
    • $85,000

      Ready-to-Build Lot with Mountain Views

      0.86-acre residential lot in Vernal, ready for construction.
      80 E 4500 S, Vernal, UT 84078
      View Details
    • $720,000
      3,000 SF

      Historic Restaurant with Modern Updates

      Charming, updated restaurant with indoor/outdoor seating and ample parking.
      189 S Vernal Ave, Vernal, UT
      View Details
    • $2,350,000

      Expansive Land with Water Rights

      240-acre property with water shares and subdivision potential.
      3100 E 5600 GOOSE RANCH Rd S, Vernal, UT 84078
      View Details
    • $1,450,000

      Prime Commercial Land For Sale

      Highly visible commercial land with highway frontage in Vernal, Utah.
      2805 W HIGHWAY 40, Vernal, UT 84078
      View Details
    • $150,000

      Industrial Land in Naples

      1.40-acre industrial property with road frontage and access.
      1280 E 1500 S, Vernal, UT 84078
      View Details
    • $840,000

      93 Acres of Vernal Land

      93 acres of land with development potential in Vernal, Utah.
      5600 S 1500 E, Vernal, UT 84078
      View Details

    FAQs

    What type of property is this?
    Land - Land available for purchase.
    Where is this land located?
    The property is located at 2396 W Hwy 40 Vernal, UT.
    What are key features of this property?
    This property features: This property information is not a representation of the property's state.; This property information may not be all‑inclusive.; This property information may not contain all the information interested parties may need.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brandon Price
    Real Estate License ID: UT 11888747-SA00
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2396 W Hwy 40, Vernal, UT 84078
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!