Property profile

5600 Main St Herriman, UT 84096

OFF-MARKET
Retail properties & Spaces
114,563 SF 2.63 ac lot
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Property summary

AI-generated overview

This exceptional 2.63-acre commercial property, located at 5600 West Main Street in Herriman, Utah, presents a lucrative investment opportunity. The site boasts a total square footage of 114,563 square feet, with 69,846 square feet of net rentable space. Priced at $1,187,382, this translates to an attractive price per square foot of $17. The property benefits from its strategic location, offering easy access from the Mountain View Corridor and is surrounded by thriving new retail developments. This area is experiencing significant residential growth, ensuring a strong and expanding customer base. The property's success is further supported by its proximity to established businesses such as Chevron, O'Reilly Auto Parts, Utah Central Credit Union, Jiffy Lube, Arctic Circle, Taco Time, and Subway, creating a vibrant and convenient retail environment. This prime location and existing infrastructure make this a compelling investment for developers and entrepreneurs seeking to capitalize on Herriman's dynamic market. The property is situated in Salt Lake County, Utah, and has a zip code of 84096. This retail land parcel offers significant potential for future development and strong returns on investment.

Property profile

Verified
Property type Retail properties & Spaces
Total area 114,563 SF
Lot 2.63 ac (114,563 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5600 Main St Herriman, UT 84096
Herriman metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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