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    Property profile & analytics

    3092 Richmond St Salt Lake City, UT 84106

    • Retail properties
    • 10,000 SF
    • 2.16 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3092 Richmond St

    Year built
    2024
    Lot size
    2.16 lot acres
    Property size
    10,000 SF
    Property type
    Retail properties
    Property subtype
    Restaurants

    Description

    This exceptional Class A retail property, located in the heart of Salt Lake's Millcreek submarket, offers 4,210 square feet of immediately available space. The building, constructed in 2024, is a five-story structure with retail space occupying the main level. The total building size is 10,000 square feet, with individual units ranging from a minimum of 1,000 square feet to a maximum contiguous space of 4,210 square feet. Five separate retail spaces are available for lease. The property sits on a 2.16-acre lot (APN: 16-29-428-018-0000) and is zoned RC. Its convenient location near the intersection of 3300 South and 1300 East provides excellent walkability to surrounding residential areas. This prime retail space presents a unique opportunity for businesses seeking high visibility and accessibility within a thriving community. The property's modern design and prime location make it an ideal space for a variety of retail or restaurant concepts. Contact us for pricing and leasing information.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.855
    Latitude
    40.7042

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    3092 Richmond St
    Salt Lake City, UT 84106
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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
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