Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2400 Main St Tooele, UT 84074
    Back to Search
    Property profile & analytics

    2400 Main St, Tooele, UT 84074

    View on Map
    • Lifestyle centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 2400 Main St

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    The Peak at Compass Point presents a unique opportunity for retail businesses seeking a prime location in Tooele County, Utah. This new 60-acre retail development is situated on Highway 36 (Main Street), boasting exceptional visibility and strong traffic counts of 26,139 ADT. The development features a Smith's Marketplace anchor tenant, ensuring significant foot traffic and a thriving retail environment. Available spaces include mid-box and pad sites, with drive-thru opportunities for added convenience. The strategic location offers proximity to key community landmarks, including Tooele North High School (less than half a mile away) and the Deseret Peak LDS Temple (a quarter mile away). This development is part of a larger master-planned community, with over 3,500 new single and multi-family homes planned, guaranteeing a substantial and growing customer base. The project is anticipated to open in Summer 2024. This is an exceptional opportunity to establish or expand your retail presence in a rapidly developing area with high potential for success. Contact us for pricing and leasing information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tooele
    County
    Tooele
    State
    Utah
    Longitude
    -112.296
    Latitude
    40.5862

    Comparable in this City

    • Value Estimation by Request
      49,264 SF

      1000 Main St

      Strip malls
      1000 Main St, Tooele, UT 84074
      View Details
    • Value Estimation by Request
      2,578 SF

      397 Main St

      Automotive properties
      397 Main St, Tooele, UT 84074
      View Details
    • Value Estimation by Request
      105.11 Acres

      36 & Old Bauer Rd

      Land
      36 & Old Bauer Rd, Tooele, UT 84074
      View Details
    • Value Estimation by Request
      21,930 SF

      6880 Beaman Way

      Individual retail properties
      6880 Beaman Way, Tooele, UT 84074
      View Details
    • Value Estimation by Request

      600 Sr-112

      Mixed-use properties
      600 Sr-112, Tooele, UT 84074
      View Details
    • Value Estimation by Request
      6.00 Acres

      2400 400

      Individual retail properties
      2400 400, Tooele, UT 84074
      View Details

    Similar Nearby for Sale

    • $249,500
      1,372 SF

      Tooele Retail Space: Main Street Gem

      Prime Tooele location, 1372 sq ft retail space.
      220 Main St, Tooele, UT 84074
      View Details
    • Contact for pricing

      Tooele Land with Drive-Thru Potential

      1.01 acre commercial land with drive-thru opportunity in Tooele.
      1581 N Main St, Tooele, UT 84074
      View Details
    • $1,950,000
      17.22 Acres

      Tooele Retail & Multifamily Land

      17 Acres, Highway 36 Proximity, Development Opportunity
      2510 400, Tooele, UT 84074
      View Details
    • Contact for pricing
      2,000 SF

      Retail Property on 0.69 Acres

      Retail property featuring a 2,000 SF building, built in 2025.
      46 E 600 N, Tooele, UT 84074
      View Details
    • New
      $300,000
      0.18 Acres

      Historic Downtown Retail Buildings

      Three-parcel retail storefront package with shared access; two buildings are vacant and one is currently occupied.
      84 S Main St, Tooele, UT 84074
      View Details
    • Contact for pricing

      Tooele Retail Development Opportunity

      20-acre retail development site in Tooele, Utah.
      2250 N Main St, Tooele, UT 84074
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,155 SF

      Tooele Retail Plaza Space Available

      Retail space available in Tooele's business and retail area.
      205 N Main St, Tooele, UT 84074
      View Details
    • Contact for pricing
      1,000 SF

      Tooele Retail Pad Opportunity

      Retail pad with drive-through in Tooele's business area.
      227-245 N Main St, Tooele, UT 84074
      View Details
    • Contact for pricing
      3,900 SF

      Tooele Retail Space Available

      Retail plaza with ample parking and high visibility on Main.
      205-235 N Main St, Tooele, UT 84074
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Near Smith's Marketplace

      Retail spaces available near Smith’s Marketplace with drive-thru opportunities.
      2326 N 400 E, Tooele, UT 84074
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space in Tooele Corridor

      Retail spaces available in Tooele, Summer/Fall 2025 opening.
      1000 N Main St, Tooele, UT 84074
      View Details
    • Contact for pricing
      3,706 SF

      Retail Space Near Smith's Marketplace

      Retail spaces available near Smith’s Marketplace with drive-thru opportunities.
      322 E 2400 N, Tooele, UT 84074
      View Details
    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.
    2400 Main St
    Tooele, UT 84074
    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
    2400 Main St, Tooele, UT, 84074
    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!