Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Market St Saratoga Springs, UT 84045

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Market St Saratoga Springs, UT 84045

    View on Map
    • Land
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Market St

    Lot size
    0.50 lot acres
    Property type
    Land

    Description

    This exceptional commercial land opportunity in Saratoga Springs, Utah, presents pad sites ranging from 0.5 to 3 acres, ideal for retail development. Located at the intersection of Market Street and Pioneer Crossing, this property boasts a coveted "C" zoning designation. The site benefits from a highly desirable location, anchored by established businesses including Smith's Marketplace, Hobby Lobby, Sportsman's Warehouse, and a soon-to-be-built University of Utah hospital. A new dual hotel project will further enhance the area's appeal and foot traffic. The property's proximity to Fat Cats adds to its strong retail potential. This is a rare chance to secure land in a thriving area with significant growth prospects. Lots can be subdivided to meet specific development needs. The land is priced at $30 per square foot. This prime location offers unparalleled access to a dense population base and significant commercial activity, making it an exceptional investment opportunity. The 84045 zip code ensures easy access to major transportation routes and amenities. Contact us today to learn more about this exciting development opportunity in the heart of Saratoga Springs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Utah
    State
    Utah
    Longitude
    -111.921
    Latitude
    40.378

    Comparable in this City

    • Value Estimation by Request
      7.42 Acres

      51 Redwood Rd

      Land • 7.42 Acres
      51 Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • Value Estimation by Request
      23.59 Acres

      Redwood Rd

      Individual retail properties • 23.59 Acres
      0 Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • Value Estimation by Request

      Ring Rd

      Land
      0 Ring Rd, Saratoga Springs, UT 84045
      View Details
    • Value Estimation by Request

      220 Market St

      Land
      220 Market St, Saratoga Springs, UT 84045
      View Details
    • Value Estimation by Request
      16.47 Acres

      201 Brookshire Dr

      Land • 16.47 Acres
      201 Brookshire Dr, Saratoga Springs, UT 84045
      View Details
    • Value Estimation by Request

      83 Crossroads Blvd

      Restaurants
      83 Crossroads Blvd, Saratoga Springs, UT 84045
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available in Saratoga Springs

      Land for sale at Pioneer Crossing & Redwood Rd.
      Pioneer Xing & Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      466 N Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      3,500 SF

      Retail Pads Available For Sale

      Retail pads available with drive-thru opportunities and great visibility.
      227 Lariat Blvd, Saratoga Springs, UT 84045
      View Details
    • $1,950,000
      70.00 Acres

      70 Acres Near Saratoga Springs

      70-acre land parcel with lake and mountain views.
      Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      3,000 SF

      Retail Pads Available For Sale

      Commercial land with drive-thru opportunities and great visibility.
      267 W Weatherby Dr, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      3.22 acres of commercial land off Redwood Road.
      2538 N Redwood Rd, Saratoga Springs, UT 84045
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,800 SF

      Saratoga Springs Retail Pads

      Prime Retail Land, Drive-Thru Potential
      0 Ring Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing

      Retail Buildings Available Fall 2025

      Retail buildings for lease in rapidly growing area.
      S Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing

      Retail Center Anchored by Smith’s

      Retail spaces and pads available for lease or sale.
      Pioneer Xing & Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      25,008 SF

      Saratoga Springs Industrial Sublease

      Industrial property available for sublease in Saratoga Springs, Utah.
      629 N Saratoga Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in High-Growth Area

      Retail spaces available in a high-growth area, delivery Summer 2024.
      3048 Redwood Rd, Lehi, UT 84045
      View Details
    • Contact for pricing
      1,000 SF

      New Retail Space Available

      Retail space available in a fast-growing area.
      87 E Commerce Dr, Saratoga Springs, UT 84045
      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.
    Market St
    Saratoga Springs, UT 84045
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!