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    4055 5415 Kearns, UT 84118
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    4055 5415 Kearns, UT 84118

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    • Retail properties & Spaces
    • 70,198 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4055 5415

    Year built
    1956
    Property size
    70,198 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail investment opportunity presents a well-established strip mall in the thriving Kearns, Utah market. The property, known as Kearns Shopping Center, boasts a total of 70,198 square feet of leasable space, situated at 4055 W 5415 S, Kearns, UT 84118. Originally constructed in 1956 and extensively renovated in 1990, the center offers a blend of classic charm and modern functionality. Currently, there are multiple spaces available, ranging in size from 6,639 square feet to 11,862 square feet, providing flexibility for a variety of retail tenants. Ample parking is provided with 206 spaces, ensuring convenient access for customers. The property's prime location in Kearns, Utah offers excellent visibility and accessibility, making it an ideal investment for those seeking a strong return in a growing market. The property's history demonstrates its enduring appeal and potential for continued success. This is a rare opportunity to acquire a well-maintained, established retail center in a desirable location. The substantial square footage and ample parking make this property a highly attractive investment prospect. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kearns
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.988
    Latitude
    40.6521

    Comparable in this City

    • Value Estimation by Request
      71,380 SF

      4041-4095 5415

      Neighborhood centers • 71,380 SF
      4041-4095 5415, Kearns, UT 84118
      View Details
    • Value Estimation by Request
      0.13 Acres

      4760 4715th S

      RETAIL STORES (PERSONAL SERVICES) • 0.13 Acres
      4760 4715th S, Salt Lake City, UT 84118-6191
      View Details
    • Value Estimation
      $645,000
      17,720 SF

      5448 4220th W

      SHOPPING CENTER, STRIP CENTER • 17,720 SF
      5448 4220th W, Salt Lake City, UT 84118-4316
      View Details
    • Value Estimation
      $760,000
      4,533 SF

      5372 5600th W

      CONVENIENCE STORE • 4,533 SF
      5372 5600th W, West Valley City, UT 84118-7453
      View Details
    • Value Estimation
      $595,000
      14,125 SF

      4075 4715th S

      RETAIL STORES (PERSONAL SERVICES) • 14,125 SF
      4075 4715th S, Salt Lake City, UT 84118-4015
      View Details
    • Value Estimation
      $630,000
      15,660 SF

      5405 4700th Sa

      GROCERY, SUPERMARKET • 15,660 SF
      5405 4700th Sa, Salt Lake City, UT 84118-6352
      View Details

    Similar Nearby for Sale

    • $2,700,000

      Kearns Commercial Property For Sale

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      16,874 SF

      Kearns Office/Retail Building For Sale

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      West Valley City Industrial Land

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      13.90 Acres

      West Valley Land with Rail

      13.9 acres in West Valley City with rail spur access.
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    Similar Nearby for Lease

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      Retail Space For Lease

      Retail space available for lease in Salt Lake City.
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      Kearns Office/Retail Building For Lease

      Entire building for lease in Kearns, available August 2025.
      4250 W 5415 S, Kearns, UT 84118
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      Retail Space Available For Rent

      Retail space available for rent in Salt Lake City, Utah.
      4041-4095 W 5415 South, Salt Lake City, UT 84118
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      Retail Space with Drive-Thru Potential

      Retail space with drive-thru, hard corner location, great visibility.
      5580 South Van Winkle Expy, Salt Lake City, UT 84118
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    • $15 SF/Yr

      Remodeled Space in Kearns

      Newly remodeled commercial space suitable for office or retail use.
      4250 W 5415 S, Kearns, UT 84118
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      15,180 SF

      Industrial Flex Space For Rent

      Industrial/Flex space with highway access, completion scheduled for 2025.
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    4055 5415
    Kearns, UT 84118
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    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
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