Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    250 400 Tooele, UT 84074
    Back to Search
    Property profile & analytics

    250 400, Tooele, UT 84074

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

    Current Use by Public Records

    • Land

    Property Details for 250 400

    Lot size
    1.75 lot acres
    Property type
    Land

    Description

    This exceptional 1.75-acre lot in Tooele, Utah, presents a prime opportunity for high-density residential development. Located at 250 W 400 N, Tooele, UT 84074, this property boasts MR-16 zoning, allowing for up to 16 units per acre, totaling a potential of 28 units. The lot is comprised of two parcels: 02-065-0-0002 and 02-065-0-0007. Final plat approval was granted in December 2023, with mylar ready for printing and signing, facilitating a swift closing. A comprehensive engineered plan set for 24 units, already approved by staff, is available. This plan can be quickly finalized for mylar approval. The asking price of $999,000 includes water rights for all units, ready for dedication to the city, with excess water rights also available. Soil reports and the existing plan set are accessible upon serious inquiry. The property's zoning allows for flexibility; the existing 24-unit plan can be re-engineered to accommodate up to 28 units if desired. This is a remarkable opportunity to acquire a fully permitted, high-density residential development site in a rapidly growing area. Don't miss this chance to capitalize on the potential of this exceptional property.

    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
    -112.306
    Latitude
    40.5386

    Comparable in this City

    • Value Estimation by Request
      7.00 Acres

      640 Utah Ave

      Land
      640 Utah Ave, Tooele, UT 84074
      View Details
    • Value Estimation by Request
      39.00 Acres

      1348 Cassity Dr

      Farms
      1348 Cassity Dr, Tooele, UT 84074
      View Details
    • Value Estimation by Request
      6.45 Acres

      2400 Main St

      Land
      2400 Main St, Tooele, UT 84074
      View Details
    • Value Estimation by Request
      2.00 Acres

      151 Feldspar St

      Land
      151 Feldspar St, Tooele, UT 84074
      View Details
    • Value Estimation by Request
      0.50 Acres

      80 Eb Exit 99

      Land
      80 Eb Exit 99, Tooele, UT 84074
      View Details
    • Value Estimation by Request
      10.25 Acres

      2150 400

      Land
      2150 400, Tooele, UT 84074
      View Details

    Similar Nearby for Sale

    • $750,000
      0.63 Acres

      Tooele Commercial Land & Building Lots

      Prime Tooele location, mixed-use potential.
      220 Main St, Tooele, UT 84074
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      80 Eb Exit 99, Tooele, UT 84074
      View Details
    • Contact for pricing

      Land Available For Sale

      Approximately 43 acres of land for sale, will subdivide.
      8000 N E Ave E, Lake Point, UT 84074
      View Details
    • $1,700,000
      1.91 Acres

      Prime Tooele Commercial Land

      1.91 acres, Main Street frontage, high visibility.
      400 Main St, Tooele, UT 84074
      View Details
    • $131,999

      Land in Settlement Canyon

      Land available on Settlement Canyon Road in Tooele, Utah.
      1000 Settlement Canyon Rd, Tooele, UT 84074
      View Details
    • $1,217,066

      Land on Highway 36, Tooele

      Land available on Highway 36 in Tooele, Utah.
      2200 North Main St, Tooele, UT 84074
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Lease or BTS

      1.27 Acres on Hwy 36 in Tooele, Utah.
      2200 Highway 36 N, Tooele, UT 84074
      View Details
    • Contact for pricing

      Tooele Retail Hub Land

      20 acres available for sale, ground lease, or build-to-suit.
      2250 N Main St, Tooele, UT 84074
      View Details
    • Contact for pricing

      Commercial Land For Rent

      0.44 acre commercial land available for rent.
      188 W 1180 N, Tooele, UT 84074
      View Details
    • Contact for pricing

      Tooele Commercial Land Opportunity

      Two separate pads available for ground lease or build-to-suit.
      1057 N 200 W, Tooele, UT 84074
      View Details
    • Contact for pricing

      Tooele Land Pad Available

      Two separate land pads available for lease in Tooele.
      974 N 210 W, Tooele, UT 84074
      View Details
    • Contact for pricing
      14,000 SF

      Tooele Office Space For Lease

      14,000 SF office space available inside Chartway Credit Union.
      586 N Main St, 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.
    250 400
    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
    250 400, 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!