Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2700 4700 Salt Lake City, UT 84129

    Property Lookup

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

    2700 4700 Salt Lake City, UT 84129

    View on Map
    • Neighborhood centers
    • 85,324 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 2700 4700

    Year built
    1983
    Property size
    85,324 SF
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    Westwood Shopping Center, located at 2700 W 4700 S in Salt Lake City, Utah, 84129, presents a significant retail opportunity. This established neighborhood center, built in 1983, offers a total of 85,324 square feet of leasable space situated on a 6.85-acre lot in Salt Lake County. Currently, there is 45,750 square feet of vacant space available, divisible into units ranging from a minimum of 4,000 square feet to a maximum contiguous space of 41,750 square feet. The property's classification is Retail, specifically a Neighborhood Center with multiple tenancies. Its convenient location in Salt Lake City provides excellent access to a substantial customer base. This presents a unique chance for businesses seeking flexible space options within a well-established commercial center. The property's size and layout offer considerable potential for a variety of retail uses. Interested parties are encouraged to inquire about available space and lease terms. The property is for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.955
    Latitude
    40.6687

    Comparable in this City

    • Value Estimation
      $600,000
      9,134 SF

      1855 5400th S

      MINI-MALL • 9,134 SF
      1855 5400th S, Taylorsville, UT 84129-1425
      View Details
    • Value Estimation
      $1,190,000
      33,117 SF

      1759 4700th S

      MINI-MALL • 33,117 SF
      1759 4700th S, Taylorsville, UT 84129-1101
      View Details
    • Value Estimation
      $685,000
      12,350 SF

      1853 4700th S

      MINI-MALL • 12,350 SF
      1853 4700th S, Taylorsville, UT 84129-1103
      View Details
    • Value Estimation
      $910,000
      21,659 SF

      3135 5400th S

      SHOPPING CENTER, STRIP CENTER • 21,659 SF
      3135 5400th S, Taylorsville, UT 84129-2271
      View Details
    • Value Estimation
      $1,060,000
      22,550 SF

      1848 5400th S

      SHOPPING CENTER, STRIP CENTER • 22,550 SF
      1848 5400th S, Taylorsville, UT 84129-1458
      View Details
    • Value Estimation
      $615,000
      15,756 SF

      3269 5400th S

      SHOPPING CENTER, STRIP CENTER • 15,756 SF
      3269 5400th S, Taylorsville, UT 84129-3100
      View Details

    Similar Nearby for Sale

    • $1,175,000

      West Valley City Investment Property

      3,472 SF lube and oil service center for sale.
      4650 Constitution Blvd, Salt Lake City, UT 84129
      View Details
    • Contact for pricing

      Land For Sale or Lease

      0.37 acres of raw land with high visibility.
      6186 W Prairie View Dr, Salt Lake City, UT 84129
      View Details
    • Contact for pricing

      Commercial Land Parcel in Taylorsville

      Flat commercial land parcel with drive approach and curb cut.
      5492 S 3200 W, Taylorsville, UT 84129
      View Details
    • $495,000
      2,044 SF

      Taylorsville Duplex with New Flooring

      Duplex with new flooring, ideal for house hacking.
      2332 W 6200 S, Taylorsville, UT 84129
      View Details
    • Contact for pricing
      2,988 SF

      3840 W 5400 S, Salt Lake City, UT 84129

      Flex space • 2,988 SF
      3840 W 5400 S, Salt Lake City, UT 84129
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,606 SF

      Retail Space Near College Campus

      Retail space available near Salt Lake Community College campus.
      1757-1935 W 4700 S, Salt Lake City, UT 84129
      View Details
    • Contact for pricing
      1,996 SF

      Office Space in Central Valley

      Sublease office space available through November 30, 2028.
      2964 W 4700 S, Salt Lake City, UT 84129
      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.
    2700 4700
    Salt Lake City, UT 84129
    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

    2700 4700, Salt Lake City, UT, 84129

    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!