Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2291 East Highway 40 Roosevelt , UT 84066
    Back to Search
    Property profile & analytics

    2291 East Highway 40 Roosevelt , UT 84066

    View on Map
    • Commercial land
    For Sale
    $650,000
    View Listing →
    11.51 acres Roosevelt Commercial Land For Sale
    $650,000
    500,940 SF

    11.51 acres Roosevelt Commercial Land

    11.51 acres Roosevelt Commercial Land in Roosevelt UT 84066

    2291 East Highway 40, Roosevelt, UT 84066
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 2291 East Highway 40

    Property type
    Commercial land
    Property subtype
    Land

    Description

    This expansive 11.51-acre commercial land parcel in Roosevelt, UT offers a rare opportunity for businesses and developers to secure a prime location in a growing area. With easy access to major roadways, this property is perfectly suited for a variety of commercial ventures, including retail, office, industrial, or mixed-use development. Located in a thriving community, this land is positioned to capitalize on Roosevelt’s economic growth and development potential. Its generous size provides ample space for large-scale projects, while the prime location ensures visibility and accessibility. Whether you're looking to expand your business, start a new venture, or develop a commercial complex, this land offers the versatility and potential to bring your vision to life. Contact us today to learn more about this exceptional commercial land opportunity in Roosevelt!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Roosevelt
    County
    State
    Utah
    Longitude
    -109.955878
    Latitude
    40.302676

    Comparable in this City

    • Value Estimation by Request

      1980 1760

      Land
      1980 1760, Roosevelt, UT 84066
      View Details
    • Value Estimation by Request
      11.51 Acres

      2291 Us-40

      Land • 11.51 Acres
      2291 Us-40, Ballard, UT 84066
      View Details
    • Value Estimation by Request
      0.17 Acres

      560 Highway 40

      Land • 0.17 Acres
      560 Highway 40, Roosevelt, UT 84066
      View Details
    • Value Estimation by Request
      10.00 Acres

      7500 2000

      Farms • 10.00 Acres
      7500 2000, Ballard, UT 84066
      View Details
    • Value Estimation by Request
      1.10 Acres

      581 200

      Land • 1,856 SF
      581 200, Roosevelt, UT 84066
      View Details
    • Value Estimation by Request

      209 200

      Medical Office Space
      209 200, Roosevelt, UT 84066
      View Details

    Similar Nearby for Sale

    • $180,000
      1.23 Acres

      Roosevelt Commercial Land For Sale

      1.23 acre commercial land on a busy highway.
      W N, Roosevelt, UT 84066
      View Details
    • $100,000

      Roosevelt Commercial Land Opportunity

      Commercial land available near new Strata warehouses and Roosevelt City Airport.
      2640 W 2000 S 4, Roosevelt, UT 84066
      View Details
    • $79,750
      10.00 Acres

      Roosevelt Land with Recreational Potential

      10-acre Roosevelt, Utah retreat with recreational opportunities and mountain views.
      Roosevelt, UT 84066
      View Details
    • New
      $125,000
      25.69 Acres

      25.69 Acres in Ballard

      25.69 acres perfect for building a custom home.
      813 S 2500 E, Ballard, UT 84066
      View Details
    • $6,600,000
      57.80 Acres

      Roosevelt Land for Residential Development

      57.8 acres planned for 44 one-acre homesites.
      Roosevelt, UT 84066
      View Details
    • New
      $79,900
      5.33 Acres

      Roosevelt Land Parcel For Sale

      5.33-acre parcel in Roosevelt, UT, ideal for custom home.
      2641 N 3450 W, Roosevelt, UT 84066
      View Details
    View Listing
    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.
    2291 East Highway 40
    Roosevelt , UT 84066
    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
    2291 East Highway 40, Roosevelt , UT, 84066
    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!