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    Property profile & analytics

    55 400 Vernal, UT 84078

    • Retail space
    • 0.30 lot acres
    For Sale
    View listing
    $350,000
    Value Estimation
    Last Sale
    Oct 06, 2022
    Location Intelligence
    Property ID
    US86-1124370
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Split Mountain Insurance-American National Insurance / Insurance Agency / Auto Insurance Agency

    Property Details for 55 400

    Lot size
    0.30 lot acres
    Property type
    Retail space
    APN
    05:023:0084
    APU
    50230084

    Description

    This exceptional commercially zoned property at 55 400, Vernal, UT, presents a unique investment opportunity. Priced at $350,000, this charming building offers significant potential for various uses. The main level boasts convenient handicap accessibility via a rear entrance. A significant advantage is the property's prime location, situated near Main Street, ensuring high visibility and accessibility. The property includes a substantial 0.3-acre lot, providing ample parking space behind the building and adjacent to the two-car garage. This garage is a versatile space, fully carpeted and insulated, complete with its own HVAC system, making it ideal for additional office space or storage. Adding to the property's appeal is a fully functional basement apartment, featuring two bedrooms and one bathroom, with two separate exterior access points. This apartment offers additional income potential or could serve as staff housing. The square footage is available upon request. All information provided is deemed reliable but not guaranteed

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $420,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $375,000
      Mixed-Use
      $360,000
      Hospitality
      $335,000
      Educational
      $445,000
      Residential Income
      $360,000
      Energy
      $450,000
      Income-Based Land
      $450,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    Vernal
    County
    Uintah
    State
    Utah
    Longitude
    -109.537
    Latitude
    40.4564
    CBSA code
    46860
    CBSA name
    VERNAL, UT MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,915
    $93,916
    $111,041
    $204,957
    -
    $93,916
    $111,041
    $204,957

    Comparable in this City

    • Value Estimation by Request

      1030 Hwy 40

      RETAIL STORES (PERSONAL SERVICES)
      1030 Hwy 40, Vernal, UT 84078-2333
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    • Value Estimation by Request

      206 Main St

      RETAIL STORES (PERSONAL SERVICES)
      206 Main St, Vernal, UT 84078-2506
      View Details
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      95 Main St

      RETAIL STORES (PERSONAL SERVICES)
      95 Main St, Vernal, UT 84078-2501
      View Details
    • Value Estimation by Request

      182 100th S

      RETAIL STORES (PERSONAL SERVICES)
      182 100th S, Vernal, UT 84078-2637
      View Details
    • Value Estimation by Request

      1285 600th S

      RETAIL STORES (PERSONAL SERVICES)
      1285 600th S, Vernal, UT 84078-4235
      View Details
    • Value Estimation by Request

      145 Main St

      RETAIL STORES (PERSONAL SERVICES)
      145 Main St, Vernal, UT 84078-2503
      View Details

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    55 400
    Vernal, UT 84078
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    Realmo Value Estimation

    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.

    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.

    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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