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    1121 Utah Ave Tooele, UT 84074
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    1121 Utah Ave, Tooele, UT 84074

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    • Distribution centers
    Off-Market
    Property ID
    US86-0780428
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 1121 Utah Ave

    Property type
    Distribution centers

    Description

    This exceptional investment opportunity presents a nearly shovel-ready flex-space project in Tooele, Utah. Located at 1121 W UTAH AVE, 84074, this 3.1-acre site boasts a fully designed plan for a 34,000 square foot warehouse complex. The project encompasses 21 individual units, ranging in size from 1,000 to 3,000 square feet, distributed across six separate buildings. This offers significant flexibility for various business needs, from small startups to larger enterprises. The City of Tooele has enthusiastically endorsed this project and has committed to providing water for the buildout, streamlining the development process. Comprehensive architectural plans and geotechnical reports are available upon request, ensuring a transparent and informed investment decision. The property's strategic location near the Ninigret Peterson Industrial Depot provides excellent access to transportation networks and other industrial facilities. This is a rare opportunity to acquire a fully designed, nearly shovel-ready industrial development in a thriving Utah market. The asking price is $800,000. Don't miss this chance to capitalize on this exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tooele
    County
    Tooele
    State
    Utah
    Longitude
    -112.327773
    Latitude
    40.534976

    Comparable in this City

    • Contact for pricing
      912,800 SF

      Large Industrial Development Opportunity

      Master-planned industrial development with over 9.5M total square feet.
      1830 Ut-112, Tooele, UT 84074
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      287,000 SF

      Master-Planned Industrial Development

      287,000 SF industrial property with highway access.
      1830 Ut-112, Tooele, UT 84074
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      90,000 SF

      Tooele Warehouse with Active Rail

      90,000 SF warehouse space with active rail access.
      1398 L Ave, Tooele, UT 84074
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      1,284,640 SF

      Master-Planned Industrial Development For Sale

      26-building industrial development with over 9.5M total square feet.
      1830 Ut-112, Tooele, UT 84074
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      Four Industrial Buildings with Rail

      Four 90,000 SF buildings with rail access for sale.
      1492 W K Ave, Tooele, UT 84074
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      90,000 SF

      Tooele Warehouse with Rail Access

      90,000 SF warehouse with rail access and large lot.
      1398 L Ave, Tooele, UT 84074
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      912,800 SF

      Large Industrial Development Opportunity

      Master-planned industrial development with over 9.5M total square feet.
      1830 Ut-112, Tooele, UT 84074
      View Details
    • Contact for pricing
      287,000 SF

      Master-Planned Industrial Development

      287,000 SF industrial property with highway access.
      1830 Ut-112, Tooele, UT 84074
      View Details
    • Contact for pricing
      90,000 SF

      Tooele Warehouse with Active Rail

      90,000 SF warehouse space with active rail access.
      1398 L Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      1,284,640 SF

      Master-Planned Industrial Development For Sale

      26-building industrial development with over 9.5M total square feet.
      1830 Ut-112, Tooele, UT 84074
      View Details
    • Contact for pricing

      Four Industrial Buildings with Rail

      Four 90,000 SF buildings with rail access for sale.
      1492 W K Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      40,000 SF

      Tooele Warehouse with Office Space

      40,000 SF warehouse with office and high power capacity.
      1188 W Utah Ave, Tooele, UT 84074
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tooele Warehouse with Rail Access

      90,000+ SF warehouse with rail access and large IOS.
      1398 L Ave, Tooele, UT 84074
      View Details
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      45,000 SF

      Industrial Warehouse Space Available

      45,000 SF warehouse space with rail access.
      55 Lodestone Way, Tooele, UT 84074
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      837 SF

      New Construction Flex Space Available

      837 SF flex space with mezzanine and 20' clearance.
      1220 Flinders St, Tooele, UT 84074
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      Land For Lease or BTS

      1.27 Acres on Hwy 36 in Tooele, Utah.
      2200 Highway 36 N, Tooele, UT 84074
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      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
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    Tooele, UT 84074
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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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    1121 Utah Ave, Tooele, UT, 84074
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