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Property profile & analytics
FOR LEASE
Strip malls

1140 W Riverdale Rd Riverdale, UT 84405

19,353 SF 1.36 ac lot Built 2004
Entity Owned 15-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US86-0576418
Property summary
AI-generated overview

This exceptional 19,353 square foot retail center, built in 2004, presents a unique investment opportunity in Riverdale, Utah. Located at 1140 W Riverdale Rd, 84405, this single-story building boasts 10 suites and sits on a 1.36-acre lot. The property offers convenient access to I-84 via SR 26 (Riverdale Rd) and SR 60 (1050 W), ensuring high visibility and accessibility for businesses. Currently, one suite of 1,000 square feet is available, with potential for expansion up to 2,600 square feet. The center enjoys a prime location on Riverdale Road, a high-traffic area with 50,000 vehicles passing daily, and benefits from proximity to major retailers such as At Home, Floor & Décor, Target, Sportsman's Warehouse, and Best Buy. The property's strategic location near I-15 and I-84 further enhances its appeal, providing easy access for customers and employees. The property type includes retail, office, and restaurant spaces, making it suitable for a variety of businesses. This is an excellent opportunity to acquire a well-situated retail center in a thriving Utah market. The property's strong tenant base and high traffic count make it an attractive investment for both seasoned and new investors. The available space presents a chance to establish a new business or expand an existing one in a prime location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2004
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,353 SF
Lot 1.36 ac (59,242 SF)
APN 08-093-0046
UPID US86-0576418
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$995k
Owner & transaction history
Merrills Paint & Glass INC
Merrills Paint & Glass INC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $1.3M +35.4%
Auto repair, garage $1.3M +30.8%
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