Property profile

145 Ft Un Blvd Midvale, UT 84047

OFF-MARKET
Grocery and convenience stores
Property ID
US86-0403063
14,488 SF 0.98 ac lot Built 2020
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional retail property, located at 145 East Fort Union Blvd in Midvale, Utah, offers a fantastic opportunity for businesses seeking high-visibility space. The two-story, Class B building, constructed in 2020, boasts a total of 14,488 square feet, with multiple suites available for lease. Three spaces are currently available, ranging from 2,178 to 6,808 contiguous square feet. Suite A, a 2,330 square foot ground floor retail space, includes a refrigerated section, ideal for food-related businesses. Suites B and C, each approximately 2,300 square feet, are located on the second floor and offer private covered outdoor patios. The building features an elevator for convenient access to both levels. Ample parking is available for customers and employees. The property sits on a 0.98-acre lot and is zoned CB. Its convenient location provides easy access to Interstates 15 and 215, ensuring high traffic and visibility. This is an excellent opportunity to establish or expand your business in a thriving Midvale location. The minimum divisible space is 2,178 square feet.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2020
Total area 14,488 SF
Lot 0.98 ac (42,689 SF)
Zoning code SF1-DO
APN 22-30-107-042
UPID US86-0403063

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

145 Ft Un Blvd Midvale, UT 84047-1533
Midvale metro Census 112501 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.67M
Blend (final) Blend
$1.91M

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2020
Price N/A
2018
Price N/A
2018
Price N/A
2018
Price N/A
2007
Price N/A
2006
Price N/A

Zoning & alternative use

SF1-DO · Midvale, UT
Zoning description

The duplex overlay zone is intended to provide additional standards for the development of duplexes within the zone district, The duplex overlay zone informs the owners of the standards that will be applied in approving…

General category COMMERCIAL
Top alternative use upside
Restaurant $1.6M +38.7%
Auto repair, garage $1.5M +35.6%
Commercial (general) $1.5M +33.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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