Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1820 Highway 40 Vernal, UT 84078

    • Retail space
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1206070
    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

    • Retail space

    Property Details for 1820 Highway 40

    Property type
    Retail space
    APN
    05:080:0027
    APU
    50800027

    Description

    This exceptional 1,400 square foot retail space is available for lease at Vernal Marketplace, located at 1820 W Hwy 40, Vernal, UT 84078. Situated in a high-traffic area with excellent visibility directly off Highway 40, this property offers unparalleled exposure to a large customer base. The space is part of a thriving retail marketplace featuring national tenants, ensuring a strong and established commercial environment. The lease rate is a competitive $16.20 per square foot, NNN. This means tenants are responsible for property taxes, insurance, and common area maintenance. The property's location is further enhanced by its proximity to other major retail centers, creating a synergistic environment that benefits all businesses within the area. This presents a unique opportunity for businesses seeking a high-visibility location with established foot traffic and a strong tenant mix. The space is ideal for a variety of retail uses and offers significant potential for growth and success. Interested parties are encouraged to inquire for further details and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Vernal
    County
    Uintah
    State
    Utah
    Longitude
    -109.565
    Latitude
    40.4402
    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
    $27,374
    $678,287
    $2,210,174
    $2,888,461
    -
    $678,287
    $2,210,174
    $2,888,461

    Comparable in this City

    • Value Estimation by Request

      1030 Hwy 40

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

      206 Main St

      RETAIL STORES (PERSONAL SERVICES)
      206 Main St, Vernal, UT 84078-2506
      View Details
    • Value Estimation by Request

      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

    Similar Nearby for Sale

    • $60,000
      0.14 Acres

      Established Pet Grooming Business Opportunity

      Profitable pet grooming and boarding business for sale in Vernal.
      41 Ave S, Vernal, UT 84078
      View Details
    • Contact for pricing
      10,600 SF

      Highway 40 Retail Redevelopment Opportunity

      Retail property on Highway 40 with redevelopment potential.
      825 Highway 40 W, Vernal, UT 84078
      View Details
    • $499,000
      4,085 SF

      Profitable Vernal C-Store Opportunity

      Profitable convenience store with fueling stations on a corner lot.
      1175 Highway 40 W, Vernal, UT 84078
      View Details
    • $550,000
      9.70 Acres

      Vernal Commercial Land & Home

      9.7 Acres, Hwy 40 Retail Opportunity
      2091 1500, Vernal, UT 84078
      View Details
    • $720,000
      3,000 SF

      Historic Restaurant with Modern Updates

      Charming, updated restaurant with indoor/outdoor seating and ample parking.
      189 S Vernal Ave, Vernal, UT 84078
      View Details
    • $89,000
      0.14 Acres

      Vernal Pet Business Opportunity

      Established Pet Grooming & Boarding Business
      Vernal, UT 84078
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44,867 SF

      Highly Visible Commercial Space

      Commercial space for rent in a growing community.
      630 E Main St, Vernal, UT 84078
      View Details
    • Contact for pricing
      33,977 SF

      Versatile Building in High Traffic Area

      Well-maintained commercial building with bay doors, crane, and storefront.
      1222 Highway 40 E, Vernal, UT 84078
      View Details
    • $16 SF/Yr
      1,400 SF

      Vernal Retail Space For Lease

      High-visibility retail space in prime Vernal location.
      1820 Highway 40, Vernal, UT 84078
      View Details
    • $8 SF/Yr
      7,400 SF

      Vernal Warehouse - 7400 SF

      Prime Uintah County warehouse, immediate occupancy.
      1172 Highway 40, Vernal, UT 84078
      View Details
    • Contact for pricing
      2,464 SF

      Retail Space in Vernal Center

      Retail space available in Vernal Towne Center.
      2175 Highway 40 W, Vernal, UT 84078
      View Details
    • Contact for pricing
      2,241 SF

      Retail Space in Vernal Towne

      Retail space available in Vernal Towne Center.
      2125 Highway 40 W, Vernal, UT 84078
      View Details
    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.
    1820 Highway 40
    Vernal, UT 84078
    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

    Google sign-in failed. Please try again or use another login method.