Property profile

1820 Highway 40 W Vernal, UT 84078

FOR LEASE
Retail space
Property ID
US86-1206070
Entity Owned 19-yr Hold ~ Est. High Equity
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1820 Highway 40 W, Vernal, UT 84078 For Lease
Contact for pricing 1,400 SF available
1820 Highway 40 W, Vernal, UT 84078
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
APN 05:080:0027
UPID US86-1206070

Cap rate & NOI

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

Location

1820 Highway 40 W Vernal, UT 84078
Vernal metro Census 968301 VERNAL, UT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2007
3 recorded transactions
2016
Price N/A
2007
Price N/A
2007
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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