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    2039 East South Sandy, UT 84093
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    Property profile & analytics

    2039 East South Sandy, UT 84093

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    • Grocery and convenience stores
    • 66,303 SF
    • 5.60 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Retail Space Available For Lease For Lease
    $22 SF/Yr
    7,708 SF

    Retail Space Available For Lease

    Retail space available for lease, totaling 7,708 square feet.

    2039 East 9400 South, Sandy, UT 84093
    View Listing
    Property ID
    US86-0897743
    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

    • U.S. Bank Branch / Bank / Loan Service
    • Ocean Ice / Restaurant / Take-out & Catering
    • Smith's Fuel Center / Gas Station
    • Smith's / Grocery & Convenience Store / Food Market
    • Coinstar / Atm / Currency Exchange Service

    Property Details for 2039 East South

    Year built
    1978
    Lot size
    5.60 lot acres
    Property size
    66,303 SF
    Zone code
    CN
    Property type
    Grocery and convenience stores
    APN
    28-03-351-036
    APU
    2803351036

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,355,000
      Current use
      WAREHOUSE, STORAGE
      $5,030,000
      Change: -6% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,685,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.833
    Latitude
    40.5814
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN 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
    $108,320
    $3,713,900
    $7,433,600
    $11,147,500
    -
    $3,713,900
    $7,433,600
    $11,147,500

    Comparable in this City

    • Value Estimation by Request
      2,880 SF

      2175 9400th S

      CONVENIENCE STORE • 2,880 SF
      2175 9400th S, Sandy, UT 84093-3201
      View Details
    • Value Estimation
      $2,245,000
      62,906 SF

      1860 9400th S

      GROCERY, SUPERMARKET • 62,906 SF
      1860 9400th S, Sandy, UT 84093-3000
      View Details
    • Value Estimation by Request
      1,769 SF

      8655 Highland Dr

      CONVENIENCE STORE • 1,769 SF
      8655 Highland Dr, Sandy, UT 84093-1642
      View Details
    • Value Estimation by Request
      0.04 Acres

      7361 Crk Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
      7361 Crk Rd, Sandy, UT 84093-6154
      View Details
    • Value Estimation by Request
      3,499 SF

      2079 9400th S

      FINANCIAL BUILDING • 3,499 SF
      2079 9400th S, Sandy, UT 84093-3128
      View Details
    • Value Estimation
      $2,085,000
      14,862 SF

      2090 9400th S

      DRUG STORE, PHARMACY • 14,862 SF
      2090 9400th S, Sandy, UT 84093-2913
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,100 SF

      Office Condo with Flexible Tenancy

      4,100 SF office condo with value-add potential.
      7410-7430 S Creek Rd, Sandy, UT 84093
      View Details
    • Contact for pricing

      Sandy Land Parcel For Sale

      0.725 acre commercial land parcel in Sandy, Utah.
      2275 Little Cottonwood Rd, Sandy, UT 84093
      View Details
    • $900,000
      4,209 SF

      Class A Office Space Available

      4,209 SF office space with high-end finishes for sale.
      7370-7390 S Creek Rd, Sandy, UT 84093
      View Details
    • $700,000
      0.25 Acres

      Residential Land in Prestigious Location

      Home site on Willow Creek Country Club's hole #8.
      2670 E Bridger Blvd S, Sandy, UT 84093
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      7,708 SF

      Retail Space Available For Lease

      Retail space available for lease, totaling 7,708 square feet.
      2039 East South, Sandy, UT 84093
      View Details
    • Contact for pricing
      4,839 SF

      Office Space with Mountain Views

      Office space for lease near I-215 with parking.
      7440 S Creek Rd, Sandy, UT 84093
      View Details
    • Contact for pricing
      7,040 SF

      East Bench Office Space

      Office space with easy access to I-15.
      1333 E 9400 S, Sandy, UT 84093
      View Details
    View Listing
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    Sandy, UT 84093
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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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