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    2385 Highway 40 Roosevelt, UT 84066
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    Property profile & analytics

    2385 Highway 40 Roosevelt, UT 84066

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    • Office Spaces
    • 1.04 lot acres
    Off-Market
    Property ID
    US86-0967407
    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

    • Office Spaces

    Property Details for 2385 Highway 40

    Lot size
    1.04 lot acres
    Property type
    Office Spaces

    Description

    This exceptional commercial property, located at 2385 HWY 40 in Roosevelt, Utah, presents a unique opportunity for a variety of businesses. The building boasts a spacious layout, ideal for both office and shop operations. The front section features a large office with a half-bathroom, an additional office, and a versatile breakroom/office area. This provides ample space for administrative functions and client meetings. The rear of the building offers a substantial double-high bay area, perfect for storage, workshops, or light manufacturing. This section includes an 11' x 11.5' garage door, two man-doors, a second half-bathroom, and a small storage area equipped with shelving. A significant advantage is the inclusion of a full-area electric I-beam hoist system with an electric trolley, although not yet installed. The property sits on a generous 1.04-acre lot, providing significant outdoor space. The expansive 85' x 150' backyard is fully fenced, offering security and privacy. The strategic location on Highway 40 ensures high visibility and easy access for customers and employees. This versatile property is priced at $385,000 and offers a compelling combination of office and shop space, making it an attractive investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Roosevelt
    County
    Duchesne
    State
    Utah
    Longitude
    -110.0362
    Latitude
    40.26981

    Comparable in this City

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      Roosevelt Commercial Land For Sale

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    • $1,800,000
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      Established Event Center For Sale

      Premier multipurpose event venue with FF&E on 2.7 acres.
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    • $79,750
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      Roosevelt Land with Recreational Potential

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    Similar Nearby for Sale

    • Contact for pricing
      3,200 SF

      Large Shop on 3.4 Acres

      Shop with office, bathroom, mezzanine on 3.4 acres.
      4130 South Cove Rd, Roosevelt, UT 84066
      View Details
    • $125,000
      25.69 Acres

      25.69 Acres in Ballard

      25.69 acres perfect for building a custom home.
      813 S 2500 E, Ballard, UT 84066
      View Details
    • $525,000
      1.95 Acres

      Unique Ballard Industrial Property

      Historic Barn/Rink, 1.95 Acres, Huge Potential
      3939 Highway 40, Ballard, UT 84066
      View Details
    • $180,000
      1.23 Acres

      Roosevelt Commercial Land For Sale

      1.23 acre commercial land on a busy highway.
      W N, Roosevelt, UT 84066
      View Details
    • $1,800,000
      12,000 SF

      Established Event Center For Sale

      Premier multipurpose event venue with FF&E on 2.7 acres.
      1024 Us-40, Roosevelt, UT 84066
      View Details
    • $79,750
      10.00 Acres

      Roosevelt Land with Recreational Potential

      10-acre Roosevelt, Utah retreat with recreational opportunities and mountain views.
      Roosevelt, UT 84066
      View Details
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    2385 Highway 40
    Roosevelt, UT 84066
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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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    2385 Highway 40, Roosevelt, UT, 84066
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