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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2640 9000th S West Jordan, UT 84088-8543

    • Grocery and convenience stores
    • 34,460 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimations
    $1,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0513680
    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

    • Grocery and convenience stores

    Property Details for 2640 9000th S

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.80 lot acres
    Property size
    34,460 SF
    Zone code
    SC-2
    Property type
    Grocery and convenience stores
    APN
    27-04-251-013
    APU
    2704251013

    Description

    This exceptional 0.35-acre commercial land parcel presents a unique investment opportunity in West Jordan, Salt Lake County. The property boasts prime visibility on 9000 South, ensuring high traffic and exposure for any business. Currently available as a single-tenant ground lease, the site is strategically anchored by Reams, a well-established business, and surrounded by a strong mix of complementary tenants including Intermountain Instacare, Wells Fargo, Betos, Maverick, Papa Murphy's, and Allstate. This location offers significant advantages for businesses seeking high visibility and convenient access. The property is zoned for commercial use and is priced to be negotiated. The land's size and location make it ideal for a variety of retail or commercial ventures. Serious inquiries are encouraged to discuss pricing and lease terms. This is a rare opportunity to secure a highly visible and desirable location in a thriving commercial area. Don't miss out on this chance to establish your business in a prime West Jordan location. Contact us today to learn more and schedule a site visit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,471,000
      Market price range: $1.39M - $4.17M

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

    Location Insight

    • Map
    • Local Demand
    City
    West Jordan
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.957
    Latitude
    40.589
    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
    $41,012
    $795,800
    $3,294,400
    $4,090,200
    -
    $795,800
    $3,294,400
    $4,090,200

    Comparable in this City

    • Value Estimation
      $405,000
      4,550 SF

      3232 7800th S

      CONVENIENCE STORE • 4,550 SF
      3232 7800th S, West Jordan, UT 84088-4507
      View Details
    • Value Estimation
      $480,000
      4,000 SF

      8166 Uone 11th Hwy

      CONVENIENCE STORE • 4,000 SF
      8166 Uone 11th Hwy, West Jordan, UT 84088
      View Details
    • Value Estimation
      $420,000
      4,005 SF

      7953 Airport Rd

      CONVENIENCE STORE • 4,005 SF
      7953 Airport Rd, West Jordan, UT 84088-7856
      View Details
    • Value Estimation
      $405,000
      4,000 SF

      2730 7800th S

      CONVENIENCE STORE • 4,000 SF
      2730 7800th S, West Jordan, UT 84088-3702
      View Details
    • Value Estimation
      $305,000
      3,896 SF

      3985 7800th S

      CONVENIENCE STORE • 3,896 SF
      3985 7800th S, West Jordan, UT 84088-4317
      View Details
    • Value Estimation
      $265,000
      2,500 SF

      1316 9000th S

      CONVENIENCE STORE • 2,500 SF
      1316 9000th S, West Jordan, UT 84088-9216
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      700 SF

      Prime Commercial Land Available

      Commercial land for sale, lease, or build to suit.
      6050 W 7800 S, West Jordan, UT 84088
      View Details
    • $1,150,000
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      West Jordan Commercial Opportunity

      Turn-key appliance business package for sale in West Jordan.
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      West Jordan Retail Land Opportunity

      Prime 4-acre retail land, build-to-suit available.
      9001 Uone 11 Hwy, West Jordan, UT 84088
      View Details
    • $5,435,870
      14,024 SF

      West Jordan Commercial Site

      Commercial site on 2.63 acres with RV amenities.
      2790 W 7800 S, West Jordan, UT 84088
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    • $130,000
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      Restaurant Business Opportunity in West Jordan

      Operating restaurant business for sale in West Jordan, Utah.
      1391 W 9000 S, West Jordan, UT 84088
      View Details
    • $2,675,000
      6,378 SF

      Turn-Key Restaurant Investment Opportunity

      Net-leased restaurant property with strong tenant and high traffic.
      9155 S Redwood Rd, West Jordan, UT 84088
      View Details

    Similar Nearby for Lease

    • $12,000,000
      1,500 SF

      Retail Pad Site Available

      0.4 acre pad site for ground lease or build-to-suit.
      1593-1669 W 9000 S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      3,364 SF

      West Jordan Retail Space Available

      Retail space for lease in a large power center.
      3812 W 7800 S, West Jordan, UT 84088
      View Details
    • $20 SF/Yr
      2,912 SF

      Retail Space with Renovation Underway

      Retail space available for rent with complete renovation underway.
      1837 W 9000 S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      20,000 SF

      West Jordan Medical/Creative Office Space

      Modern, Class A office suites available.
      8860 Redwood Rd, West Jordan, UT 84088
      View Details
    • $27 SF/Yr
      1,640 SF

      Retail Space at Prominent Intersection

      Retail space available at high-traffic intersection in West Jordan.
      1633 W 7800 S, West Jordan, UT 84088
      View Details
    • $24 SF/Yr
      2,760 SF

      Prime Corner Retail Center Space

      Retail spaces available in West Jordan, easy access to I-15.
      9049-9117 S Redwood Rd, West Jordan, UT 84088
      View Details
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    West Jordan, UT 84088-8543
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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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