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    280 Main St Price, UT 84501

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    280 Main St Price, UT 84501

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    • Retail space
    • 14,655 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US86-1309338
    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

    • Retail space

    Property Details for 280 Main St

    Year built
    1953
    Lot size
    0.55 lot acres
    Property size
    14,655 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    01-0350-0000

    Description

    This exceptional 14,655-square-foot auto shop, located at 280 E Main St in Price, Utah, presents a unique owner-user investment opportunity. The property, situated on a highly visible, signaled corner lot (0.55 acres) in the heart of Price's Main Street corridor, benefits from significant street frontage and allows for prominent pole and crown signage. Recently renovated in 2023, the two-story building boasts new stucco, paint, and roofing. The interior features ample space for various automotive services, and all existing fixtures, furniture, and equipment (FF&E) are included in the sale. The property includes 16 parking spaces, ensuring convenient access for customers and employees. Built in 1953, this Class C building is zoned for commercial use and offers easy access to Highways 6 and 191. The property will be delivered vacant on August 1, 2024. This is a remarkable chance to capitalize on Price City's ongoing downtown revitalization efforts, as highlighted in the city's new general plan. The asking price is $900,000 ($61.41/sq ft). The property features one unit and is a fee simple ownership. The APN is 01-0350-0000.

    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
    Price
    County
    Carbon
    State
    Utah
    Longitude
    -110.80587674972
    Latitude
    39.599521692172

    Comparable in this City

    • Contact for pricing
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    • New
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      Prime Commercial Parcel in Price

      2-acre commercial parcel with building supplies off Highway 10.
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      Residential Land in Price, UT

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    • $49,500
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      Land in Price Riverview

      Two side-by-side parcels totaling 0.28 acres in Price, Utah.
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      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,149 SF

      Former J.C. Penney Building

      20,149 SF building on Main Street in Price, Utah.
      78 E Main St, Price, UT 84501
      View Details
    • $1,900,000
      5.00 Acres

      Prime Commercial Land For Sale

      5+ acre commercial land ideal for travel center/truck stop.
      8095 E Us-6, Price, UT 84501
      View Details
    • $425,000
      4,493 SF

      Price, Utah Commercial Building

      Centrally located commercial building suitable for various uses.
      60 E 100 N, Price, UT 84501
      View Details
    • New
      $200,000
      Pending

      Prime Commercial Parcel in Price

      2-acre commercial parcel with building supplies off Highway 10.
      3265 Highway 10, Price, UT 84501
      View Details
    • $100,000
      1.38 Acres

      Residential Land in Price, UT

      1.38 acres of land ready for development in Price.
      Price, UT 84501
      View Details
    • $49,500
      0.28 Acres

      Land in Price Riverview

      Two side-by-side parcels totaling 0.28 acres in Price, Utah.
      820 5Th Ave, Price, UT 84501
      View Details
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    Price, UT 84501
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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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