Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2808 W Erda Way Erda, UT 84074
    Back to Search
    Property profile & analytics

    2808 W Erda Way, Erda, UT 84074

    View on Map
    • Commercial real estate
    • 76.00 lot acres
    For Sale
    $12,000,000
    View Listing →
    Erda City Acreage Opportunity For Sale
    $12,000,000
    76.00 Acres

    Erda City Acreage Opportunity

    Large acreage on corner lot in path of development.

    2808 W ERDA WAY, Erda, UT 84074
    View Listing
    Property ID
    US86-1465512
    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

    • Commercial real estate

    Property Details for 2808 W Erda Way

    Lot size
    76.00 lot acres
    Property type
    Commercial real estate
    APN
    05-067-0-0001

    Description

    This exceptional 76-acre commercial property in Erda, Utah, presents a remarkable investment opportunity. Located in the desirable Mid Valley Highway Corridor, this strategically positioned parcel boasts easy access and a hard corner location, offering significant visibility and convenience. Its zoning permits commercial development, making it ideal for a wide range of uses, including warehouses, storage facilities, or mixed-use projects. The property's proximity to key landmarks such as the Lakeview Business Park, Utah Motorsports Campus, and the Purple Building Complex further enhances its appeal. The asking price of $12,000,000 includes substantial water rights, totaling 100.214 acre-feet of underground water, a significant asset in this area. The property's versatility, coupled with its prime location and abundant water resources, makes it an attractive proposition for developers and investors seeking a high-potential commercial venture. The APN is 05-067-0-0001. The address is 2808 W Erda Way, Erda, UT 84074. This land is zoned for commercial use and offers significant potential for various commercial and industrial developments. The included water rights add considerable value to this already exceptional property.

    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
    Erda
    County
    Tooele
    State
    Utah
    Longitude
    -112.37217358571
    Latitude
    40.601058614191

    Comparable in this City

    • Contact for pricing

      Four Industrial Buildings with Rail

      Four 90,000 SF buildings with rail access for sale.
      1492 W K Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      287,000 SF

      Master-Planned Industrial Development

      287,000 SF industrial property with highway access.
      1830 Ut-112, Tooele, UT 84074
      View Details
    • Contact for pricing
      1,118,040 SF

      Master-Planned Industrial Development For Sale

      Large industrial development with highway access and potential rail service.
      1830 Ut-112, Tooele, UT 84074
      View Details
    • Contact for pricing
      40,000 SF

      Tooele Warehouse with Office Space

      40,000 SF warehouse with office and high power capacity.
      1188 W Utah Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      90,000 SF

      Tooele Warehouse with Rail Access

      90,000 SF warehouse with rail access and large lot.
      1398 L Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      83,000 SF

      Tooele Office/Warehouse Buildings on Acreage

      83,000 SF office/warehouse buildings on 54.21 acres in Tooele.
      1188 W Utah Ave, Tooele, UT 84074
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Four Industrial Buildings with Rail

      Four 90,000 SF buildings with rail access for sale.
      1492 W K Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      287,000 SF

      Master-Planned Industrial Development

      287,000 SF industrial property with highway access.
      1830 Ut-112, Tooele, UT 84074
      View Details
    • Contact for pricing
      1,118,040 SF

      Master-Planned Industrial Development For Sale

      Large industrial development with highway access and potential rail service.
      1830 Ut-112, Tooele, UT 84074
      View Details
    • Contact for pricing
      40,000 SF

      Tooele Warehouse with Office Space

      40,000 SF warehouse with office and high power capacity.
      1188 W Utah Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      90,000 SF

      Tooele Warehouse with Rail Access

      90,000 SF warehouse with rail access and large lot.
      1398 L Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      83,000 SF

      Tooele Office/Warehouse Buildings on Acreage

      83,000 SF office/warehouse buildings on 54.21 acres in Tooele.
      1188 W Utah Ave, Tooele, UT 84074
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tooele Warehouse with Rail Access

      90,000+ SF warehouse with rail access and large IOS.
      1398 L Ave, Tooele, UT 84074
      View Details
    • Contact for pricing
      837 SF

      New Construction Flex Space Available

      837 SF flex space with mezzanine and 20' clearance.
      1220 Flinders St, Tooele, UT 84074
      View Details
    • Contact for pricing
      45,000 SF

      Industrial Warehouse Space Available

      45,000 SF warehouse space with rail access.
      55 Lodestone Way, Tooele, UT 84074
      View Details
    • Contact for pricing

      Land For Lease or BTS

      1.27 Acres on Hwy 36 in Tooele, Utah.
      2200 Highway 36 N, Tooele, UT 84074
      View Details
    • Contact for pricing

      Tooele Retail Hub Land

      20 acres available for sale, ground lease, or build-to-suit.
      2250 N Main St, Tooele, UT 84074
      View Details
    • Contact for pricing

      Commercial Land For Rent

      0.44 acre commercial land available for rent.
      188 W 1180 N, Tooele, UT 84074
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2808 W Erda Way
    Erda, UT 84074
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2808 W Erda Way, Erda, UT, 84074
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!