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Property profile & analytics
OFF-MARKET
Drive through restaurants

475 Main St Vernal, UT 84078-2509

Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US86-1155468
Property summary
AI-generated overview

This exceptional restaurant property presents a lucrative investment opportunity in Vernal, Utah. Located at 475 W Main St, this 3,770 square foot establishment sits on a 0.84-acre lot (APN: 05 027 0083 & 0084) and is zoned CC1 (Central Commercial Zone). Built in 1977 and renovated in 1993, the property boasts excellent visibility and accessibility, situated at a signalized intersection on Main Street, a high-traffic thoroughfare with over 25,000 vehicles daily. Ample parking is available with approximately 54 spaces. The property is currently 100% occupied as a restaurant, but can be delivered vacant upon request. The asking price is $1,200,000, translating to $318.30 per square foot. This prime location benefits from proximity to major retailers such as Davis Food & Drug, Basin Sports, Ace Hardware, and Family Dollar, and is less than half a mile from Ashley Regional Medical Center. This turnkey operation offers significant potential for immediate income generation or redevelopment within a thriving commercial district. The property's strong location and high visibility make it an ideal investment for both experienced restaurateurs and savvy real estate investors.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
APN 05:027:0083
UPID US86-1155468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • JB'S Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sbi Leasing INC · 17 yrs held
Sbi Leasing INC
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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