Property profile

55 400th W Vernal, UT 84078

OFF-MARKET
Retail space
Property ID
US86-1124370
0.3 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercially zoned property at 55 400, Vernal, UT, presents a unique investment opportunity. Priced at $350,000, this charming building offers significant potential for various uses. The main level boasts convenient handicap accessibility via a rear entrance. A significant advantage is the property's prime location, situated near Main Street, ensuring high visibility and accessibility. The property includes a substantial 0.3-acre lot, providing ample parking space behind the building and adjacent to the two-car garage. This garage is a versatile space, fully carpeted and insulated, complete with its own HVAC system, making it ideal for additional office space or storage. Adding to the property's appeal is a fully functional basement apartment, featuring two bedrooms and one bathroom, with two separate exterior access points. This apartment offers additional income potential or could serve as staff housing. The square footage is available upon request. All information provided is deemed reliable but not guaranteed

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.3 ac (13,068 SF)
APN 05:023:0084
UPID US86-1124370

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

55 400th W Vernal, UT 84078-2017
Vernal metro Census 968401 VERNAL, UT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2012
Price N/A
2008
Price N/A
2006
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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