Property profile

6775 900th E Midvale, UT 84047

OFF-MARKET
Retail space
Property ID
US86-0547866
11,288 SF 1.09 ac lot Built 1979
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Midvale, Utah property offers 11,288 square feet of versatile space, ideal for a variety of uses including event centers, religious services, education, or dining. Located at 6775 S 900 East, this Class B, multi-tenant building sits on 1.15 acres and includes 75 parking spaces. Built in 1979 with renovations in 2006 and 2021, the three-story building boasts a main kitchen and a separate prep kitchen, perfect for catering or food service. The property also features beautifully landscaped gardens with a waterfall and bridge, providing an attractive outdoor space. Included in the sale are established marketing assets such as a Facebook page and website. The asking price is $4,000,000 ($354.36/sq ft), with an occupancy date of October 31, 2024. This turnkey opportunity allows for immediate functionality and presents a unique chance to own a thriving, multi-use space. The property's flexible layout and modern design make it adaptable to various needs and ambitions.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Construction WOOD FRAME
Total area 11,288 SF
Lot 1.09 ac (47,480 SF)
Zoning code RC
APN 22-20-376-044
UPID US86-0547866

Cap rate & NOI

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

Location

6775 900th E Midvale, UT 84047-1436
Midvale metro Census 112504 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$985k
Blend (final) Blend
$815k

Owner & transaction history

since 2016
7 recorded transactions
2016
Price N/A
2006
Price N/A
2002
Price N/A
2000
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RC · Midvale, UT
Zoning description

Ch. 17-7-12, Regional Commercial Zone (RC) Chapter 17-7-12 REGIONAL COMMERCIAL ZONE (RC) Search Within This This chapter is included in your selections. Sections: 17-7-12.1 Purpose. 17-7-12.2 Uses. 17-7-12.3 Development…

General category COMMERCIAL
Top alternative use upside
Restaurant $1.2M +38.7%
Auto repair, garage $1.2M +35.6%
Commercial (general) $1.2M +33.8%

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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