Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6990 Highway 38 Honeyville, UT 84314
    Back to Search
    Property profile & analytics

    6990 Highway 38 Honeyville, UT 84314

    View on Map
    • Office buildings
    • 3,075 SF
    • 0.13 lot acres
    For Sale
    $550,000
    View Listing →
    Honeyville Commercial Property - Gas & Market For Sale
    $550,000

    Honeyville Commercial Property - Gas & Market

    Prime location, established business, high traffic.

    6990 Highway 38, Honeyville, UT 84314
    View Listing
    Property ID
    US86-1189843
    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

    • Sinclair / Gas Station

    Property Details for 6990 Highway 38

    Year built
    1938
    Lot size
    0.13 lot acres
    Property size
    3,075 SF
    Property type
    Office buildings
    APN
    04-019-0117
    APU
    40190117

    Description

    This exceptional commercial property in Honeyville, UT, presents a unique investment opportunity. Situated on 0.13 acres at 6990 HWY 38, this property boasts a fully operational gas station and a spacious market, strategically located along a busy route to the popular Crystal Hot Springs. The market area offers significant versatility for various retail ventures, while the gas station ensures a consistent customer flow. Ample storage space is available to accommodate inventory and operational needs. A modern, small kitchen is included, providing the potential for adding food service. Most of the essential equipment will remain with the property, facilitating a seamless transition for the new owner. The property is listed at $550,000, and seller financing is available. While the exact square footage is currently unknown, potential buyers are encouraged to conduct their own independent measurement. This turnkey operation offers immediate income potential and significant growth opportunities. Don't miss this chance to own a thriving commercial business in a high-traffic location.

    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
    Honeyville
    County
    Box Elder
    State
    Utah
    Longitude
    -112.079
    Latitude
    41.6366
    CBSA code
    36260
    CBSA name
    OGDEN-CLEARFIELD, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $761
    $24,360
    $67,352
    $91,712
    -
    $24,360
    $67,352
    $91,712

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      6980 2550th W

      OFFICE BUILDING • 1.50 Acres
      6980 2550th W, Honeyville, UT 84314-4538
      View Details
    • Value Estimation by Request
      1,234 SF

      7090 Hwy 38

      OFFICE BUILDING • 1,234 SF
      7090 Hwy 38, Honeyville, UT 84314-9705
      View Details
    • Value Estimation by Request
      2,310 SF

      6660 Hwy 38

      OFFICE BUILDING • 2,310 SF
      6660 Hwy 38, Honeyville, UT 84314
      View Details
    • Value Estimation by Request
      1,804 SF

      7195 Hwy 38

      OFFICE BUILDING • 1,804 SF
      7195 Hwy 38, Honeyville, UT 84314-9728
      View Details
    • Value Estimation by Request
      576 SF

      7080 Hwy 38

      OFFICE BUILDING • 576 SF
      7080 Hwy 38, Honeyville, UT 84314-9705
      View Details
    • Value Estimation by Request
      3,000 SF

      7550 Hwy 13

      OFFICE BUILDING • 3,000 SF
      7550 Hwy 13, Honeyville, UT 84314
      View Details

    Similar Nearby for Sale

    • $259,000
      1.66 Acres

      Honeyville Agricultural Land For Sale

      1.66 acre agricultural lot with mature trees and canal shares.
      3493 W Windy Poplars Rd, Honeyville, UT 84314
      View Details
    • $550,000
      0.13 Acres

      Honeyville Commercial Property - Gas & Market

      Prime location, established business, high traffic.
      6990 Highway 38, Honeyville, UT 84314
      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.
    6990 Highway 38
    Honeyville, UT 84314
    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
    6990 Highway 38, Honeyville, UT, 84314
    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!