Property profile

7198 Un Park Ave Midvale, UT 84047

OFF-MARKET
Strip malls
Property ID
US86-0043902
9,746 SF 0.92 ac lot Built 1997
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a retail unit containing 3,413 square feet, located at 7198 Union Park Ave in Midvale, Utah. It is situated within a shopping center anchored by major retailers including Walmart, DSW, Ulta, Smith’s, Dick’s Sporting Goods, Ross, and Michaels. The shopping center provides multiple signalized vehicular access points and is connected to the I-215 corridor for regional accessibility. The site is surrounded by more than 1 million square feet of office space and includes patio area suitable for outdoor use.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1997
Total area 9,746 SF
Lot 0.92 ac (40,075 SF)
Zoning code RC
APN 22-29-202-067
UPID US86-0043902

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
  • Alternative Medicine Practice Spa & Massage Center
  • Dental Office
  • Barber Shop
  • Hair Salon Nail Salon
  • Nail Salon

Location

7198 Un Park Ave Midvale, UT 84047-4189
Midvale metro Census 112505 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$543k
Blend (final) Blend
$615k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2021
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
Auto repair, garage $1.0M +111.2%
Commercial (general) $1.0M +108.4%
Retail stores $755,000 +55.7%

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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