Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7555 Main St Midvale, UT 84047
    Back to Search
    Property profile & analytics

    7555 Main St, Midvale, UT 84047

    View on Map
    • Commercial real estate
    • 2,357 SF
    Off-Market
    Property ID
    US86-0466725
    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

    • Commercial real estate

    Property Details for 7555 Main St

    Property type
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 21, 2023 — The Court Partners LLC Redevelopment Agency Of Midvale Cit Special Warranty Deed $1.8M · Altabank
    Aug 24, 2018 — Redevelopment Agcy Of Midvale Midvale City Quitclaim Deed —

    Description

    This exceptional retail property, known as The Canary Building, presents a unique leasing opportunity in the vibrant Midvale, Utah market. Located at 7555 S Main St, Midvale, UT 84047, this single-tenant building offers a generous 2,357 square feet of completely vacant space, ready for immediate occupancy. The property's prime Main Street location ensures high visibility and accessibility for potential customers, making it ideal for a wide range of retail businesses. The building's total square footage mirrors the vacant square footage, indicating a blank canvas for a new tenant to customize and design their ideal retail space. This presents a rare chance to establish a strong presence in a thriving commercial area. The property's address is easily accessible, offering convenient access for both customers and employees. With its strategic location and ample space, this property is poised to become a successful retail hub. The building is situated in Midvale, Utah, a dynamic city with a growing population and a strong local economy. This presents a compelling opportunity for businesses seeking to establish or expand their operations in a desirable and accessible location. The property's size and location make it suitable for a variety of retail concepts, from boutiques and specialty stores to restaurants and service-oriented businesses. The completely vacant space allows for complete customization to meet the specific needs of the future tenant. This is a remarkable opportunity to secure a prominent retail location in a thriving Utah community.

    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
    Midvale
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.909976
    Latitude
    40.614264

    Comparable in this City

    • Contact for pricing

      Midvale Retail Space For Rent

      Retail space available in Midvale Main Street redevelopment.
      7718 S Main St, Midvale, UT 84047
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Fort Union

      1,500 SF retail space with front and back entrances.
      579-589 E Fort Union Blvd, Midvale, UT 84047
      View Details
    • $16 SF/Yr

      Main Street Retail/Office Space

      Convertible retail/office space in downtown Midvale with parking.
      7676 S Main St, Salt Lake City, UT 84047
      View Details
    • Contact for pricing

      Retail Space in Fort Union

      4,570 SF retail space in a densely populated area.
      715 Fort Union Blvd, Midvale, UT 84047
      View Details
    • Contact for pricing

      Retail Space in Union Heights

      Retail space available for lease in Union Heights.
      7650 Union Park Ave, Midvale, UT 84047
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space Near Hillcrest High

      Retail space for lease with high traffic and parking.
      7301 S Husky Hwy, Midvale, UT 84047
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,248 SF

      Restaurant Property in High-Traffic Area

      4,500 SF restaurant on 1.08 acres with ample parking.
      7495 S Union Park Ave, Midvale, UT 84047
      View Details
    • Contact for pricing
      21,075 SF

      Mixed-Use Investment Opportunity

      Four commercial buildings on 1.29 acres with income potential.
      7676 State St, Midvale, UT 84047
      View Details
    • $5,750,000

      Multi-Tenant Investment Property in Midvale

      Multi-tenant investment property with NNN leases in Midvale, Utah.
      7455 Union Park Ave, Midvale, UT 84047
      View Details
    • Contact for pricing
      75,496 SF

      Retail Space Near Transit Stop

      Retail space with convenient access to transit and major highways.
      25-47 Fort Union Blvd, Midvale, UT 84047
      View Details
    • $6,350,000

      Versatile Commercial Buildings Investment Opportunity

      Four commercial buildings on 1.29 acres with income potential.
      7676-7680 S State St, Midvale, UT 84047
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,700 SF

      Retail Space Near Hillcrest High

      Retail space for lease with high traffic and parking.
      7301 S Husky Hwy, Midvale, UT 84047
      View Details
    • Contact for pricing
      7,500 SF

      Midvale Retail Space For Rent

      7,500 SF retail space with frontage on 900 East.
      935 South Union Ave, Midvale, UT 84047
      View Details
    • Contact for pricing
      1,800 SF

      Creative Office/Retail Space Available

      Renovated creative office/retail space in central Salt Lake Metropolitan area.
      7610-7624 S Main St, Midvale, UT 84047
      View Details
    • Contact for pricing
      4,250 SF

      Retail Space in Historic Area

      Retail spaces available in a historic Midvale location.
      7718 S Main St, Midvale, UT 84047
      View Details
    • Contact for pricing
      2,160 SF

      Salt Lake Valley Retail Space

      Retail spaces available in a 682,000 SF shopping center.
      6905-7035 S 1300 E, Salt Lake City, UT 84047
      View Details
    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.
    7555 Main St
    Midvale, UT 84047
    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
    7555 Main St, Midvale, UT, 84047
    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!