Property profile

95 Main St Vernal, UT 84078

OFF-MARKET
Retail space
Property ID
US86-1207514
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property in Vernal, Utah, presents a lucrative investment opportunity, priced at $1,350,000. The 10,000 square foot building, comprised of 5,000 square feet on each of two levels, is currently fully leased, generating consistent rental income. A recent, extensive renovation (October 2019 - February 2020) encompassed a new roof, electrical system, plumbing, insulation, and modern flooring throughout. These upgrades ensure a high-quality space for tenants and attract clientele. The property benefits from significant city improvements to the adjacent parking lot, enhancing accessibility and visibility for businesses housed within. Ample street parking further complements the convenient location. Situated in a high-traffic area of Vernal, this versatile space is ideal for a variety of retail and office uses. The 0.12-acre lot provides ample space for the building and its operations. Showings are by appointment only to ensure a respectful and private viewing experience for potential buyers. Please do not disturb the tenants. This is a rare opportunity to acquire a fully renovated, income-producing commercial property in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
APN 05:026:0011
UPID US86-1207514

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
  • Real Estate Agency
  • Real Estate Agency
  • Property Management Company

Location

95 Main St Vernal, UT 84078-2501
Vernal metro Census 968403 VERNAL, UT MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2016
1 recorded transaction
2016
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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