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Property profile

975 N Main St Richfield, UT 84701

Auto shops
Property ID
US86-0961755
View Sample
0.5 ac lot
Entity Owned 4-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional investment opportunity presents a 3,280 square foot auto service shop located at 975 N Main St, Richfield, UT 84701. The property, built in 1996, sits on a 0.5-acre lot and features a two-story building with a main level of 1,960 square feet, including a 304 square foot office, and a 1,320 square foot basement. The shop boasts a full three-bay pass-through design, complete with pits in each bay, providing ample space for efficient vehicle servicing. The asking price is $850,000, or a lease is available at $60,000 annually (NNN), commencing June 1st, 2024. This single-tenant property benefits from a high-traffic location, surrounded by established businesses such as Subway, Arby's, Flying J, IFA, Best Western, and Mountain America Credit Union, ensuring strong visibility and customer accessibility. The property's APN is 0164844. This turnkey operation presents a compelling opportunity for an established auto service business or a savvy investor seeking a strong return. The property's size, layout, and prime location make it an attractive proposition for a variety of automotive-related businesses. The price per square foot is $259.15.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Lot 0.5 ac (21,780 SF)
APN 1-2-52
UPID US86-0961755

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
2021
Price N/A
2005
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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More about this property
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