7702 Locust StMidvale, UT 84047

  • Mixed-use properties
  • 3,120 SF
For Sale
$2,300,876 View listing

Property Details for 7702 Locust St

Year built
1976
Construction
WOOD FRAME
Lot size
0.18 AC
Property size (Sq ft)
3,120 SF
Zone code
RC
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
21-25-378-009
APU
2125378009

Description

This Midvale, UT industrial property offers a compelling investment opportunity with a strong current income stream and significant upside potential. The property consists of two parcels (Parcel#21253780090000, Parcel#21253780110000, Parcel#21253780120000) totaling 0.18 acres and features approximately 4,200 square feet of office space currently leased to Canyon Transportation and Ataly Styles. Canyon Transportation's lease expires June 30, 2026, while Ataly Styles' lease concludes December 10, 2025. A valuable YESCO billboard sign generates an additional $1,600.00 in monthly income. The property's current annual net operating income (NOI) is $113,220.24 based on September 2024 figures (Income: $126,667.68

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,022,060
    6.5%
    $943,440
    7%
    $876,052
  • Comparable approach

    Method
    Valuation
    Relative Method
    $968,893
    Geo Method
    $968,893
  • Alternative Use

    Use
    Valuation
    Residential
    $943,440
    Hospitality
    $864,186
    Educational
    $718,993
    Medical
    $743,720
    Retail
    $1,118,433
7702 Locust St, Midvale, Utah

Location Insight

City
Midvale
County
Salt Lake
State
Utah
Latitude
40.6112
Longitude
-111.905
CBSA code
41620
CBSA name
SALT LAKE CITY, 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
2023
$6,088
$213,500
$353,700
$567,200
-
$213,500
$353,700
$567,200

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