7702 Locust StMidvale, UT 84047

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

Investment properties

Property subtype

Retail residential 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

• 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

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

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