2390 Redwood RdWest Valley City, UT 84119
- Healthcare properties
- 4,721 SF
Property Details for 2390 Redwood Rd
- Year built
- 1986
- Construction
- WOOD FRAME
- Lot size
- 1.38 AC
- Property size (Sq ft)
- 4,721 SF
- Zone code
- M
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 15-22-178-025
- APU
- 1522178025
Description
This exceptional 4,721-square-foot medical office building is situated on a 1.38-acre lot in West Valley City, Utah, at 2390 S. Redwood Rd., zip code 84119. The single-tenant property boasts a complete medical clinic build-out, ready for immediate occupancy. Its prime location offers outstanding visibility and convenient access to major freeways, including proximity to the 2100 S. Freeway, I-15, and I-215. The free-standing building ensures excellent tenant identity, enhanced by prominent Redwood Road frontage and a monument sign. Multiple access points provide ease of entry and exit. Ample parking is available, with 21 spaces, exceeding the standard at 4.45 spaces per 1,000 square feet. The property is located in Salt Lake County and is classified as both Office and Land, with a Commercial and Medical Office subtype. The building features a single suite and is available for lease beginning February 1, 2025. This is a rare opportunity to acquire a well-appointed medical office building in a high-traffic area with exceptional visibility and convenient freeway access.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,247,170
- 6.5%
- $1,151,234
- 7%
- $1,069,003
-
Comparable approach
- Method
- Valuation
- Relative Method
- $945,852
- Geo Method
- $945,852
-
Alternative Use
- Use
- Valuation
- Residential
- $1,427,530
- Hospitality
- $1,307,610
- Educational
- $1,087,916
- Medical
- $1,125,331
- Retail
- $1,692,314
Location Insight
- City
- West Valley City
- County
- Salt Lake
- State
- Utah
- Latitude
- 40.7189
- Longitude
- -111.94
- CBSA code
- 41620
- CBSA name
- SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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