Tooele, UT
Commercial Real Estate Market Trends & Data

$186 Avg asking sale price
$13 Avg asking lease rate
149,395 SF Avg unit lease size
37,945 SF Avg building size for sale
9.51% Average cap rate

Tooele's Demographic Profile

Tooele has 13,994 households and a median income of $87,297, providing context for rent absorption and tenant demand across retail and multifamily assets. A +23% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 43,674
# Households 13,994
Median age 33
Median household income $87,297
Avg household size 3.0
Renter-occupied housing units 2,979
5-year population change +23%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Tooele, UT

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Herriman $381 10,863 SF 4.67%
West Jordan $239 16,155 SF 9.63%
Nearby Retail Markets Avg Cost/SF Typical Size
Tooele $206 14,467 SF
Grantsville $175 22,854 SF
Herriman $619 36,772 SF
West Jordan $331 8,435 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
West Valley City $275 19,720 SF 5.27%
Magna $275 19,720 SF 5.27%
West Valley $252 44,614 SF 5.98%
Taylorsville $436 69,507 SF 5.98%

Commercial Properties For Sale in Tooele

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Tooele Special Use Building

Tooele, UT 84074

  • 11,400 SF Office Building
  • $2,250,000
For Sale

Tooele Manufacturing Plant

Tooele, UT 84074

  • 73,300 SF Industrial Building
  • $8,750,000
For Sale

226 S 1200 W

Tooele, UT 84074

  • 8,100 SF Industrial Building
  • $2,900,000
For Sale

Best Western Inn Tooele

Tooele, UT 84074

  • 25,208 SF Hospitality
  • 9.51% Cap Rate
  • $3,350,000
For Sale

Lot 2 - Firestation Business Park

Tooele, UT 84074

  • 0.76 AC Lot
  • 1 Industrial Lot
  • $496,584
For Sale

Raw Land

Tooele, UT 84074

  • 1.84 AC Lot
  • 1 Commercial Lot
  • $890,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Multifamily Financing Options & Rates
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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Tooele pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Tooele $186 37,945 SF
Erda $138 42,400 SF
Grantsville $175 22,854 SF

Regional Demographic Comparison

This comparison places Tooele alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Tooele or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Tooele 43,674 13,994 33 $87,297 3 2,979 23%
Erda 10,380 2,624 31 $118,648 4 162 24%
Stansbury Park 6,568 1,862 34 $119,293 4 129 22%
Grantsville 16,040 4,750 33 $92,478 3 762 24%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Tooele, UT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Tooele

View All Commercial Real Estate For Sale in Tooele
Is Tooele a good market for a first-time commercial real estate investor?

Tooele offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Tooele?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Tooele. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Tooele?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Tooele. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Tooele compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Tooele. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Tooele acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Tooele, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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