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    3450 S Highland Dr Salt Lake City, UT 84106

    For Sale
    $5,800,000

    Land for sale with Verizon cell tower lease.

    Property size:
    32,898 SF
    Lot size:
    1.94 Acres

    Property Features for 3450 S Highland Dr

    General Information

    Size
    32,898 SF
    Lot size
    1.94 Acres

    Source: Mountain West - Corporate Agent Spencer Greer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highland Drive Land Opportunity

    This property features a Verizon cell tower lease with 2% annual increases. The zoning is R-M. A right of first refusal (ROFR) exists with a 30-day term. The property size is 32898 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    University Federal Credit ... Federal Credit Union Global Medical Medical Supply Store UFirst Credit Union ... Financial Institution Convergia Inc Electronic Parts Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8498377
    Latitude
    40.6962203

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    FAQs

    What type of property is this?
    Commercial land - Land for sale with Verizon cell tower lease.
    Where is this commercial land located?
    The property is located at 3450 S Highland Dr Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: - Highland Drive Land; - Address: 3480 South Highland Drive, Millcreek, UT 84106; - Zoning: R-M
    (801) 456-8800
    Request Owner's contact information
    3450 S Highland Dr Salt Lake City, UT 84106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3450 S Highland Dr Salt Lake City, UT 84106
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