Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5283 W Anthem Peak Ln Herriman, UT

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial land with drive-thru opportunity in Daybreak community.

    Lot size:
    0.72 Acres

    Property Features for 5283 W Anthem Peak Ln

    General Information

    Lot size
    0.72 Acres

    We can help!

    Listing Contact
    Scott Brady
    Scott Brady
    Source: Moodyscre

    Listing Agent: Scott Brady

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

    Learn more

    Overview

    Hard Corner Lot in Daybreak

    This commercial land is a hard corner lot with a drive-thru opportunity. It offers easy access to and from Mountain View Corridor. The location benefits from traffic counts exceeding 36,600+ ADT on Mountain View Corridor. Situated in the heart of Daybreak, Utah’s fastest-growing Master Planned Community, the property is positioned within a developing area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Herriman
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.944347
    Latitude
    40.48422

    Nearby Similar for Lease

    • Contact for pricing
      140,699 SF

      Herriman Commercial Space For Rent

      Commercial space available in rapidly growing Herriman, Utah.
      12488 S Rosecrest Rd W, Herriman, UT 84096
      View Details
    • $30 SF/Yr
      28,500 SF

      Oquirrh Gateway Office Space

      Herriman, UT: Modern Office Suites Available
      12480 5600, Herriman, UT 84096
      View Details
    • $30 SF/Yr
      1,775 SF

      Class A Office Space Available

      32,476 SF office space with striking finishes for lease.
      13221 Tree Sparrow Dr, Herriman, UT
      View Details
    • Contact for pricing
      160,000 SF

      Herriman Retail Center - For Lease

      Large Retail Space, High Visibility, Utah
      4874 12600, Herriman, UT 84096
      View Details
    • $37 SF/Yr
      8,000 SF

      Retail Space Near Winco Food

      Retail space for lease in high-demand location.
      12252 Herriman Main St, Herriman, UT
      View Details
    • $37 SF/Yr
      1,810 SF

      Retail Space Near Winco Food

      Retail space for lease in high-demand location.
      12252 Herriman Auto Row, Herriman, UT
      View Details
    • Contact for pricing
      2,600 SF

      Riverton Retail Pads: Prime Location

      High-traffic retail pads, drive-thru available.
      4570 12600, Herriman, UT 84096
      View Details
    • Contact for pricing
      1,383 SF

      Herriman Retail Space For Rent

      Retail space available in Smith’s anchored development in Herriman, Utah.
      5506-5560 W 13400 S, Herriman, UT 84096
      View Details
    • $156,876
      2,424 SF

      Herriman Fast Food Sublease Opportunity

      2,424 SF Fast Food Sublease in Herriman, UT
      5402 13400, Herriman, UT 84096
      View Details
    • Contact for pricing
      6,920 SF

      Herriman Retail Space Available

      Modern retail spaces with drive-thru, available Q4 2025.
      5057 W 12600 S, Herriman, UT 84096
      View Details
    • Contact for pricing
      151,757 SF

      Herriman Industrial Flex Space

      151,757 SF flex space available for lease in Herriman.
      15880 S Redwood Rd, Herriman, UT
      View Details
    • Contact for pricing
      4,646 SF

      Herriman Retail Space Available

      Retail space available in Herriman, close to Mountain View.
      13174-13284 S 5600 W, Herriman, UT
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with drive-thru opportunity in Daybreak community.
    Where is this commercial land located?
    The property is located at 5283 W Anthem Peak Ln Herriman, UT.
    What are key features of this property?
    This property features: - Hard corner lot; - Drive-thru opportunity; - Easy access to and from Mountain View Corridor
    (801) 456-8800
    Request Owner's contact information
    5283 W Anthem Peak Ln Herriman, UT
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5283 W Anthem Peak Ln
    Herriman, UT
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    5283 W Anthem Peak Ln Herriman, UT
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott Brady
    Scott Brady
    Real Estate License ID: UT 5500481-SA00
    (801) 456-8800
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.