Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2300 N HIGHWAY 40 Heber City, UT 84032

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,150,000

    2.58-acre commercial/residential development parcel with highway frontage.

    Type:Lots/Land
    Lot size:
    2.58 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Mar 30 at 2:11 am

    Property Features for 2300 N HIGHWAY 40

    General Information

    Standard status
    Active
    Lot size
    2.58 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Kent Spittler

    Listing agent Kent Spittler License #6290320

    Listing office KW Park City Keller Williams Real Estate (Heber Valley Branch)

    Listing date Mar 24, 2026

    Source Exitrealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of KW Park City Keller Williams Real Estate (Heber Valley Branch)

    Overview

    Highway 40 Development Opportunity

    This 2.58-acre parcel is located just off Highway 40 in the North Village Overlay District of Wasatch County. The property offers visibility and accessibility, with high-density commercial and residential development potential. Located in the Town Core transect district, the density is 6 ERUs per net acre. The site is near amenities and has proximity to Deer Valley's new East Village base area. The site also features views of Mount Timpanogos and surrounding peaks, easy access to major utilities, and direct Heber City adjacency. This property is a development candidate or long-term hold.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Heber City
    County
    Wasatch
    State
    Utah
    Longitude
    -111.398485
    Latitude
    40.479347

    Nearby Similar for Sale

    • $400,000

      Heber City Acre with Views

      One acre lot with mountain and reservoir views.
      12114 N EAST PARK Dr, Heber City, UT 84032
      View Details
    • $719,000

      Heber City Corner Lot Parcel

      Development opportunity in Heber City's Central Neighborhood District.
      217 E 100 S, Heber City, UT 84032
      View Details
    • $1,390,000

      Heber City Land with Water

      7.41 acres in Heber City with water rights.
      4714 E LAKE CREEK RD, Heber City, UT 84032
      View Details
    • $3,000,000

      Heber City Land Parcel

      8.9 acres near Deer Valley East Village and Jordanelle Reservoir.
      N E Park Drive lot: 257 256 250, Heber City, UT 84032
      View Details
    • $135,000

      Mountain Homesite with Stunning Views

      Ready-to-build homesite in a gated mountain community.
      2187 Westview Drive, Heber City, UT 84032
      View Details
    • $135,000

      Heber City Homesite with Mountain Views

      Homesite in Timber Lakes with cut-in driveway and building plans.
      2187 W WESTVIEW DR 1364, Heber City, UT 84032
      View Details
    • $1,390,000

      Heber City Land with Water

      7.41 acre agricultural and single-family zoned land.
      4714 E Lake Creek Road, Heber City, UT 84032
      View Details
    • $795,000

      Heber City Land with Views

      Homesite with mountain views and access to community amenities.
      1381 N Monroe Peak Circle lot: 629, Heber City, UT 84032
      View Details
    • $169,900

      Heavily Wooded Lot in Heber

      Private, wooded lot perfect for a mountain getaway or year-round home.
      11485 E VIOLET Way unit: 1845, Heber City, UT 84032
      View Details
    • $375,000

      Heber City Acreage with Views

      Scenic 1-acre lot with mountain and valley views.
      395 S POLE Dr unit: 34, Heber City, UT 84032
      View Details
    • $134,000

      Heber City Land Ready to Build

      Gently sloped lot with mountain views, ready to build.
      2151 S Westview Drive, Heber City, UT 84032
      View Details
    • $950,000

      Heber City Land with Views

      1.91 acre homesite with sweeping mountain and valley views.
      2877 E La Sal Peak Drive lot: 606, Heber City, UT 84032
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.58-acre commercial/residential development parcel with highway frontage.
    Where is this commercial land located?
    The property is located at 2300 N HIGHWAY 40 Heber City, UT.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: 2.58‑acre parcel in Wasatch County's North Village Overlay District (NVOD).; High‑density commercial/residential development potential (6 ERUs per net acre).; Prime location with Highway 40 frontage, offering high visibility and accessibility.
    (435) 649-9882
    We can help!
    Listing Contact
    Kent Spittler
    Real Estate License ID: 6290320
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!