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    11918 Mustang Trail Way Herriman, UT 84096

    For Lease
    $125,000

    Prime 1.39-acre parcel, build-to-suit options.

    Lot size:
    60,548 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.39-acre parcel presents a unique investment opportunity in the thriving Herriman, Utah submarket of Salt Lake County. Located near the entrance to the expansive 1,000-acre Olympia Hills residential development, this property offers unparalleled visibility and access to a large, growing population. The land is available for sale or ground lease, providing flexibility for various development scenarios. The asking sales price is $25 per square foot, while the annual ground lease rate is $125,000. The property's zoning allows for a variety of uses, including medical office, creative office, retail, and restaurant spaces. Its versatile nature makes it ideal for a single-tenant build-to-suit or a multi-tenant development. The site's location at 11800 South provides excellent accessibility and high traffic counts. With its strategic location and flexible options, this property is poised for significant returns. The lot size falls within the 0.5 to 6-acre range, offering ample space for a substantial development. This is a rare opportunity to acquire a prime parcel in one of Utah's fastest-growing communities. Contact us today to learn more about this exceptional investment opportunity.

    Property Features for 11918 Mustang Trail Way

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,548 SF
    Total Rate
    125000

    Unit(s) available at that property

    Space
    Lot 6
    Size
    60,548 SF
    Rate per SF
    $125,000

    HighLights

    • 1.39‑acre parcel available for sale or ground lease.
    • Office and retail pads available.
    • Asking sale price: $25 per square foot.
    • Ground lease rate: $125,000 per year.
    • Located at the entrance to the 1,000‑acre Olympia Hills residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office 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
    Herriman
    County
    Salt Lake
    State
    Utah
    Longitude
    -112.0336152
    Latitude
    40.5350537

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    FAQs

    What type of property is this?
    Neighborhood center - Prime 1.39-acre parcel, build-to-suit options.
    Where is this neighborhood center located?
    The property is located at 11918 Mustang Trail Way Herriman, UT.
    What is the lease rate?
    The lease rate is $125,000.
    What are key features of this property?
    This property features: 1.39-acre parcel available for sale or ground lease.; Office and retail pads available.; Asking sale price: $25 per square foot.
    Request Owner's contact information
    11918 Mustang Trail Way Herriman, UT 84096
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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
    11918 Mustang Trail Way Herriman, UT 84096
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