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    11055 Alpine Hwy Highland, UT 84003

    Sponsored
    For Sale
    $3,085,667

    Utah Shopping Center, 100% Occupied

    Property size:
    7,327 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 7,327 square foot, single-story, Class B shopping center in Highland, UT. The property boasts a 6.00% cap rate and a strong net operating income (NOI) of $185,140, generated by two tenants under long-term NNN leases with multiple renewal options. Currently 100% occupied by Burn Boot Camp and Treehouse Dental, this multi-tenant building sits on a 0.58-acre lot (APN: 416900005) and is zoned CR. Strategically located at 11055 Alpine Hwy, Highland, UT 84003, it offers convenient access to I-15 via SR-92 (Timpanogos Highway), approximately 5.5 miles from exit 284. The property benefits from its position within the Highland Mains Shopping Center, a rapidly growing area with a planned $45 million lifestyle retail center expansion slated for completion in Q3 2025. Highland's population has experienced significant growth, increasing nearly 30% since 2010 and projected to grow another 7% in the next five years, exceeding 20,000 residents. This presents a compelling investment in a high-growth area with strong demographics and a stable, high-performing tenant base. The asking price is $3,085,667.

    Property Features for 11055 Alpine Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    7,327 SF
    Class
    B
    Lot Size
    25,265 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Rare opportunity to acquire a 100% occupied, two‑tenant retail building in Highland, UT's highest‑income demographic area.
    • Building features Burn Boot Camp and Treehouse Dental, both with long‑term leases and renewal options.
    • Excellent access via I‑15 and SR‑92, close to exit 284, connecting Alpine and American Fork.
    • High‑growth area: Highland's population has increased significantly and is projected to reach over 20,000 in the next five years, situated within a planned $45 million lifestyle retail center expansion (Q3 2025 delivery).
    Property Profile Location Intelligence

    Current Use by Public Records

    Kevin Johnstun Dentist Treehouse Dental Dentist Burn Boot Camp Gym Do Performance and Fitness Physical Fitness Program

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Utah
    State
    Utah
    Longitude
    -111.7855472
    Latitude
    40.4329257

    Nearby Comparable

    • $3,085,667
      7,327 SF

      Retail Building on Alpine Highway

      Retail building with approximately 7,237 SF of gross leasable area.
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      Highland Marketplace Retail Land

      Prime Highland, UT Retail Land
      5438 Timpanogos Hwy, Highland, UT 84003
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      Highland Office with Mountain Views

      Centrally located Highland office building with underground parking.
      5255 W 11000 N, Highland, UT 84003
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    • $4,219,221

      3.34 Acres Commercial Retail Land

      Commercial land in established trade area, close to I-15.
      5438 W 11000 N, Highland, UT 84003
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    Nearby Similar for Sale

    • $2,255,825
      28,300 SF

      Highland Office with Mountain Views

      Centrally located Highland office building with underground parking.
      5255 W 11000 N, Highland, UT 84003
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    • $3,085,667
      7,327 SF

      Retail Building on Alpine Highway

      Retail building with approximately 7,237 SF of gross leasable area.
      11055 N Alpine Hwy, Highland, UT 84003
      View Details
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      Highland Office Condos for Sale

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      American Fork Medical Office Building

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    FAQs

    What type of property is this?
    Lifestyle center - Utah Shopping Center, 100% Occupied
    Where is this lifestyle center located?
    The property is located at 11055 Alpine Hwy Highland, UT.
    What is the asking price?
    The asking price for this property is $3,085,667.
    What are key features of this property?
    This property features: Rare opportunity to acquire a 100% occupied, two-tenant retail building in Highland, UT's highest-income demographic area.; Building features Burn Boot Camp and Treehouse Dental, both with long-term leases and renewal options.; Excellent access via I-15 and SR-92, close to exit 284, connecting Alpine and American Fork.
    Request Owner's contact information
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    Highland, UT 84003
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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
    11055 Alpine Hwy Highland, UT 84003
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