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    5300 11000 Highland, UT 84003

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    For Lease
    Contact for pricing

    New Highland, UT Retail/Office

    Lot size:
    117,256 SF

    Property Features for 5300 11000

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    117,256 SF

    Building Details

    Year Built
    2025
    Buildings
    11

    Spaces For Lease

    at 5300 11000, Highland, UT 84003 Contact us
    Unit Building B - Suite B5

    $55 /Mo

    Size
    1,925 SF
    Contact us
    Unit Building D - Suite D2

    $55 /Mo

    Size
    1,097 SF
    Contact us
    Unit Building C - Suite C6

    $55 /Mo

    Size
    1,833 SF
    Contact us
    Unit Building B - Suite B4

    $55 /Mo

    Size
    3,949 SF
    Contact us
    Unit Building C - Suite C7

    $55 /Mo

    Size
    1,381 SF
    Contact us
    Unit Building B - Suite B6

    $55 /Mo

    Size
    1,176 SF
    Contact us
    Unit Building D - Suite D4

    $45 /Mo

    Size
    3,024 SF
    Contact us
    Unit Building D - Suite D3

    $55 /Mo

    Size
    1,143 SF
    Contact us
    Unit Building D - Suite D1

    $55 /Mo

    Size
    1,437 SF
    Contact us
    Unit Building D - Suite D6

    $55 /Mo

    Size
    965 SF
    Contact us
    Unit Building B - Suite B3

    $55 /Mo

    Size
    2,614 SF
    Contact us
    Unit Building B - Suite B1

    $55 /Mo

    Size
    2,129 SF
    Contact us
    Unit Building B - Suite B2

    $55 /Mo

    Size
    1,295 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Lance Pendleton
    Lance Pendleton

    Listing Agency: Mountain West CRE Listing Agent: Lance Pendleton

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

    Learn more

    Overview

    Highland Mains, a stunning new development in Highland, UT (84003), offers exceptional retail, office, and restaurant spaces. Located at 5300 W 11000 N, this premier outdoor shopping and dining destination is situated in a high-income area of Utah County, boasting unparalleled visibility and accessibility. This 11-building complex, designed by the team behind the One Paseo Project in Del Mar, CA, promises a vibrant and thriving atmosphere. The property features multiple tenancy options, perfect for businesses of all sizes seeking a prime location. Construction is a new build, slated for completion in Q3 2025, presenting a unique opportunity to secure space in a highly anticipated development. Highland Mains is poised to become the central hub for dining, shopping, and services in the area, attracting a significant customer base. The "Traditional Office" subtype spaces are ideal for businesses seeking modern, efficient, and well-located office environments. This is an exceptional opportunity to establish a presence in a rapidly growing and affluent community. Don't miss the chance to be part of this exciting new development. Contact us today to learn more about available spaces and leasing options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Utah
    State
    Utah
    Longitude
    -111.7849353
    Latitude
    40.4320549

    Nearby Similar for Lease

    • $47 SF/Yr
      2,415 SF

      Retail and Office Space Available

      Retail, medical, and executive office spaces for lease.
      10759 N Oslo Dr, Highland, UT
      View Details
    • Contact for pricing
      1,300 SF

      Highland Retail & Restaurant Space

      Retail and restaurant spaces available in Highland, Utah.
      5406 W 11000 N, Highland, UT 84003
      View Details
    • Contact for pricing
      1,842 SF

      Highland Retail & Restaurant Space

      Located in a high-income area, ideal for dining.
      5374 W 11000 N, Highland, UT 84003
      View Details
    • Contact for pricing
      6,915 SF

      Highland Office/Retail Space Available

      Two buildings with suites available, mountain views, and nearby amenities.
      11073 Alpine Hwy, Highland, UT 84003
      View Details

    FAQs

    What type of property is this?
    Restaurant - New Highland, UT Retail/Office
    Where is this restaurant located?
    The property is located at 5300 11000 Highland, UT.
    What is the lease rate?
    The lease rate is $0.00-$55 SF/Yr.
    What are key features of this property?
    This property features: East Bench of Highland location.; High-income area of Highland & Alpine, Utah County.; 70% dining/restaurant, 30% shops/services tenant mix.
    (801) 885-4304 Call to check price and availability
    Request Owner's contact information
    5300 11000 Highland, UT 84003
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    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
    5300 11000 Highland, UT 84003
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lance Pendleton
    Lance Pendleton
    Real Estate License ID: 5594649-SA00
    (801) 885-4304
    Learn more
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