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    1160 Lori Ln Heber City, UT 84036

    For Sale
    $4,950,000

    Prime 1.89-acre commercial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.89-acre commercial land parcel, located at 1160 W Lori Ln, Heber City, UT 84036 (APN 00-0020-3510), presents a unique investment opportunity. Situated in the heart of a burgeoning new development in Summit/Wasatch counties, this property boasts stunning views of the Jordanelle Valley. Its strategic location ensures easy access to and from eastern Summit County and northern Wasatch County, making it an ideal site for a variety of commercial ventures. The high-traffic area generates an estimated 1,682 cars per day, positioning this land as a potential commercial hub to meet the growing demand in the region. Zoned for commercial use (1.89), this property offers significant potential for developers seeking to capitalize on the area's rapid growth and strong economic outlook. The asking price is $4,950,000. Don't miss this chance to acquire a premier commercial property in a thriving Utah market.

    Property Features for 1160 Lori Ln

    General Information

    Property type
    Land
    Lot Size
    82,328 SF

    HighLights

    • $4,950,000 asking price.
    • 1.89‑acre commercial land parcel.
    • Located at 1160 W Lori Ln, Heber City, UT 84036 (APN: 00‑0020‑3510).
    • Prime location in a rapidly developing area of Summit/Wasatch Counties, offering excellent views of Jordanelle Valley.
    • High traffic area with an estimated 1,682 cars per day, making it an ideal commercial hub.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Heber City
    County
    Wasatch
    State
    Utah
    Longitude
    -111.43360586503
    Latitude
    40.677111744179

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    FAQs

    What type of property is this?
    Land - Prime 1.89-acre commercial lot
    Where is this land located?
    The property is located at 1160 Lori Ln Heber City, UT.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: $4,950,000 asking price.; 1.89-acre commercial land parcel.; Located at 1160 W Lori Ln, Heber City, UT 84036 (APN: 00-0020-3510).
    (435) 640-2972
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    1160 Lori Ln Heber City, UT 84036
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    Heber City, UT 84036
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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
    1160 Lori Ln Heber City, UT 84036
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