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    1200 700 American Fork, UT 84003

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 1200 700

    Property type
    Residential income homes

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    American Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.766
    Latitude
    40.3919

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

      518 200

      Multifamily properties • 1.10 Acres
      518 200, American Fork, UT 84003
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    • Value Estimation by Request
      17,966 SF

      1125 250

      Multifamily properties • 17,966 SF
      1125 250, American Fork, UT 84003
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    • Value Estimation by Request
      7,327 SF

      11055 Alpine Hwy

      Lifestyle centers • 7,327 SF
      11055 Alpine Hwy, Highland, UT 84003
      View Details
    • Value Estimation by Request
      0.47 Acres

      5500 Ut-92

      Land • 0.47 Acres
      5500 Ut-92, Highland, UT 84003
      View Details
    • Value Estimation by Request
      2.28 Acres

      384 500

      Land • 2.28 Acres
      384 500, American Fork, UT 84003
      View Details
    • Value Estimation by Request
      47,890 SF

      2315 700

      Life science properties • 47,890 SF
      2315 700, American Fork, UT 84003
      View Details

    Similar Nearby for Sale

    • $5,900,000
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      American Fork Apartment Complex

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    • $818,000
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      American Fork Triplex Investment Opportunity

      Income-generating triplex near Silicon Slopes with strong appreciation potential.
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    • $569,900
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      Clean Duplex in American Fork

      Low-maintenance duplex in a reliable Utah rental market.
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    • $818,000
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      Easton Park Triplex Investment Opportunity

      Well-maintained triplex in a rapidly expanding area, ideal for investors.
      796 E 500 S, American Fork, UT 84003
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    • $815,000
      3,625 SF

      Leased Triplex in Easton Park

      Fully leased triplex near Silicon Slopes, shopping, and recreation.
      477 S 850 E, American Fork, UT 84003
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    • $3,600,000
      2.28 Acres

      Prime American Fork Commercial Land

      2.28 Acres, GC-2 Zoning, $3.6M
      384 500, American Fork, UT 84003
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,200 SF

      American Fork Flex Space For Lease

      3,200 SF Flex Space, Prime Location
      767 Auto Mall Dr, American Fork, UT 84003
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    • $1.72 SF/Yr
      149,928 SF

      American Fork Retail Center

      Prime Utah retail space, multiple options.
      648 State St, American Fork, UT 84003
      View Details
    • $25 SF/Yr
      6,915 SF

      Highland Office/Retail Space Available

      Two buildings with suites available, mountain views, and nearby amenities.
      11073 Alpine Hwy, Highland, UT 84003
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    • $12 SF/Yr
      6,156 SF

      Class A Office Space

      Contemporary office space with tall ceilings and LED lighting.
      858 S Auto Mall Dr, American Fork, UT 84003
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    • Contact for pricing

      Highland Commercial Land Opportunity

      Prime 0.47-acre lot in Highland, UT
      5500 Ut-92, Highland, UT 84003
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    • Contact for pricing
      13,212 SF

      Alpine Square Office Space

      American Fork Office: 1,490 sq ft available
      359 State St, American Fork, UT 84003
      View Details
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    1200 700
    American Fork, 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
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