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    11918 Mustang Trail Way Herriman, UT 84096

    For Sale
    Contact for pricing

    Prime Herriman office/retail land, ground lease or sale.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    Teton Center presents a unique investment opportunity in the thriving Herriman, Utah market. This exceptional property, located at 11918 S Mustang Trail, offers 1.39 to 10.27 acres of land ideally suited for executive office space or retail development. Situated in Salt Lake County, zip code 84096, the site boasts a strategic location at the entrance to the expansive 1,000-acre Olympia Hills residential development, ensuring high visibility and accessibility. The property is available for both ground lease and outright sale. The asking sales price is $25 per square foot. Alternatively, a ground lease option is available at an annual rate of $125,000. This presents a compelling opportunity for developers seeking to capitalize on the burgeoning growth in Herriman. The property's classification as both retail and office allows for considerable flexibility in development plans, catering to a diverse range of potential tenants and uses. With its prime location and versatile zoning, Teton Center offers significant long-term investment potential. The property's latitude and longitude coordinates are 40.5350537 and -112.0336152 respectively. This is a rare opportunity to acquire a substantial parcel of land in a rapidly expanding area.

    Property Features for 11918 Mustang Trail Way

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    60,548 SF

    HighLights

    • Ground lease or sale opportunity for a 1.39‑acre parcel.
    • Office and retail pads available.
    • 1.39‑acre pad site available; asking price $25 per square foot.
    • Ground lease available at $125,000 per year.
    • Located at the entrance to the 1,000‑acre Olympia Hills residential development in Herriman, UT.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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?
    Office Property / Space - Prime Herriman office/retail land, ground lease or sale.
    Where is this office property / space located?
    The property is located at 11918 Mustang Trail Way Herriman, UT.
    What are key features of this property?
    This property features: Ground lease or sale opportunity for a 1.39-acre parcel.; Office and retail pads available.; 1.39-acre pad site available; asking 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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