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    Property profile & analytics

    548 300 Vineyard, UT 84059

    • Commercial real estate
    • 17,967 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1085858
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 548 300

    Year built
    2017
    Lot size
    0.16 lot acres
    Property size
    17,967 SF
    Property type
    Commercial real estate
    APN
    54-316-0011

    Description

    This exceptional 18-unit Class A apartment building presents a compelling investment opportunity in the thriving Vineyard, Utah market. Built in 2017, this three-story property boasts a total of 17,967 square feet situated on a 0.16-acre lot (APN: 54-316-0011). The building features a mix of unit sizes: three 3-bedroom/2-bathroom units (1299 sq ft each), nine 2-bedroom/2-bathroom units (1020 sq ft each), and six 1-bedroom/1-bathroom units. Units are equipped with modern amenities including granite countertops, stainless steel appliances, pantries, walk-in closets, vinyl flooring, window coverings, and in-unit washers and dryers. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $270,723, resulting in a 4.50% cap rate. The asking price is $6,000,000, translating to $333,333 per unit. Residents enjoy convenient access to I-15, local restaurants, shopping centers, and a nearby UTA station. Attractive on-site amenities include a gym, swimming pool, hot tub, pet play area, basketball courts, pickleball courts, a clubhouse, EV charging stations, and grilling areas. Detailed financial information and rent rolls are available upon request. The property is zoned for multi-family use.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Vineyard
    County
    Utah
    State
    Utah
    Longitude
    -111.7407353
    Latitude
    40.3022512

    Comparable in this City

    • $5,100,000
      17,962 SF

      Vineyard Multifamily Investment Opportunity

      18-unit apartment building in Vineyard, Utah with assumable financing.
      624 N Unit, Vineyard, UT 84059
      View Details
    • $355,000
      1,233 SF

      Top-Floor Condo with Community Pool

      3-bedroom, 2-bath condo with private balcony and community pool.
      680 N 380 W, Vineyard, UT 84059
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    • $4,900,000
      17,967 SF

      Modern Multifamily Investment Opportunity

      18-unit apartment building in Vineyard, Utah, built in 2017.
      283 N 590 E, Vineyard, UT 84059
      View Details
    • $679,000
      3,023 SF

      Vineyard Duplex: Fully Rented

      Fully rented duplex in Vineyard, Utah. Great investment opportunity.
      280 N 750 E, Vineyard, UT 84059
      View Details
    • $600,000
      3,252 SF

      Home with Pond Near Golf

      Well-cared for home near Sleepy Ridge Golf Course with pond.
      1959 W Golden Pond Way S, Orem, UT 84059
      View Details

    Similar Nearby for Sale

    • $5,100,000
      17,962 SF

      Vineyard Multifamily Investment Opportunity

      18-unit apartment building in Vineyard, Utah with assumable financing.
      624 N Unit, Vineyard, UT 84059
      View Details
    • $355,000
      1,233 SF

      Top-Floor Condo with Community Pool

      3-bedroom, 2-bath condo with private balcony and community pool.
      680 N 380 W, Vineyard, UT 84059
      View Details
    • $4,900,000
      17,967 SF

      Modern Multifamily Investment Opportunity

      18-unit apartment building in Vineyard, Utah, built in 2017.
      283 N 590 E, Vineyard, UT 84059
      View Details
    • $679,000
      3,023 SF

      Vineyard Duplex: Fully Rented

      Fully rented duplex in Vineyard, Utah. Great investment opportunity.
      280 N 750 E, Vineyard, UT 84059
      View Details
    • $600,000
      3,252 SF

      Home with Pond Near Golf

      Well-cared for home near Sleepy Ridge Golf Course with pond.
      1959 W Golden Pond Way S, Orem, UT 84059
      View Details
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    548 300
    Vineyard, UT 84059
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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.

    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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