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    1700 1700 American Fork, UT 84003

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    1700 1700 American Fork, UT 84003

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    • Land
    • 5.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1700 1700

    Lot size
    5.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 5-acre industrial land parcel presents a remarkable investment opportunity in American Fork, Utah. Located in Utah County, at E 1700 S, zip code 84003 (40.3440466, -111.7881096), this property boasts recently completed I-1 Light Industrial zoning, ideal for a variety of commercial uses. Its strategic location offers unparalleled access to major transportation arteries, situated just 1.5 miles from two I-15 exits, ensuring seamless logistics and efficient distribution. Utilities are readily available; electrical service is stubbed across the street, and sewer lines are nearby, although not yet connected to the property. Further utility information, including a link to the American Fork utilities map, can be provided upon request. This prime location, combined with its expansive size and convenient access, makes this property an exceptional investment for businesses seeking a strategic foothold in north Utah County's thriving industrial sector. The asking price for this exceptional opportunity is $1,600,000. Don't miss this chance to acquire a significant piece of industrial real estate in a rapidly growing area.

    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
    -111.788
    Latitude
    40.344

    Comparable in this City

    • Value Estimation by Request
      21,044 SF

      698 1300th S

      INDUSTRIAL (GENERAL) • 21,044 SF
      698 1300th S, American Fork, UT 84003-3506
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    • Value Estimation by Request
      59,389 SF

      1442 500th E

      INDUSTRIAL (GENERAL) • 59,389 SF
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    • Value Estimation by Request
      8,601 SF

      11235 Highland Blvd

      INDUSTRIAL (GENERAL) • 8,601 SF
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    • Value Estimation by Request
      2,449 SF

      824 Auto Mall Dr Ste, Unit 1

      CONDOMINIUMS (INDUSTRIAL) • 2,449 SF
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    • Value Estimation by Request
      2,669 SF

      413 620th 1st S Ste, Unit 1

      INDUSTRIAL (GENERAL) • 2,669 SF
      413 620th 1st S Ste, American Fork, UT 84003-2946
      View Details
    • Value Estimation by Request
      2,500 SF

      824 Auto Mall Dr Ste, Unit 5

      CONDOMINIUMS (INDUSTRIAL) • 2,500 SF
      824 Auto Mall Dr Ste, American Fork, UT 84003-3295
      View Details

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      Highland Land Opportunity

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      American Fork Flex/Industrial Building

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      American Fork Land Parcel ForSale

      Land parcel with I-15 visibility and Frontrunner access.
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    Similar Nearby for Lease

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      4,118 SF

      Flex/Retail Space in American Fork

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      58,146 SF

      American Fork Industrial Flex Space

      58,146 SF Class A industrial flex space for sublease.
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      Highland Flex/Industrial Space Available

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      Industrial Flex Spaces Available

      Industrial flex spaces available for rent.
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      2,278 SF

      American Fork Flex/Industrial Space

      Flex/industrial space available for lease in American Fork, Utah.
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    • $1.25 SF/Yr
      10,252 SF

      American Fork Flex/Warehouse Space

      10,252 SF flex/warehouse space available 6/1/2025 near I-15.
      782 S Auto Mall Dr, American Fork, UT 84003
      View Details
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    1700 1700
    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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