Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14920 Mountain View Cir Herriman, UT 84065

    • Land
    • 6.89 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 14920 Mountain View Cir

    Lot size
    6.89 lot acres
    Property type
    Land

    Description

    This exceptional 6.89-acre commercial land parcel, located at 14920 Mountain View Corridor in Herriman, Utah, presents a compelling investment opportunity. Situated in Salt Lake County, zip code 84065, this property boasts a land value of $9.50 per square foot, totaling an asking price of $2,851,220. The expansive lot size offers significant potential for a variety of commercial developments. With a total buildable area of 445,619 square feet, this site is ideally suited for large-scale retail projects, or other commercial ventures. Its strategic location along Mountain View Corridor provides excellent visibility and accessibility, ensuring high traffic volume and strong potential for attracting customers. The property's location within the thriving Herriman community offers a growing population base and a robust local economy, making it an attractive investment for developers seeking high returns. The property is zoned for commercial use (specific zoning details should be independently verified). This is a rare opportunity to acquire a significant land holding in a rapidly developing area of Utah. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Herriman
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.99
    Latitude
    40.4837

    Comparable in this City

    • Value Estimation by Request
      4.44 Acres

      1711 Golden Spike Way

      Land • 4.44 Acres
      1711 Golden Spike Way, Bluffdale, UT 84065
      View Details
    • Value Estimation by Request
      6.96 Acres

      12600 3600

      Retail properties • 6.96 Acres
      12600 3600, Riverton, UT 84065
      View Details
    • Value Estimation by Request
      5.89 Acres

      11800 Mountain View Cir

      Land • 5.89 Acres
      11800 Mountain View Cir, Bluffdale, UT 84065
      View Details
    • Value Estimation by Request
      1.51 Acres

      15093 Maradona Dr

      Land • 1.51 Acres
      15093 Maradona Dr, Herriman, UT 84065
      View Details
    • Value Estimation by Request

      11800 Mountain View Cir

      Land
      11800 Mountain View Cir, Bluffdale, UT 84065
      View Details
    • Value Estimation by Request
      20.00 Acres

      Porter Rockwell Blvd

      Land • 20.00 Acres
      0 Porter Rockwell Blvd, Riverton, UT 84065
      View Details

    Similar Nearby for Sale

    • $675,000
      1.40 Acres

      Riverton Commercial Land - 1.4 Acres

      Prime Riverton land, ideal for development. $675,000.
      12523 Pasture Rd, Riverton, UT 84065
      View Details
    • Contact for pricing
      0.80 Acres

      Riverton Retail Land Opportunity

      Prime Utah land for sale, lease, or ground lease.
      12653 3600, Riverton, UT 84065
      View Details
    • Contact for pricing
      4.44 Acres

      Bringhurst Station Land - Bluffdale, UT

      4.44 Acres, Flex/Commercial/Industrial
      1711 Golden Spike Way, Bluffdale, UT 84065
      View Details
    • $850,000
      0.81 Acres

      Riverton Commercial Land - Prime Location

      0.81-acre commercial lot, $850,000
      12872 3600, Riverton, UT 84065
      View Details
    • $1,200,000
      1.08 Acres

      Riverton Land for Development

      Buildable lots or horse property in Riverton, Utah.
      12317 S Redwood Rd, Riverton, UT 84065
      View Details
    • Contact for pricing

      Land For Sale Near Winco

      Available land near Mountain View Corridor and national retailers.
      11800 S Mountain View Cir, Herriman, UT 84065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      303,178 SF

      Riverton Retail Land Opportunity

      Prime retail pads, various sizes, high visibility.
      12600 3600, Riverton, UT 84065
      View Details
    • Contact for pricing
      4,800 SF

      Riverton Retail Land Opportunity

      0.634-acre lot, 4,800 sq ft available
      1276 12600, Riverton, UT 84065
      View Details
    • Contact for pricing
      4,000 SF

      Bluffdale Retail Opportunity

      Prime retail space, Utah's Silicon Slopes.
      533 14600, Riverton, UT 84065
      View Details
    • $56,074
      46,609 SF

      Riverton Commercial Land Lease Opportunity

      1.07 Acres, High Traffic, C-G Zoning
      13754 Redwood Rd, Riverton, UT 84065
      View Details
    • $18 SF/Yr

      Land Approved for Automall Anchor

      60+ acre land approved for automall anchor.
      5072 W 12500 S, Herriman, UT 84065
      View Details
    • $22 SF/Yr

      Commercial Land For Lease

      Commercial land available for lease near Walmart and I-15.
      1246 W 12600 S, Riverton, UT 84065
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14920 Mountain View Cir
    Herriman, UT 84065
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.