Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    15897 Axia Dr Herriman, UT 84096

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15897 Axia Dr Herriman, UT 84096

    View on Map
    • Warehouses
    • 232,239 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 15897 Axia Dr

    Property size
    232,239 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional Class A industrial warehouse, located at 15897 South Axia Drive, Herriman, UT 84096, offers 232,239 square feet of space available for sale or lease. Situated on an 18.08-acre lot in Holmes County, this single-story building boasts a 36-foot ceiling height, making it ideal for various industrial uses. The property features 30 dock-high doors and 6 drive-in doors, ensuring efficient loading and unloading. Ample parking is provided with 244 spaces. The warehouse is equipped with robust power: 4000 Amps, 480 Volt, 3-phase. The minimum divisible space is 43,724 square feet, offering flexibility for tenants. Currently vacant, the building is under construction, with shell completion anticipated in October 2024 and spec office completion by December 2024. The property is zoned M-1, Light Industrial, and is conveniently located near the intersection of Porter Rockwell Blvd and Redwood Road. This is a rare opportunity to secure a brand-new, state-of-the-art warehouse in a prime Herriman location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Herriman
    County
    Holmes
    State
    Utah
    Longitude
    -111.944
    Latitude
    40.4617

    Comparable in this City

    • Value Estimation by Request
      43,724 SF

      15897 Axia Dr

      Distribution properties • 43,724 SF
      15897 Axia Dr, Herriman, UT 84096
      View Details
    • Value Estimation
      $540,000
      720 SF

      4123 12600th S

      STORAGE YARD (JUNK, SALVAGE) • 720 SF
      4123 12600th S, Riverton, UT 84096-7304
      View Details
    • Value Estimation
      $2,415,000
      29,746 SF

      15892 Rockwell Cv Park

      WAREHOUSE, STORAGE • 29,746 SF
      15892 Rockwell Cv Park, Herriman, UT 84096
      View Details
    • Value Estimation
      $815,000
      12,400 SF

      4258 13400th S

      WAREHOUSE, STORAGE • 12,400 SF
      4258 13400th S, Riverton, UT 84096-6413
      View Details
    • Value Estimation
      $1,810,000
      18,500 SF

      4425 12600th S

      WAREHOUSE, STORAGE • 18,500 SF
      4425 12600th S, Riverton, UT 84096-7308
      View Details
    • Value Estimation
      $960,000
      7,200 SF

      5128 Ashfield Dr

      WAREHOUSE, STORAGE • 7,200 SF
      5128 Ashfield Dr, Herriman, UT 84096-5747
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,254 SF

      Profitable Retail Investment Opportunity

      Retail property with long-term tenants in high-growth area.
      12271 Herriman Main St, Herriman, UT 84096
      View Details
    • $1,000,000
      5.00 Acres

      Herriman Land with Mountain Views

      5-acre lot in Herriman with mountain and valley views.
      14820 S Majestic Oaks Ln W, Herriman, UT 84096
      View Details
    • $160,000
      2.50 Acres

      Herriman Land Near Yellow Fork

      2.5 acre land parcel in Hi Country Estates II.
      7852 W Step Rd, Herriman, UT 84096
      View Details
    • $415,000
      2.70 Acres

      Herriman Land Parcel For Sale

      2.7 acre land parcel in Herriman, UT, near Yellow Fork.
      14662 S Rose Canyon Rd, Herriman, UT 84096
      View Details
    • Contact for pricing

      Land for Office and Retail

      Land available for office and retail development with easy access.
      11918 S 6000 W, Herriman, UT 84096
      View Details
    • $3,450,000
      5 SF

      Herriman Land Near Mountain View

      Located in Herriman near Mountain View Corridor.
      4905 Rosecrest Rd, Herriman, UT 84096
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,730 SF

      Herriman Retail Space Available

      Modern retail spaces with drive-thru, available Q4 2025.
      5057 W 12600 S, Herriman, UT 84096
      View Details
    • $125,000

      Highway Frontage Land Ready

      Pad-ready land with high visibility for immediate development.
      4141 W 13400 S, Riverton, UT 84096
      View Details
    • Contact for pricing
      140,699 SF

      Herriman Commercial Space For Rent

      Commercial space available in rapidly growing Herriman, Utah.
      12488 S Rosecrest Rd W, Herriman, UT 84096
      View Details
    • Contact for pricing

      Mixed-Use Development Office Space

      Class A office space in a mixed-use development.
      13221 Tree Sparrow Dr, Riverton, UT 84096
      View Details
    • Contact for pricing

      Mixed-Use Development in Riverton, Utah

      85-acre mixed-use development with office, retail, and residential spaces.
      13303 S Teal Rdg, Riverton, UT 84096
      View Details
    • Contact for pricing

      Retail Space in Herriman Center

      Regional retail shopping center space for lease in Daybreak.
      5253 W Anthem Park Blvd, Herriman, UT 84096
      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.
    15897 Axia Dr
    Herriman, UT 84096
    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

    Thank You for Inquiry

    15897 Axia Dr, Herriman, UT, 84096

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!