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    Property profile & analytics

    1014 1100 Lehi, UT 84043

    • Medical offices
    • 3,500 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0886801
    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

    • Neuragenex, Pain Management Clinic - Lehi / Pain Management Physician / Allergist

    Property Details for 1014 1100

    Property size
    3,500 SF
    Property type
    Medical offices

    Description

    This 3,500-square-foot, single-tenant medical office building is located at 1014 S 1100 W, Lehi, UT 84043, in Utah County. The property is fully built-out and offers an efficient layout suitable for various healthcare uses, including dental practices with minor modifications. Situated in a high-traffic area connecting Lehi to Saratoga Springs and Eagle Mountain, this standalone building enjoys excellent visibility and accessibility. The property benefits from the significant growth in Lehi, surrounded by new commercial, retail, and residential developments. This prime location within a vibrant healthcare hub makes it an ideal opportunity for healthcare providers seeking to establish or expand their presence in this thriving market. The building's design is efficient and ready for immediate occupancy, minimizing downtime and maximizing operational efficiency. The surrounding area's continued development ensures a strong and growing patient base for any medical practice. This turnkey solution offers a significant advantage for businesses looking for a quick and seamless transition into a new space. The property's location offers easy access for patients and staff alike, contributing to a positive patient experience and efficient operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lehi
    County
    Utah
    State
    Utah
    Longitude
    -111.86837589288
    Latitude
    40.375293869502

    Comparable in this City

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      Lehi Medical Office Space For Lease

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      Lehi Medical Office Space For Lease

      Prime Medical Office Space in Lehi, UT
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      1,880 SF

      Lehi Retail/Office/Medical Space Available

      1,880 SF space ideal for retail, medical, or office use.
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    • $20 SF/Yr
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      Lehi Office Space Available Now

      1,921 SF suite with abundant natural light and signage.
      230 N 1200 E, Lehi, UT 84043
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    • $25 SF/Yr
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      New Medical Office Space

      New construction medical office space for lease in Lehi.
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    • $36 SF/Yr
      3,500 SF

      Medical Office Space Available

      Lehi medical office space for lease in high-traffic location.
      1014 S 1100 W, Lehi, UT 84043
      View Details

    Similar Nearby for Sale

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      Lehi Medical Office Condos for Sale

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      Updated Lehi Office/Medical Condo

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      Lehi Office Building: Prime Investment

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    Similar Nearby for Lease

    • $32 SF/Yr
      4,140 SF

      Lehi Medical Office Space For Lease

      4,140 SF Freestanding Medical Office in Thanksgiving Park
      2450 Executive Pkwy, Lehi, UT 84043
      View Details
    • $29 SF/Yr
      6,330 SF

      Lehi Medical Office Space For Lease

      Prime Medical Office Space in Lehi, UT
      3300 1200, Lehi, UT 84043
      View Details
    • Contact for pricing
      1,880 SF

      Lehi Retail/Office/Medical Space Available

      1,880 SF space ideal for retail, medical, or office use.
      770 E Main St, Lehi, UT 84043
      View Details
    • $36 SF/Yr
      3,500 SF

      Medical Office Space Available

      Lehi medical office space for lease in high-traffic location.
      1014 S 1100 W, Lehi, UT 84043
      View Details
    • $25 SF/Yr
      2,875 SF

      New Medical Office Space

      New construction medical office space for lease in Lehi.
      2284 W Main St, Lehi, UT 84043
      View Details
    • $20 SF/Yr
      1,921 SF

      Lehi Office Space Available Now

      1,921 SF suite with abundant natural light and signage.
      230 N 1200 E, Lehi, UT 84043
      View Details
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    1014 1100
    Lehi, UT 84043
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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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