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    Property profile & analytics

    1026 Bamberger Dr American Fork, UT 84003

    • Medical offices
    • 3,700 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0700627
    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

    • Medical offices

    Property Details for 1026 Bamberger Dr

    Property size
    3,700 SF
    Property type
    Medical offices

    Description

    This exceptional Class A medical office building, located at 1026 E Bamberger Dr in American Fork, Utah, offers 3,700 square feet of fully improved space. Currently vacant, the entire building is available for lease or sale. The property is situated on a 0.08-acre lot within the Liberty Park Medical Business Park, a Planned Unit Development (PUD) featuring a diverse range of medical professionals, including oral surgeons, neurologists, chiropractors, psychiatrists, and dentists. The building is a three-story structure, with a minimum divisible space of 1,850 square feet and a maximum contiguous space of 1,850 square feet. This presents a unique opportunity for a single tenant to occupy the entire building or for multiple tenants to lease individual suites. The building's location in the thriving American Fork submarket of Utah County (zip code 84003) provides excellent visibility and accessibility. The existing improvements offer immediate occupancy, eliminating the need for extensive build-out costs. This is an ideal location for medical practices seeking a prestigious address within an established medical community. The property's strategic location and the established medical presence in the surrounding area make this an exceptional investment opportunity. Inquire today to learn more about leasing or purchasing this exceptional medical office building.

    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
    American Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.770936
    Latitude
    40.372242

    Comparable in this City

    • $32 SF/Yr
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      Medical Office Space Available

      Fully built-out medical office space, furniture included, ideal for clinic.
      1175 E 50 S, American Fork, UT 84003
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    • $30 SF/Yr
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      Medical Office Near Hospital

      Medical office space for rent near Timpanogos Regional Hospital.
      1141 E 50 N, American Fork, UT 84003
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    • $1.25 SF/Yr
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      American Fork Flex/Warehouse Space

      10,252 SF flex/warehouse space available 6/1/2025 near I-15.
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    • $17 SF/Yr
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      Well-Designed Office Space Available

      Office space with direct entrance, ample parking, high traffic.
      315 S 500 E, American Fork, UT 84003
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    • $13 SF/Yr
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      American Fork Office Space Available

      Office space for rent near State Street in American Fork.
      131 S 700 E, American Fork, UT 84003
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    • $18 SF/Yr
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      American Fork Office Space Available

      Office space for lease in American Fork, Utah.
      795 E 340 S, American Fork, UT 84003
      View Details

    Similar Nearby for Sale

    • $1,800,000
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      American Fork Medical Office Building

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      1042 Bamberger Dr, American Fork, UT 84003
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    • Contact for pricing
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      Highland Office Condos for Sale

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      New Medical Office Building

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    • $748,440
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      Grove Cove Office Condos

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    • $1,479,000
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      Historic Main Street Commercial Opportunity

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      American Fork Commercial Flex Unit

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    Similar Nearby for Lease

    • $32 SF/Yr
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      Medical Office Space Available

      Fully built-out medical office space, furniture included, ideal for clinic.
      1175 E 50 S, American Fork, UT 84003
      View Details
    • $30 SF/Yr
      7,704 SF

      Medical Office Near Hospital

      Medical office space for rent near Timpanogos Regional Hospital.
      1141 E 50 N, American Fork, UT 84003
      View Details
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    • $12 SF/Yr
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      Class A Office Space

      Contemporary office space with tall ceilings and LED lighting.
      858 S Auto Mall Dr, American Fork, UT 84003
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    • $18 SF/Yr
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      Main Street Office Space Available

      Office space with Main Street frontage and convenient Interstate access.
      6 W Main St, American Fork, UT 84003
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    • $28 SF/Yr
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      Grove Tower Office Sublease

      Modern American Fork Office Space Available
      2100 Pleasant Grv Blvd, American Fork, UT 84003
      View Details
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    1026 Bamberger Dr
    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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