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

    11073 Alpine Hwy Highland, UT 84003

    • Office buildings
    • 15,552 SF
    • 0.72 lot acres
    For Lease
    View listing
    Last Sale
    Dec 27, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0403574
    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

    • Little India, Fine Dining / Restaurant
    • Fresh Skin Studio / Medical Clinic / Skin Care Clinic
    • Ender Water Damage & Restoration / Hardware & Home Improvement / Construction Company
    • Wasatch Tax and Accounting / Tax Preparation
    • Elf Investments / Financial Advisor

    Property Details for 11073 Alpine Hwy

    Year built
    2008
    Lot size
    0.72 lot acres
    Property size
    15,552 SF
    Property type
    Office buildings
    APN
    41-690-0004
    APU
    416900004

    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
    Highland
    County
    Utah
    State
    Utah
    Longitude
    -111.786
    Latitude
    40.4334
    CBSA code
    39340
    CBSA name
    PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,426
    $0.00
    $0.00
    $2,854,900
    -
    $768,000
    $2,086,900
    $2,854,900

    Comparable in this City

    • Value Estimation by Request
      4,880 SF

      50 100th W

      OFFICE BUILDING • 4,880 SF
      50 100th W, American Fork, UT 84003-1545
      View Details
    • Value Estimation by Request
      17,470 SF

      62 1020th W

      OFFICE BUILDING • 17,470 SF
      62 1020th W, American Fork, UT 84003-4400
      View Details
    • Value Estimation by Request
      47,657 SF

      752 1180th S

      OFFICE BUILDING • 47,657 SF
      752 1180th S, American Fork, UT 84003-3399
      View Details
    • Value Estimation by Request
      27,141 SF

      560 1700th S

      OFFICE BUILDING • 27,141 SF
      560 1700th S, American Fork, UT 84003-3313
      View Details
    • Value Estimation by Request
      18,276 SF

      792 280th S

      OFFICE BUILDING • 18,276 SF
      792 280th S, American Fork, UT 84003-3902
      View Details
    • Value Estimation by Request
      18,276 SF

      795 340th S

      OFFICE BUILDING • 18,276 SF
      795 340th S, American Fork, UT 84003-3339
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,800 SF

      New Medical Office Building

      New medical office building divisible into two spaces.
      132 S 1100 E, American Fork, UT 84003
      View Details
    • Contact for pricing
      2,038 SF

      Freestanding Office/Retail Building For Sale

      Two-story, 2,038 SF office/retail building with on-site parking.
      201 W Main St, American Fork, UT 84003
      View Details
    • Contact for pricing
      28,300 SF

      Highland Office with Mountain Views

      Centrally located Highland office building with underground parking.
      5255 W 11000 N, Highland, UT 84003
      View Details
    • $748,440
      2,376 SF

      Grove Cove Office Condos

      22 Units, Modern Creative Offices, Utah
      250 County Blvd, American Fork, UT 84003
      View Details
    • $1,800,000
      5,515 SF

      American Fork Medical Office Building

      High-Occupancy Medical Office Investment
      1042 Bamberger Dr, American Fork, UT 84003
      View Details
    • $1,479,000
      0.33 Acres

      Historic Main Street Commercial Opportunity

      Versatile commercial property with historic charm and modern updates.
      6 S 100 W, American Fork, UT 84003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,342 SF

      Main Street Office Space Available

      Office space with Main Street frontage and convenient Interstate access.
      6 W Main St, American Fork, UT 84003
      View Details
    • Contact for pricing
      6,915 SF

      Highland Office/Retail Space Available

      Two buildings with suites available, mountain views, and nearby amenities.
      11073 Alpine Hwy, Highland, UT 84003
      View Details
    • Contact for pricing
      6,156 SF

      Class A Office Space

      Contemporary office space with tall ceilings and LED lighting.
      858 S Auto Mall Dr, American Fork, UT 84003
      View Details
    • $18 SF/Yr
      3,700 SF

      American Fork Medical Office Building

      Prime Medical Office Space Available
      1026 Bamberger Dr, American Fork, UT 84003
      View Details
    • $28 SF/Yr
      195,777 SF

      Grove Tower Office Sublease

      Modern American Fork Office Space Available
      2100 Pleasant Grv Blvd, American Fork, UT 84003
      View Details
    • $32 SF/Yr
      38,120 SF

      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
    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.
    11073 Alpine Hwy
    Highland, UT 84003
    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.