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

    12534 Rhetski Ln Riverton, UT 84065-7208

    • Commercial land
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    Feb 09, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0664603
    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

    • Black Bear Diner Riverton / Hamburger Restaurant / Breakfast Restaurant

    Property Details for 12534 Rhetski Ln

    Lot size
    0.89 lot acres
    Zone code
    C-R
    Property type
    Commercial land
    APN
    27-29-353-007
    APU
    2729353007

    Description

    This exceptional 0.89-acre commercial lot in Riverton, Utah, is priced at $975,000 ($28.37/SF). Located at 12534 S Rhetski Ln, 84065, this property boasts unparalleled visibility from Bangerter Highway and the Lowe's parking lot, ensuring high traffic counts and easy access. The lot is flat and features utilities already stubbed in, making it ready for immediate development. Zoned C-R, this land is ideally suited for a variety of commercial uses, including a drive-through car wash, service center, or restaurant, offering build-to-suit options or the flexibility to bring your own builder. The property has undergone recent price reductions, reflecting a significant discount below appraisal. This presents a unique opportunity for a quick close and a strong return on investment. Salt Lake County location provides convenient access to major transportation routes and a thriving commercial market. The owner is seeking a swift transaction.

    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
    Riverton
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.983
    Latitude
    40.5233
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, 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
    $8,100
    $726,900
    $0.00
    $726,900
    -
    $726,900
    $0.00
    $726,900

    Comparable in this City

    • Value Estimation by Request
      2.08 Acres

      14901 Porter Rockwell Blvd

      VACANT COMMERCIAL LAND • 2.08 Acres
      14901 Porter Rockwell Blvd, Riverton, UT 84065
      View Details
    • Value Estimation by Request
      0.07 Acres

      14728 Porter Rockwell Blvd

      VACANT COMMERCIAL LAND • 0.07 Acres
      14728 Porter Rockwell Blvd, Riverton, UT 84065
      View Details
    • Value Estimation by Request
      11.92 Acres

      3751 12600th S

      VACANT COMMERCIAL LAND • 11.92 Acres
      3751 12600th S, Riverton, UT 84065-7215
      View Details
    • Value Estimation by Request
      0.03 Acres

      2889 12600th S

      VACANT COMMERCIAL LAND • 0.03 Acres
      2889 12600th S, Riverton, UT 84065-7147
      View Details
    • Value Estimation by Request
      0.01 Acres

      3831 12600th S

      VACANT COMMERCIAL LAND • 0.01 Acres
      3831 12600th S, Riverton, UT 84065
      View Details
    • Value Estimation by Request
      2.46 Acres

      1536 14000th S

      VACANT COMMERCIAL LAND • 2.46 Acres
      1536 14000th S, Riverton, UT 84065
      View Details

    Similar Nearby for Sale

    • $1,123,848

      Herriman Land for Sale

      1.29 acre commercial land parcel in fast-growing area.
      15103 Mountain View Cir, Herriman, UT 84065
      View Details
    • $850,000

      Land Adjacent to IHC Hospital

      0.81 acre commercial land near retail amenities.
      12872 S 3600 W, 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
    • Contact for pricing

      Commercial Land with Drive-Thru Potential

      Commercial land with high visibility and drive-thru opportunities.
      3529 W 12600 S, Riverton, UT 84065
      View Details
    • Contact for pricing

      Land Near Mountain View Corridor

      2.37 acres of commercial land in a growing area.
      15103 Mountain View Cir, Riverton, UT 84065
      View Details
    • $2,000,000

      High Visibility Redwood Road Lot

      Flat commercial lot with development potential near major highways.
      11720 S Redwood Rd, Riverton, UT 84065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,575 SF

      Land for Lease or Build

      Commercial land available for ground lease or build-to-suit.
      3982 13400 S, Riverton, UT 84065
      View Details
    • Contact for pricing
      6,340 SF

      Land for Lease or Build

      Commercial land available for ground lease or build-to-suit.
      4004 13400 S, 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
    • $5,500 /Mo

      Commercial Land For Rent

      1.93 acre commercial land available for lease.
      673 W 14600 S, Bluffdale, UT 84065
      View Details
    • Contact for pricing
      303,178 SF

      Riverton Retail Land Opportunity

      Prime retail pads, various sizes, high visibility.
      12600 3600, 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.
    12534 Rhetski Ln
    Riverton, UT 84065-7208
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.