Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1274 Us Hwy 189 Heber City, UT 84032-5512

    • Commercial real estate
    • 92,994 SF
    • 14.18 lot acres
    OFF-MARKET
    Value Estimations
    $1,475,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0526284
    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

    • Walmart Bakery / Bakery / Specialty Food Shop

    Property Details for 1274 Us Hwy 189

    Year built
    2011
    Lot size
    14.18 lot acres
    Property size
    92,994 SF
    Property type
    Commercial real estate
    APN
    00-0020-8251
    APU
    208251

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,314,000
      Market price range: $1.18M - $2.56M

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

    Location Insight

    • Map
    • Local Demand
    City
    Heber City
    County
    Wasatch
    State
    Utah
    Longitude
    -111.418
    Latitude
    40.4933
    CBSA code
    25720
    CBSA name
    HEBER, UT MICROPOLITAN 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
    $78,460
    $5,250,000
    $3,120,000
    $8,370,000
    -
    $5,250,000
    $3,120,000
    $8,370,000

    Comparable in this City

    • Value Estimation
      $1,540,000
      75,846 SF

      165 800th W

      COMMERCIAL (GENERAL) • 75,846 SF
      165 800th W, Heber City, UT 84032-1347
      View Details
    • Value Estimation
      $1,930,000
      203,500 SF

      Heber City, UT 84032

      COMMERCIAL (GENERAL) • 203,500 SF
      Heber City, UT 84032
      View Details
    • Value Estimation
      $910,000
      29,012 SF

      Heber City, UT 84032

      COMMERCIAL (GENERAL) • 29,012 SF
      Heber City, UT 84032
      View Details
    • Value Estimation
      $950,000
      28,500 SF

      Heber City, UT 84032

      COMMERCIAL (GENERAL) • 28,500 SF
      Heber City, UT 84032
      View Details
    • Value Estimation
      $930,000
      47,300 SF

      3181 3000th S

      COMMERCIAL (GENERAL) • 47,300 SF
      3181 3000th S, Heber City, UT 84032-3924
      View Details
    • Value Estimation
      $990,000
      30,000 SF

      2210 Hwy 40

      COMMERCIAL (GENERAL) • 30,000 SF
      2210 Hwy 40, Heber City, UT 84032-3527
      View Details

    Similar Nearby for Sale

    • $600,000
      1,323 SF

      Heber Office Space For Sale

      Office space with excellent location and customizable layout.
      321 W 1300 S, Heber, UT 84032
      View Details
    • $2,999,000
      2.73 Acres

      Heber City Warehouse - $2.99M

      Prime 2.73-acre warehouse lot, C-2 zoning.
      1496 Us-40, Heber City, UT 84032
      View Details
    • $1,449,900
      5,278 SF

      Heber City Duplex Investment Opportunity

      Two new construction duplexes with modern finishes and mountain views.
      1179 S Lauren Ln, Heber City, UT 84032
      View Details
    • $600,000
      0.91 Acres

      Heber City Building Lot

      Building lot with mountain views near Heber and Park City.
      6692 N Macallan Ln, Heber City, UT 84032
      View Details
    • $899,999
      0.58 Acres

      Heber City Building Lot

      Stunning building lot with mountain views and resort-style amenities.
      9000 S Mdw Dr W, Heber City, UT 84032
      View Details
    • $2,195,000
      0.31 Acres

      SkyRidge Homesite with Panoramic Views

      0.31-acre homesite with lake and mountain views near Deer Valley.
      12032 N Gemini Way, Heber City, UT 84032
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Heber City Commercial Land Parcel

      Prime 2.36-Acre Commercial Lot
      1240 Main St, Heber City, UT 84032
      View Details
    • Contact for pricing
      3,200 SF

      Heber City Retail Space Available

      Retail spaces available in premiere Heber City shopping center.
      1020 S Main St, Heber City, UT 84032
      View Details
    • $20 SF/Yr
      1,350 SF

      Retail Space with Street Sign

      Retail space featuring high traffic and street pole signage.
      44 W 100 N, Heber City, UT 84032
      View Details
    • Contact for pricing
      1,359 SF

      Renovated Office Space For Rent

      Recently renovated office space with ample parking and excellent visibility.
      150 N Main St, Heber City, UT 84032
      View Details
    • Contact for pricing
      11,362 SF

      Heber Crossing: Office & Retail Space

      Modern Office & Retail Suites Available Now
      1131 Main St, Heber City, UT 84032
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Heber City

      Retail spaces available in a premier shopping center.
      1268 S Us Highway 189, Heber City, UT 84032
      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.
    1274 Us Hwy 189
    Heber City, UT 84032-5512
    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.
    Sign Up Successful!
    You now have access to more from Realmo!