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    Property profile & analytics

    1355 Innovation Way Lehi, UT 84043-7191

    • Office buildings
    • 148,530 SF
    • 4.19 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 17, 2021
    Location Intelligence
    Property ID
    US86-0504782
    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

    • Office buildings

    Property Details for 1355 Innovation Way

    Lot size
    4.19 lot acres
    Property size
    148,530 SF
    Property type
    Office buildings
    APN
    42-097-0004
    APU
    420970004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lehi
    County
    Utah
    State
    Utah
    Longitude
    -111.87
    Latitude
    40.4309
    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
    $279,324
    $0.00
    $0.00
    $44,376,200
    -
    $2,924,500
    $41,451,700
    $44,376,200

    Comparable in this City

    • Value Estimation by Request
      141,854 SF

      3300 Ashton Blvd

      OFFICE BUILDING • 141,854 SF
      3300 Ashton Blvd, Lehi, UT 84043-5339
      View Details
    • Value Estimation by Request
      147,368 SF

      1550 Digital Dr

      OFFICE BUILDING • 147,368 SF
      1550 Digital Dr, Lehi, UT 84043-6780
      View Details
    • Value Estimation by Request
      793 SF

      40 Main St

      OFFICE BUILDING • 793 SF
      40 Main St, Lehi, UT 84043-2144
      View Details
    • Value Estimation by Request
      16,100 SF

      3082 Maple Loop Dr

      OFFICE BUILDING • 16,100 SF
      3082 Maple Loop Dr, Lehi, UT 84043-5796
      View Details
    • Value Estimation by Request
      20,957 SF

      3130 Maple Loop Dr

      OFFICE BUILDING • 20,957 SF
      3130 Maple Loop Dr, Lehi, UT 84043-5672
      View Details
    • Value Estimation by Request
      22,306 SF

      2989 Maple Loop Dr

      OFFICE BUILDING • 22,306 SF
      2989 Maple Loop Dr, Lehi, UT 84043-7407
      View Details

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    Similar Nearby for Lease

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    • $29 SF/Yr
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      View Details
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    1355 Innovation Way
    Lehi, UT 84043-7191
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    Realmo Value Estimation

    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.

    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.

    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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