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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17020 Us Hwy 40th, Unit 2 Heber City, UT 84032

    • Hotels
    • 2,157 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    Oct 14, 2020
    Value Estimations
    $670,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0495581
    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

    • Hotels

    Property Details for 17020 Us Hwy 40th

    Year built
    1990
    Lot size
    0.79 lot acres
    Property size
    2,157 SF
    Property type
    Hotels
    APN
    00-0020-9046
    APU
    209046

    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
    Heber City
    County
    Wasatch
    State
    Utah
    Longitude
    -111.257
    Latitude
    40.3003
    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
    $9,734
    $125,000
    $944,500
    $1,069,500
    -
    $125,000
    $944,500
    $1,069,500

    Comparable in this City

    • Value Estimation by Request
      8,364 SF

      118 300

      Hotels • 8,364 SF
      118 300, Heber City, UT 84032
      View Details
    • Value Estimation
      $4,135,000
      40,570 SF

      17020 Us Hwy 40th, Unit 1

      HOTEL-RESORT • 40,570 SF
      17020 Us Hwy 40th, Heber City, UT 84032
      View Details
    • Value Estimation by Request
      702 SF

      17020 Us Hwy 40th, Unit 4

      HOTEL-RESORT • 702 SF
      17020 Us Hwy 40th, Heber City, UT 84032
      View Details
    • Value Estimation by Request
      24,000 SF

      1550 Hwy

      Retail properties • 24,000 SF
      1550 Hwy, Heber City, UT 84032
      View Details
    • Value Estimation by Request

      2175 3000

      Office Properties & Spaces
      2175 3000, Heber City, UT 84032
      View Details
    • 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

    Similar Nearby for Sale

    • $840,000
      1.27 Acres

      Heber City Land with Views

      1.27 acre homesite with panoramic views and community amenities.
      2646 E Boulder Top Way, Heber City, UT 84032
      View Details
    • $1,499,000

      Pne Holw Dr

      Land
      0 Pne Holw Dr, Heber City, UT 84032
      View Details
    • Contact for pricing

      Heber City Land with Mountain Views

      Residential land in established community with mountain views, near recreation.
      1741 E Cove Springs Way, Heber City, UT 84032
      View Details
    • New
      $2,795,000
      161.00 Acres

      Heber City Land Opportunity

      161 acres in Wolf Creek Ranch community.
      1671 N Westward Ho Rd, Heber City, UT 84032
      View Details
    • $155,000
      0.70 Acres

      Ready-to-Build Lot with Mountain Views

      Residential land for a mountain retreat near Heber City, Utah.
      8491 E Lake Pines Dr, Heber City, UT 84032
      View Details
    • Contact for pricing

      Heber City Land with Views

      Land with views near Midway and Heber City.
      806 S School House Way E, Heber City, UT 84032
      View Details

    Similar Nearby for Lease

    • 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
    • $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
      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
    • 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
      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
      14,450 SF

      Retail Space in High-Growth Area

      Retail property in a high-traffic, high-growth area.
      424-480 N Main St, 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.
    17020 Us Hwy 40th, Unit 2
    Heber City, UT 84032
    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.