Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17020 Us Hwy 40 Heber City, UT 84032
    Back to Search
    Property profile & analytics

    17020 Us Hwy 40, Heber City, UT 84032

    View on Map
    • Hotels
    • 2,157 SF
    • 0.79 lot acres
    For Sale
    $1,550,000
    View Listing →
    Heber City Cabin Investment Opportunity For Sale
    $1,550,000
    600 SF

    Heber City Cabin Investment Opportunity

    Cabin near outdoor recreation, operating as a short-term rental.

    17020 US HIGHWAY 40, Heber City, UT 84032
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 17020 Us Hwy 40

    Year built
    1990
    Lot size
    0.79 lot acres
    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 estimation — 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
      $4,135,000
      40,570 SF

      17020 Us Hwy 40th, Unit 1

      HOTEL-RESORT
      17020 Us Hwy 40th, Heber City, UT 84032
      View Details
    • Value Estimation by Request
      8,364 SF

      118 300

      Hotels
      118 300, Heber City, UT 84032
      View Details
    • Value Estimation by Request
      702 SF

      17020 Us Hwy 40th, Unit 4

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

      1550 Hwy

      Retail properties & Spaces
      1550 Hwy, Heber City, UT 84032
      View Details
    • Value Estimation
      $1,485,000
      69,109 SF

      95 1580th S

      COMMERCIAL (GENERAL)
      95 1580th S, Heber City, UT 84032-1386
      View Details
    • Value Estimation
      $1,250,000
      70,813 SF

      82 750th N

      COMMERCIAL (GENERAL)
      82 750th N, Heber City, UT 84032-4727
      View Details

    Similar Nearby for Sale

    • $157,000
      1.10 Acres

      Heber City Land with Views

      Gently sloped lot with mountain views in gated community.
      1485 S Westview Dr, Heber City, UT 84032
      View Details
    • $135,000
      1.20 Acres

      Heber City Homesite with Mountain Views

      Development-ready homesite in Timber Lakes with included building plans.
      2187 W Westview Dr, Heber City, UT 84032
      View Details
    • $1,600,000
      1.04 Acres

      Heber City Land Opportunity

      Homesite with mountain views bordering open space and golf course.
      3297 E Red Knob Way, Heber City, UT 84032
      View Details
    • Contact for pricing
      Pending

      Heber Valley Commercial Land

      2.731 acres of commercial land in Heber Valley.
      1496 Us-40, Heber City, UT 84032
      View Details
    • Contact for pricing

      Land Parcel in Soldier Creek

      One-acre parcel included with adjacent cabin property purchase.
      8803 E Soldier Dr, Heber City, UT 84032
      View Details
    • New
      $6,250,000
      9,400 SF

      Heber Valley Equestrian Estate

      Refined equestrian estate on 10 acres with world-class facilities.
      1052 S 4800 E, 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
    • Contact for pricing
      4,187 SF

      Heber City Office Space Available

      4,187 SF office space for lease in Heber City.
      2175 W 3000 S, Heber City, UT 84032
      View Details
    • Contact for pricing
      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
      3,939 SF

      Heber City Industrial/Retail Space

      3,939 sqft industrial/retail space available for lease.
      3400 Us-40, Heber City, UT 84032
      View Details
    • Contact for pricing
      3,246 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
    View Listing
    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 40
    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

    Thank You for Inquiry
    17020 Us Hwy 40, Heber City, UT, 84032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!