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

    289 500th W Lehi, UT 84043-1758

    • Day care centers
    • 7,403 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0910633
    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

    • La Petite Academy of Lehi North / Nursery School / Preschool

    Property Details for 289 500th W

    Year built
    2014
    Lot size
    1.15 lot acres
    Property size
    7,403 SF
    Property type
    Day care centers
    APN
    13-022-0041
    APU
    130220041

    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
    Lehi
    County
    Utah
    State
    Utah
    Longitude
    -111.858
    Latitude
    40.3908
    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
    $14,709
    $0.00
    $0.00
    $1,869,000
    -
    $557,500
    $1,311,500
    $1,869,000

    Comparable in this City

    • Value Estimation by Request
      3,167 SF

      3118 1200th W

      DAY CARE, PRE-SCHOOL • 3,167 SF
      3118 1200th W, Lehi, UT 84043-7462
      View Details
    • Value Estimation by Request
      1,369 SF

      51 Main St

      DAY CARE, PRE-SCHOOL • 1,369 SF
      51 Main St, Lehi, UT 84043-2141
      View Details
    • Value Estimation by Request
      5,277 SF

      3335 1120th E

      DAY CARE, PRE-SCHOOL • 5,277 SF
      3335 1120th E, Lehi, UT 84043-6539
      View Details
    • Value Estimation by Request
      5,191 SF

      1135 3200th N

      DAY CARE, PRE-SCHOOL • 5,191 SF
      1135 3200th N, Lehi, UT 84043-5464
      View Details
    • Value Estimation by Request
      10,950 SF

      121 State St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 10,950 SF
      121 State St, Lehi, UT 84043-1625
      View Details
    • Value Estimation by Request
      4,229 SF

      1012 1100th W

      VETERINARY, ANIMAL HOSPITAL • 4,229 SF
      1012 1100th W, Lehi, UT 84043-5487
      View Details

    Similar Nearby for Sale

    • $770,140
      0.68 Acres

      Lehi Commercial Land - Thanksgiving Point

      Prime 0.68-acre commercial lot in Lehi, Utah.
      3046 Maple Loop Dr, Lehi, UT 84043
      View Details
    • Contact for pricing
      0.83 Acres

      Lehi State Street Commercial Land

      Prime 0.83-acre commercial lot in Lehi, UT.
      600 State St, Lehi, UT 84043
      View Details
    • $1,380,870
      4,122 SF

      Lehi Office Condo For Sale

      Top floor office condo in Silicon Slopes with I-15 access.
      3051 W Maple Loop Dr, Lehi, UT 84043
      View Details
    • $610,000
      2,176 SF

      Lehi Duplex with Remodeled Unit

      Centrally located Lehi duplex with remodeled upstairs unit.
      443 W 820 N, Lehi, UT 84043
      View Details
    • $4,404,000
      3,844 SF

      Lehi Retail Investment Opportunity

      Nationally tenanted retail asset in Utah's Silicon Slopes.
      3450 Digital Dr, Lehi, UT 84043
      View Details
    • $795,000
      0.05 Acres

      Updated Lehi Office/Medical Condo

      Move-in ready office/medical condo with recent upgrades and prime location.
      240 N 1200 E, Lehi, UT 84043
      View Details

    Similar Nearby for Lease

    • $950,000
      9,148 SF

      Retail Space with Drive-Thru Access

      High-visibility Lehi retail space with drive-thru, suitable for various uses.
      198 E State St, Lehi, UT 84043
      View Details
    • $22 SF/Yr
      39,554 SF

      Lehi Office Space Sublease Available

      Prime Silicon Slopes Office Sublease
      3049 Executive Pkwy, Lehi, UT 84043
      View Details
    • $22 SF/Yr
      47,058 SF

      Lehi Office Space for Lease

      Modern Lehi office suites, flexible options
      3300 Triumph Blvd, Lehi, UT 84043
      View Details
    • $23 SF/Yr
      22,200 SF

      Mountain View Office Suite Lease

      Prime Thanksgiving Point Office Space; 4,335 SF, 3rd Floor.
      2972 Maple Loop Dr, Lehi, UT 84043
      View Details
    • Contact for pricing
      8,800 SF

      Thanksgiving Point Retail Space

      Prime Utah County Retail Opportunity
      4161 Thanksgiving Way, Lehi, UT 84043
      View Details
    • Contact for pricing
      135,792 SF

      Eagle Mountain Retail Center Opportunity

      High-demand retail space, Utah County.
      0 Eagle Mtn Blvd & Pony Expy Pkwy, Eagle Mountain, UT 84043
      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.
    289 500th W
    Lehi, UT 84043-1758
    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.