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

    3824 Real Vis Dr Herriman, UT 84096-1312

    • Investment properties
    • 8,934 SF
    • 2.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0085872
    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

    • Investment properties

    Property Details for 3824 Real Vis Dr

    Lot size
    2.06 lot acres
    Property size
    8,934 SF
    Zone code
    MU2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    33-08-151-007
    APU
    3308151007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,429,000
      Market price range: $1.25M - $1.43M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,325,000
      Current use
      RESTAURANT
      $1,205,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Herriman
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.944347
    Latitude
    40.48422
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, 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
    $0.00
    $1,660,100
    $2,540,400
    $4,200,500
    -
    $1,660,100
    $2,540,400
    $4,200,500

    Comparable in this City

    • Value Estimation
      $11,395,000
      59,572 SF

      5355 Main St

      STORE/OFFICE (MIXED USE) • 59,572 SF
      5355 Main St, Herriman, UT 84096-5836
      View Details
    • Value Estimation
      $2,075,000
      16,064 SF

      12523 Pasture Rd

      STORE/OFFICE (MIXED USE) • 16,064 SF
      12523 Pasture Rd, Riverton, UT 84096-4811
      View Details
    • Value Estimation
      $775,000
      5,745 SF

      5052 Wind Rock

      STORE/OFFICE (MIXED USE) • 5,745 SF
      5052 Wind Rock, Herriman, UT 84096-7259
      View Details
    • Value Estimation
      $3,440,000
      22,944 SF

      13108 Denali Peak Ln

      STORE/OFFICE (MIXED USE) • 22,944 SF
      13108 Denali Peak Ln, Riverton, UT 84096-3094
      View Details
    • Value Estimation
      $745,000
      3,439 SF

      13047 Kruger Ln

      STORE/OFFICE (MIXED USE) • 3,439 SF
      13047 Kruger Ln, Riverton, UT 84096
      View Details
    • Value Estimation
      $800,000
      3,468 SF

      4356 Big Cypress Way

      STORE/OFFICE (MIXED USE) • 3,468 SF
      4356 Big Cypress Way, Riverton, UT 84096-3088
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Anthem Center: Herriman Retail Pads

      High-growth Herriman, UT retail spaces available. Build-to-suit options.
      0 Ut-85, Riverton, UT 84096
      View Details
    • $1,187,382
      2.63 Acres

      Herriman Retail Investment Opportunity

      Prime Retail Land, High Growth Area
      5600 Main St, Herriman, UT 84096
      View Details
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      3,982 SF

      Herriman Executive Office Condos

      Class A Office Suites, Utah's Fastest Growing Area
      5081 11800, Herriman, UT 84096
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    • $279,000
      3.65 Acres

      Herriman Land with Panoramic Views

      Secluded land near city amenities with potential for custom home.
      15070 S Shaggy Mountain Rd, Herriman, UT 84096
      View Details
    • $990,000
      2.13 Acres

      Herriman Buildable Land Opportunity

      2.13 acres of buildable land in Herriman, Utah.
      14039 S Rose Basin Rd, Herriman, UT 84096
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    • $325,000
      0.23 Acres

      Herriman Land with Custom Plans

      Land for sale in Herriman with included custom home plans.
      14171 S Summit Top Ln, Herriman, UT 84096
      View Details

    Similar Nearby for Lease

    • $156,876
      2,424 SF

      Herriman Fast Food Sublease Opportunity

      2,424 SF Fast Food Sublease in Herriman, UT
      5402 13400, Herriman, UT 84096
      View Details
    • Contact for pricing

      Commercial Land for Lease

      Commercial land available for ground lease or build-to-suit.
      4623 W 12600 S, Riverton, UT 84096
      View Details
    • Contact for pricing
      70,132 SF

      Anthem Commercial Land - Daybreak

      Prime Daybreak location, 1.61 acres, ground lease available.
      5282 Anthem Park Blvd, Herriman, UT 84096
      View Details
    • $30 SF/Yr
      165,216 SF

      Mountain View Village Executive Suites

      Class A Office Space, 5 Suites Available
      13303 Teal Rdg, Riverton, UT 84096
      View Details
    • Contact for pricing
      1,198 SF

      Herriman Retail Pads - Anthem Center

      Prime Retail Land, Daybreak, Utah
      5253 Anthem Park Blvd, Herriman, UT 84096
      View Details
    • Contact for pricing
      160,000 SF

      Herriman Retail Center - For Lease

      Large Retail Space, High Visibility, Utah
      4874 12600, Herriman, UT 84096
      View Details
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    3824 Real Vis Dr
    Herriman, UT 84096-1312
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    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
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