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Property profile & analytics
OFF-MARKET
Commercial real estate

518 200 American Fork, UT 84003

1.1 ac lot
Entity Owned 7-yr Hold
Property ID
US86-0703258
Property summary
AI-generated overview

This exceptional 1.1-acre parcel in American Fork, Utah, presents a remarkable opportunity for high-density residential development. Zoned for high-density housing, this property allows for the construction of up to 55 units, maximizing investment potential. Strategically located just two blocks from the bustling Frontrunner Station, it offers unparalleled accessibility and visibility. The site sits across from established residential neighborhoods, ensuring a strong demand for new housing. A planned roundabout at the southern end further enhances accessibility. The city has recently added an additional 0.11 acres to the parcel (not yet reflected on the county plat), increasing the overall size to 1.1 acres. All essential utilities are conveniently located within the street. The property is offered as a 1031 exchange opportunity. An occupancy date of August 30, 2024, is anticipated. Detailed traffic count data and a geotechnical report are available upon request. This is a truly exceptional opportunity to develop a thriving residential community in a high-demand area. The asking price is $750,000. Don't miss this chance to acquire this prime piece of land in American Fork, Utah. The address is 518 W 200 S St, American Fork, UT 84003.

Property profile
Verified
Property type Commercial real estate
Lot 1.1 ac (47,916 SF)
UPID US86-0703258
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Rh Johnson Construction INC · 7 yrs held
Rh Johnson Construction INC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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