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

    518 200 American Fork, UT 84003

    • Commercial real estate
    • 1.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0703258
    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

    • Commercial real estate

    Property Details for 518 200

    Lot size
    1.10 lot acres
    Property type
    Commercial real estate

    Description

    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.

    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
    American Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.8125458533
    Latitude
    40.372717099409

    Comparable in this City

    • $815,000
      3,625 SF

      Leased Triplex in Easton Park

      Fully leased triplex near Silicon Slopes, shopping, and recreation.
      477 S 850 E, American Fork, UT 84003
      View Details
    • $5,900,000
      17,966 SF

      American Fork Apartment Complex

      Luxury 18-unit building, prime location.
      1125 250, American Fork, UT 84003
      View Details
    • $569,900
      1,560 SF

      Clean Duplex in American Fork

      Low-maintenance duplex in a reliable Utah rental market.
      610 N 300 E, American Fork, UT 84003
      View Details
    • $818,000
      4,261 SF

      American Fork Triplex Investment Opportunity

      Income-generating triplex near Silicon Slopes with strong appreciation potential.
      796 E 500 S, American Fork, UT 84003
      View Details
    • $818,000
      4,261 SF

      Easton Park Triplex Investment Opportunity

      Well-maintained triplex in a rapidly expanding area, ideal for investors.
      796 E 500 S, American Fork, UT 84003
      View Details
    • $750,000
      0.69 Acres

      Highland, UT Estate Lot

      Luxury estate lot with mountain views in Highland, Utah.
      5983 W 11270 N, Highland, UT 84003
      View Details

    Similar Nearby for Sale

    • $815,000
      3,625 SF

      Leased Triplex in Easton Park

      Fully leased triplex near Silicon Slopes, shopping, and recreation.
      477 S 850 E, American Fork, UT 84003
      View Details
    • $5,900,000
      17,966 SF

      American Fork Apartment Complex

      Luxury 18-unit building, prime location.
      1125 250, American Fork, UT 84003
      View Details
    • $818,000
      4,261 SF

      American Fork Triplex Investment Opportunity

      Income-generating triplex near Silicon Slopes with strong appreciation potential.
      796 E 500 S, American Fork, UT 84003
      View Details
    • $569,900
      1,560 SF

      Clean Duplex in American Fork

      Low-maintenance duplex in a reliable Utah rental market.
      610 N 300 E, American Fork, UT 84003
      View Details
    • $818,000
      4,261 SF

      Easton Park Triplex Investment Opportunity

      Well-maintained triplex in a rapidly expanding area, ideal for investors.
      796 E 500 S, American Fork, UT 84003
      View Details
    • $750,000
      0.69 Acres

      Highland, UT Estate Lot

      Luxury estate lot with mountain views in Highland, Utah.
      5983 W 11270 N, Highland, UT 84003
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Highland Commercial Land Opportunity

      Prime 0.47-acre lot in Highland, UT
      5500 Ut-92, Highland, UT 84003
      View Details
    • Contact for pricing

      High Income Area Land Lease

      Land available for ground lease or build-to-suit in Highland.
      9826 N 4800 W, Highland, UT 84003
      View Details
    • $75,000

      Commercial Land for Lease

      Mid-box space available with high traffic and major tenants.
      648 E State Rd, American Fork, UT 84003
      View Details
    • $14 SF/Yr
      3,200 SF

      American Fork Flex Space For Lease

      3,200 SF Flex Space, Prime Location
      767 Auto Mall Dr, American Fork, UT 84003
      View Details
    • $1.72 SF/Yr
      149,928 SF

      American Fork Retail Center

      Prime Utah retail space, multiple options.
      648 State St, American Fork, UT 84003
      View Details
    • $25 SF/Yr
      6,915 SF

      Highland Office/Retail Space Available

      Two buildings with suites available, mountain views, and nearby amenities.
      11073 Alpine Hwy, Highland, UT 84003
      View Details
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    518 200
    American Fork, UT 84003
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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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