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

    524 Redwood Rd Saratoga Springs, UT 84045

    • Commercial real estate
    • 15.08 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0883017
    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 524 Redwood Rd

    Lot size
    15.08 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 15.08-acre commercial land parcel presents a remarkable investment opportunity in the thriving Saratoga Springs, Utah market. Located at 524 N Redwood Rd, in Utah County, zip code 84045 (40.3709561, -111.9161637), this property offers significant potential for a variety of commercial developments. The asking price is $5,397,084, translating to a land value of $8.22 per square foot. Its expansive size and strategic location near Pioneer Crossing make it ideal for businesses seeking high visibility and accessibility. The property is zoned for commercial use (specific zoning details should be independently verified). Utilities are available, although specific connections and costs should be confirmed with the appropriate service providers. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area with strong economic indicators and a robust population base. Prospective buyers are encouraged to conduct their own due diligence to assess the suitability of the property for their intended use. Detailed site plans and surveys are available upon request. Don't miss this chance to secure a prime piece of commercial real estate in one of Utah's most desirable locations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Saratoga Springs
    County
    Utah
    State
    Utah
    Longitude
    -111.9161637
    Latitude
    40.3709561

    Comparable in this City

    • $6,450,000
      13.08 Acres

      Marina Meadows: Prime Waterfront Land

      13 Acres, Mixed-Use Zoning, Saratoga Springs
      10 Saratoga Rd, Saratoga Springs, UT 84045
      View Details
    • $375,000
      0.37 Acres

      Residential Land with Mountain Views

      0.37 acre lot ready for dream home.
      1526 N Cozy Ln, Saratoga Springs, UT 84045
      View Details
    • $5,204,548
      8.24 Acres

      Saratoga Springs Commercial Land

      8.24 Acres, Prime Commercial Location
      466 Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • $39,000
      3,000 SF

      Retail Pads Available For Sale

      Commercial land with drive-thru opportunities and great visibility.
      267 W Weatherby Dr, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      0.90 Acres

      Pioneer Xing & Redwood Rd

      Land • 0.90 Acres
      0 Pioneer Xing & Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • $45,500
      3,500 SF

      Retail Pads Available For Sale

      Retail pads available with drive-thru opportunities and great visibility.
      227 Lariat Blvd, Saratoga Springs, UT 84045
      View Details

    Similar Nearby for Sale

    • $36,400
      2,800 SF

      Commercial Land with Retail Pads

      Retail pads available with drive-thru opportunities in Saratoga Springs.
      298 W Weatherby Dr, Saratoga Springs, UT 84045
      View Details
    • $544,500
      0.50 Acres

      Lehi Retail Opportunity

      Finished pad site in a rapidly growing Utah market.
      1500 N 3600 W unit A2/A3, Lehi, UT 84045
      View Details
    • $319,000
      0.27 Acres

      Residential Land in Saratoga Springs

      Residential lot with lake and mountain views, no HOA.
      121 E Eagles Nest Way, Saratoga Springs, UT 84045
      View Details
    • $375,000
      0.37 Acres

      Residential Land with Mountain Views

      0.37 acre lot ready for dream home.
      1526 N Cozy Ln, Saratoga Springs, UT 84045
      View Details
    • $5,204,548
      8.24 Acres

      Saratoga Springs Commercial Land

      8.24 Acres, Prime Commercial Location
      466 Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • $39,000
      3,000 SF

      Retail Pads Available For Sale

      Commercial land with drive-thru opportunities and great visibility.
      267 W Weatherby Dr, Saratoga Springs, UT 84045
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,055,580 SF

      Cold Springs Ranch Retail Space

      Lehi retail space, land lease options. High traffic location.
      0 Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      19,800 SF

      Saratoga Springs Retail Pads

      Prime Retail Land, Drive-Thru Potential
      0 Ring Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      101,059 SF

      Saratoga Springs Retail Opportunity

      Prime Retail Land, Multiple Spaces Available
      0 Pioneer Xing & Redwood Rd, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      60,000 SF

      Prime Saratoga Springs Retail Space

      60,000 SF Retail Center - Available Now
      1300 Pony Expressway Pkwy, Saratoga Springs, UT 84045
      View Details
    • Contact for pricing
      339,009 SF

      Northshore Commerce Center, Saratoga Springs

      Modern Utah Industrial Space, 3 Buildings
      593 Saratoga Rd, Saratoga Springs, UT 84045
      View Details
    • $27 SF/Yr
      1,600 SF

      Retail and Office Space Available

      Grocery store development with retail, restaurant, and office spaces.
      4095 E Pony Express Pkwy, Eagle Mountain, UT 84045
      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.
    524 Redwood Rd
    Saratoga Springs, UT 84045
    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.