Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5435 11000th N Highland, UT 84003-8913

    Property Lookup

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

    5435 11000th N Highland, UT 84003-8913

    View on Map
    • Community centers
    • 18,918 SF
    • 1.75 lot acres
    Off-Market
    Property ID
    US86-0249640
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Papa Murphy's | Take 'N' Bake Pizza / Restaurant
    • Fix D / Electronics & Wireless Store
    • Mathnasium / Tutoring Service
    • Kibbles & Cuts / Pet Grooming Service
    • China Wok / Restaurant

    Property Details for 5435 11000th N

    Year built
    2003
    Lot size
    1.75 lot acres
    Property size
    18,918 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    45-327-0006
    APU
    453270006

    Description

    Lone Peak Village offers exceptional retail space in the thriving Highland, Utah market. This single-building center boasts 18 suites, providing a diverse tenant mix. The available space ranges from a minimum of 1,340 square feet to a maximum contiguous area of 2,680 square feet, ideal for a variety of businesses. Located in the North Utah County submarket, this property enjoys high visibility due to its frontage on both Timpanogos Highway and Alpine Highway. The center is the largest retail center serving Alpine, Highland, and Cedar Hills, ensuring significant foot traffic and brand exposure. A prominent signage opportunity is available for increased visibility. Currently, a grocery store anchors the center, providing a strong draw for customers. A second-generation restaurant space is also available for lease. The property is situated in Utah County at 5435 W 11000 N, Highland, UT 84003. This prime location offers easy access and excellent visibility within a rapidly growing community. The property's strategic location and established tenant base make it an attractive investment opportunity for businesses seeking to establish or expand their presence in this dynamic market. Contact us today to learn more about this exceptional retail space and explore the possibilities for your business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Utah
    State
    Utah
    Longitude
    -111.788
    Latitude
    40.4311
    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
    $31,618
    $0.00
    $0.00
    $4,212,900
    -
    $1,371,200
    $2,841,700
    $4,212,900

    Comparable in this City

    • Value Estimation by Request
      7,327 SF

      11055 Alpine Hwy

      Lifestyle centers • 7,327 SF
      11055 Alpine Hwy, Highland, UT 84003
      View Details
    • Value Estimation by Request
      48,534 SF

      219 Mdw Ln

      MINI-MALL • 48,534 SF
      219 Mdw Ln, American Fork, UT 84003-2473
      View Details
    • Value Estimation by Request
      70,092 SF

      262 State Rd

      MINI-MALL • 70,092 SF
      262 State Rd, American Fork, UT 84003-1468
      View Details
    • Value Estimation by Request
      10,532 SF

      10939 Alpine Hwy

      MINI-MALL • 10,532 SF
      10939 Alpine Hwy, Highland, UT 84003-8880
      View Details
    • Value Estimation by Request
      70,092 SF

      240 State Rd

      MINI-MALL • 70,092 SF
      240 State Rd, American Fork, UT 84003-1468
      View Details
    • Value Estimation by Request
      4,987 SF

      183 Mdw Ln

      MINI-MALL • 4,987 SF
      183 Mdw Ln, American Fork, UT 84003-2989
      View Details

    Similar Nearby for Sale

    • $7,000,000
      2.38 Acres

      American Fork Investment Property

      Multi-tenant commercial property in American Fork, fully leased.
      338 E State Rd, American Fork, UT 84003
      View Details
    • Contact for pricing
      7,785 SF

      Retail Shopping Center For Sale

      Multi-tenant retail shopping center, 100% occupied, built in 2001.
      506 E State Rd, American Fork, UT 84003
      View Details
    • Contact for pricing
      7,327 SF

      Highland Retail Investment Opportunity

      Fully occupied retail building in Highland Mains Shopping Center.
      11055 Alpine Hwy, Highland, UT 84003
      View Details
    • Contact for pricing

      Multi-Tenant Retail Investment Property

      100% leased multi-tenant retail property for sale.
      338 E State Rd, American Fork, UT 84003
      View Details
    • $1,531,250

      High-Traffic Commercial Lot For Sale

      0.71-acre commercial lot in high-traffic area, suitable for various uses.
      384 S 500 E, American Fork, UT 84003
      View Details
    • Contact for pricing
      7,327 SF

      Retail Building on Alpine Highway

      Retail building with approximately 7,237 SF of gross leasable area.
      11055 N Alpine Hwy, Highland, UT 84003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Highland Retail & Restaurant Space

      Retail and restaurant spaces available in Highland, Utah.
      5406 W 11000 N, Highland, UT 84003
      View Details
    • Contact for pricing

      Regional Power Center in Utah

      Prime retail space in a high-traffic Utah County power center.
      Intersection Of Pacific Dr & State St, American Fork, UT 84003
      View Details
    • Contact for pricing
      1,842 SF

      Highland Retail & Restaurant Space

      Located in a high-income area, ideal for dining.
      5374 W 11000 N, Highland, UT 84003
      View Details
    • Contact for pricing

      Office/Retail Buildings with Suites Available

      Office and retail suites available for lease in Highland, Utah.
      5300 W 11000 N, Highland, UT 84003
      View Details
    • Contact for pricing
      4,350 SF

      Retail Space Near Costco, Lowe's

      Retail space available in a high-traffic regional trade area.
      945 W 500 N, American Fork, UT 84003
      View Details
    • Contact for pricing
      4,118 SF

      Flex/Retail Space in American Fork

      Flex and retail space available near State Road and I-15.
      99 S 700 E, American Fork, UT 84003
      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.
    5435 11000th N
    Highland, UT 84003-8913
    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.
    Sign Up Successful!
    You now have access to more from Realmo!