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

    5452 Herriman Blvd Herriman, UT 84096

    • Commercial land
    • 15.50 lot acres
    OFF-MARKET
    Last Sale
    Mar 29, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1061463
    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 land

    Property Details for 5452 Herriman Blvd

    Lot size
    15.50 lot acres
    Zone code
    C2
    Property type
    Commercial land
    APN
    26-25-359-004
    APU
    2625359004

    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
    Herriman
    County
    Salt Lake
    State
    Utah
    Longitude
    -112.019
    Latitude
    40.5251
    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
    $66,276
    $7,443,900
    $0.00
    $7,443,900
    -
    $7,443,900
    $0.00
    $7,443,900

    Comparable in this City

    • Value Estimation by Request
      0.50 Acres

      5143 Denali Park Dr

      VACANT COMMERCIAL LAND • 0.50 Acres
      5143 Denali Park Dr, Herriman, UT 84096-1564
      View Details
    • Value Estimation by Request
      0.01 Acres

      15093 Maradona Dr

      VACANT COMMERCIAL LAND • 0.01 Acres
      15093 Maradona Dr, Herriman, UT 84096
      View Details
    • Value Estimation by Request
      1.02 Acres

      14706 Marketplace Dr

      VACANT COMMERCIAL LAND • 1.02 Acres
      14706 Marketplace Dr, Herriman, UT 84096-2921
      View Details
    • Value Estimation by Request
      5.19 Acres

      5156 Ashfield Dr

      VACANT COMMERCIAL LAND • 5.19 Acres
      5156 Ashfield Dr, Herriman, UT 84096-5747
      View Details
    • Value Estimation by Request
      5.72 Acres

      13148 Eagles Flight Rd

      VACANT COMMERCIAL LAND • 5.72 Acres
      13148 Eagles Flight Rd, Riverton, UT 84096-1410
      View Details
    • Value Estimation by Request
      1.56 Acres

      11833 Teton Fls Ln

      VACANT COMMERCIAL LAND • 1.56 Acres
      11833 Teton Fls Ln, Herriman, UT 84096
      View Details

    Similar Nearby for Sale

    • $1,513,710

      Land for Office and Retail

      Land available for office and retail development with easy access.
      11918 S 6000 W, Herriman, UT 84096
      View Details
    • $4,599,936

      Herriman Land with Automall Approval

      60+ acre land approved for automall anchor.
      12150 S Black Powder Dr, Herriman, UT 84096
      View Details
    • Contact for pricing

      Herriman Land for Sale

      Available land near Mountain View Corridor and Winco.
      5061 Myers Ln, Herriman, UT 84096
      View Details
    • $2,835,756

      Land Approved for Automall Anchor

      Land with frontage on Mountain View Corridor, near future stadium.
      4864 W 12600 S, Herriman, UT 84096
      View Details
    • $2,408,868

      Land Approved for Automall Anchor

      Land with frontage on Mountain View Corridor, near future stadium.
      4892 W 12600 S, Herriman, UT 84096
      View Details
    • $1,695,000
      1.70 Acres

      Herriman Commercial Land For Sale

      Prime commercial land in rapidly growing Herriman area.
      13175 S Rose Canyon Rd, Herriman, UT 84096
      View Details

    Similar Nearby for Lease

    • 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
      1,500 SF

      Retail Pad Ground Lease Available

      Retail pad available for ground lease or build to suit.
      4258 W 13400 S, Riverton, UT 84096
      View Details
    • $125,000

      Highway Frontage Land Ready

      Pad-ready land with high visibility for immediate development.
      4141 W 13400 S, Riverton, UT 84096
      View Details
    • $125,000
      60,548 SF

      Herriman Office/Retail Land Opportunity

      Prime 1.39-acre parcel, build-to-suit options.
      11918 Mustang Trail Way, Herriman, 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
      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
    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.
    5452 Herriman Blvd
    Herriman, UT 84096
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.