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

    5567 High Market Dr West Valley City, UT 84120-1342

    • Community centers
    • 9,172 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Sep 29, 2023
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0897120
    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

    • Community centers

    Property Details for 5567 High Market Dr

    Year built
    2013
    Lot size
    0.81 lot acres
    Property size
    9,172 SF
    Zone code
    M
    Property type
    Community centers
    APN
    14-24-353-004
    APU
    1424353004

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $625,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $553,000
      Market price range: $373k - $553k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $450,000
      Current use
      MEDICAL BUILDING
      $895,000
      Change: +98% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $590,000
      Change: +31% Conversion: Difficult
      RETAIL STORES
      $575,000
      Change: +27% Conversion: Easy
      COMMERCIAL (GENERAL)
      $505,000
      Change: +12% Conversion: Easy
      OFFICE BUILDING
      $395,000
      Change: -13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    West Valley City
    County
    Salt Lake
    State
    Utah
    Longitude
    -112.024
    Latitude
    40.7125
    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
    $62,587
    $549,500
    $4,480,800
    $5,030,300
    -
    $549,500
    $4,480,800
    $5,030,300

    Comparable in this City

    • Value Estimation
      $635,000
      10,400 SF

      2682 High Cmns Way

      MINI-MALL • 10,400 SF
      2682 High Cmns Way, West Valley City, UT 84120-1664
      View Details
    • Value Estimation
      $1,315,000
      24,570 SF

      2569 5600th W

      MINI-MALL • 24,570 SF
      2569 5600th W, West Valley City, UT 84120-1353
      View Details
    • Value Estimation by Request
      13,680 SF

      5432 High Market Dr

      MINI-MALL • 13,680 SF
      5432 High Market Dr, West Valley City, UT 84120-1337
      View Details
    • Value Estimation
      $665,000
      11,400 SF

      4645 4000th W

      MINI-MALL • 11,400 SF
      4645 4000th W, West Valley City, UT 84120-6243
      View Details
    • Value Estimation by Request
      6,886 SF

      4587 4000th W

      MINI-MALL • 6,886 SF
      4587 4000th W, West Valley City, UT 84120-6317
      View Details
    • Value Estimation
      $2,270,000
      75,480 SF

      3952 3500th S

      MINI-MALL • 75,480 SF
      3952 3500th S, West Valley City, UT 84120-3308
      View Details

    Similar Nearby for Sale

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      1.72 Acres

      Established Grocery Market in West Valley

      Grocery market in high-traffic area near Bangerter Highway.
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      Turnkey fourplex in West Valley City near schools and shopping.
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    • $13,000,000
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    • $995,000
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      Well-Kept Salt Lake City Quadplex

      Four-unit property with recent upgrades and income potential.
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    • Contact for pricing
      2.84 Acres

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      Prime West Valley City land, ideal for retail or office.
      4219 3500, West Valley City, UT 84120
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    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Retail Space in West Valley

      5,000 SF retail space with ample parking available for rent.
      4782 W 4100 S, West Valley City, UT 84120
      View Details
    • Contact for pricing
      2,407 SF

      Retail Pads Available For Rent

      Retail spaces with drive-thru opportunity, four access points.
      5491 W 4100 S, West Valley City, UT 84120
      View Details
    • Contact for pricing
      87,120 SF

      West Valley Retail Pads - Drive-Thru

      Prime Retail Pads, Drive-Thru Ready, Salt Lake City
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      View Details
    • Contact for pricing
      154,896 SF

      West Valley Retail Center Investment

      High-traffic retail space available in Utah
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      View Details
    • Contact for pricing
      2,330 SF

      Retail Pads Available For Lease

      Retail spaces with drive-thru options and multiple access points.
      5479 W 4100 S, West Valley City, UT 84120
      View Details
    • Contact for pricing
      87,120 SF

      Highbury Centre: West Valley City Retail Pad

      Prime West Valley City retail land, 1-2 acres.
      5518 High Market Dr, West Valley City, UT 84120
      View Details

    Property Visit Statistics

    • Visits by month
      3.9k
    • Visitors by month
      3.6k
    • Avg Time on site
      21 min
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    West Valley City, UT 84120-1342
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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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