5435 11000Highland, UT 84003

Property Details for 5435 11000

Year built

2003

Lot size

1.75 AC

Property size (Sq ft)

18,918 SF

Property type

Community 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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,598,620

  6.5%

  $5,167,960

  7%

  $4,798,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,941,830

  Geo Method

  $3,941,830

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,912,390

  Mixed-Use / Specialty

  $5,216,470

  Hospitality / Lodging

  $3,914,290

  Office

  $5,255,190

  Institutional / Educational

  $5,446,940

  Residential Income

  $6,372,920

  Multifamily

  $7,272,290

  Automotive / Energy

  $4,668,810

  Parking / Income-Based Land

  $1,545,020

  Restaurant / Food Service

  $2,855,970

  Healthcare / Senior Housing

  $5,280,750

Location Insight

City

Highland

County

Utah

State

Utah

Latitude

40.4311

Longitude

-111.788

CBSA code

39340

CBSA name

PROVO-OREM, UT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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