Herriman Multifamily Buyer
Sell Your Commercial Property In Herriman, UT
Own a commercial apartment building of five or more units in Herriman? We purchase multifamily properties around Herriman Towne Center, Rosecrest, and the rest of Salt Lake County, and we review every deal against a clear buy box.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Where We Look: Herriman Towne Center · Rosecrest · Blackridge · Riverton — Salt Lake County, UT
Why Herriman
Why We Buy Multifamily In Herriman
Herriman is a renter-light market: just 21.4% of its 17,559 occupied homes, or 3,760 households, are rented, well below Salt Lake County's 33.9% renter share, under Census ACS 2020-2024 estimates. Only 15.8% of Herriman's housing sits in buildings of five or more units, a thin slice in one of Utah's fastest-growing cities. Median gross rent is $2,019 a month, and median household income is $122,650. This page gathers the rent, tax and landlord-law figures an owner needs before they sell commercial property in Herriman, UT.
Fastest-growing city
Herriman was the fastest-growing U.S. city over 10,000 residents from 2010 to 2019, per Census data the city cites.Zions Bank Real Academy
Zions Bank Real Academy in Herriman holds a 210,000-square-foot indoor facility, worth noting before selling commercial property in Herriman.Herriman Towne Center
The Commons at Herriman Towne Center broke ground in June 2025 with over 200,000 square feet of planned retail space.Our Buy Box
What We Buy In Herriman
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Herriman Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Herriman
Renters occupy 21.4% of Herriman's 17,559 occupied homes, or 3,760 households, per Census ACS 2020-2024 estimates, well under Salt Lake County's 33.9% renter share. Just 2,842 units, 15.8% of Herriman's housing, sit in buildings of five or more units, against 20.9% across Salt Lake County, so Herriman's apartment stock stays thin relative to its size. The median Herriman home was built in 2013, and only 3.7% of housing predates 1980, reflecting how recently the city filled in. Anyone ready to sell commercial property in Herriman, UT should weigh that small, newer renter base before pricing a building.
Rents and affordability
Median gross rent in Herriman is $2,019 a month under ACS 2020-2024 estimates, and 48.2% of renter households pay 30% or more of income on housing, with 30.4% paying half or more. HUD's FY2027 fair market rents for the Salt Lake City, UT HUD Metro FMR Area, which covers Salt Lake County, price a two-bedroom at $1,615.
| Unit size | HUD FMR FY2027 |
|---|---|
| Efficiency | $1,202 |
| 1 bedroom | $1,349 |
| 2 bedroom | $1,615 |
| 3 bedroom | $2,143 |
| 4 bedroom | $2,439 |
Property taxes in Salt Lake County
Herriman's 2025 final adopted tax rate in Tax Area 070, its largest tax area, is 0.010826, per the Utah State Tax Commission, so a $2,000,000 building taxed at full value owes $21,652 a year. Utah Code 59-2-103(6)(b)(ii) extends the state's 45% residential exemption to each unit that is a tenant's primary residence, cutting that building's taxable value to $1,100,000 and its bill to $11,908.60, a $9,743.40 difference, and owners who sell commercial real estate in Herriman, UT should run both numbers. Appeals to the Salt Lake County Board of Equalization are due by September 15 or 45 days after the valuation notice, whichever is later, under Utah Code 59-2-1004.
Landlord rules
Utah Code 57-20-1 bars Herriman and Salt Lake County from capping rents or fees without the Legislature's express approval. Deposit balances and any itemized deductions are due within 30 days of move-out under Utah Code 57-17-3. Nonpayment notices run three business days, and month-to-month tenancies end on 15 calendar days' notice, under Utah Code 78B-6-802.
What this means if you own a building here
Herriman was the fastest-growing U.S. city over 10,000 residents between 2010 and 2019, per Census data the city cites, and The Commons at Herriman Towne Center broke ground in June 2025 with more than 200,000 square feet of planned retail and restaurant space. Owners ready to sell commercial property in Herriman, UT can check the math on our cap rate calculator; Skyline Capital Investments buys 5+ unit buildings here, and owners who sell your apartment building in Herriman can read our seller page first.
Good To Know
Herriman Seller Checklist
More about selling in Utah →Investing in Herriman? See apartment syndications in Herriman →
- Buyers who sell commercial real estate in Herriman, UT should confirm Tax Area 070's 2025 rate first.
- Owners who sell multifamily property in Herriman should apply the 45% tenant-residence exemption to their tax estimate first.
- Herriman's population grew 18.4% from 2010 to 2020, more than double the national rate, per Census data.
Seller Guides
Herriman Seller Situations
Learn More
Taxes & Rules For Herriman Property
The Utah rules that shape any deal in Herriman: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Herriman Seller FAQ
What should I know before I sell commercial property in Herriman, UT?
Start with supply and tax. Just 15.8% of Herriman's homes sit in buildings of five or more units, and the 2025 tax rate in Tax Area 070 is 0.010826. A $2,000,000 building owes $21,652 at full value, or $11,908.60 with the exemption.
What does it cost to sell commercial real estate in Herriman, UT?
Property tax is the main carrying cost. At Herriman's 2025 Tax Area 070 rate of 0.010826, a $2,000,000 building owes $21,652 a year on full value, falling to $11,908.60 if every unit qualifies for the 45% residential exemption under Utah Code 59-2-103.
What is the average rent in Herriman, UT?
Census ACS 2020-2024 estimates put Herriman's median gross rent at $2,019 a month. HUD's FY2027 fair market rent for a two-bedroom in the Salt Lake City, UT HUD Metro FMR Area, which covers Salt Lake County, is $1,615, close to the city median.
Does Herriman have rent control?
No. Utah Code 57-20-1 bars Herriman and every Utah city or county from enacting an ordinance that controls rents or fees on private residential property without the Legislature's express approval, so Herriman leases follow the open market.
How much apartment stock does Herriman have?
Buildings of five or more units hold 2,842 of Herriman's 17,965 housing units, or 15.8%, per ACS 2020-2024 estimates, below Salt Lake County's 20.9% countywide share, a thin base for a city of its size.
What if my Herriman building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Salt Lake County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Herriman without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Herriman?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Have A Property In Herriman?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
