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    1989 N Dry Lakes Rd Brian Head, UT 84719

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    Claim this Listing
    For Sale
    $8,900,000

    COMMERCIAL - Brian Head, UT

    Property size:
    24,263 SF
    Lot size:
    113.00 Acres
    Price / SF:
    $366/SF
    Added:
    Mar 18, 2026
    Days on Market:
    51
    Last Refresh:
    May 7 at 12:06 am

    Property Features for 1989 N Dry Lakes Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    C-1124-0001-0002-01
    Size
    24,263 SF
    Lot size
    113.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    17600

    Building Details

    Year built
    1980
    Floors in Building
    2

    We can help!

    Listing Contact
    Daniel S Roberts

    Listing agent Daniel S Roberts License #5480148-PB00

    Listing office Coldwell Banker Comm Adv 26 N Main Street Suite 100, Cedar City, UT

    Listing date Mar 18, 2026

    MLS# 26-270363

    Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Sprawling 113‑acre mountain retreat.
    • Massive 11,263 sq ft cabin with 12 bedrooms and multiple bathrooms.
    • Impressive 13,000 sq ft activity center with a full gym.
    • Ideal for events: reunions, corporate events, weddings.
    • Features a game room, large gathering room, and walk‑in freezer.
    • Includes expansive deck area and overlook.

    Overview

    Mountain Retreat on 113 Acres

    This mountain retreat is situated on 113 acres and includes an 11,263 square foot cabin featuring a game room, a large gathering room, 12 bedrooms, and multiple bathrooms, along with a walk-in freezer. The property also boasts an expansive deck area and overlook. A 13,000 square foot activity center with a full gym is also located on the premises. The property includes multiple propane tanks and a culinary well. The serene landscape makes it suitable for outdoor enjoyment and relaxation. This property is ideal for reunions, corporate events, weddings, and more. The property is located in Brian Head, Utah.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Brian Head
    County
    Iron
    State
    Utah
    Longitude
    -112.870078
    Latitude
    37.720807

    Nearby Similar for Sale

    • $9,900,000
      11,263 SF

      Mountain Retreat with Activity Center

      Spacious mountain retreat featuring a large cabin and activity center.
      1989 N DRY LAKES RD, Brian Head, UT 84719
      View Details
    • $420,000
      1,050 SF

      Brian Head Condo with Amenities

      Furnished condo near ski lifts with clubhouse and pool.
      150 W RIDGEVIEW ST 213, Brian Head, UT 84719
      View Details

    FAQs

    What type of property is this?
    Wedding venue - Stunning mountain retreat ideal for events and outdoor enjoyment.
    Where is this wedding venue located?
    The property is located at 1989 N Dry Lakes Rd Brian Head, UT.
    What is the asking price?
    The asking price for this property is $8,900,000.
    What are key features of this property?
    This property features: Sprawling 113‑acre mountain retreat.; Massive 11,263 sq ft cabin with 12 bedrooms and multiple bathrooms.; Impressive 13,000 sq ft activity center with a full gym.
    (435) 559-2221
    We can help!
    Listing Contact
    Daniel S Roberts
    Real Estate License ID: 5480148-PB00
    Learn More
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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.

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