Add Listing
    For Sale
    • 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

    2991 S 9200 W Magna, UT 84044

    View on Map
    Claim this Listing
    For Sale
    $124,900

    LAND - Magna, UT

    Lot size:
    0.14 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    10
    Last Refresh:
    Apr 18 at 4:06 am

    Property Features for 2991 S 9200 W

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    14-30-251-037
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1291

    We can help!

    Listing Contact
    Bryce Anderson

    Listing agent Bryce Anderson

    Listing office Intermountain Properties 3731 W South Jordan Pkwy Suite 102- #223, Salt Lake City, UT

    Listing date Apr 9, 2026

    MLS# 2149332 Listing URL

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ready-to-Build Lot in Magna

    This 0.14-acre lot in Magna, Utah, presents a building opportunity. Utilities have been brought to the lot, potentially reducing initial expenses. The property includes new sidewalks, curb, and gutter. This homesite is suitable for constructing a primary residence or an investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Magna
    County
    Salt Lake
    State
    Utah
    Longitude
    -112.11011
    Latitude
    40.70601

    Nearby Similar for Sale

    • $480,000
      1,430 SF

      Magna Duplex with Development Potential

      Income-generating duplex on large lot near Salt Lake City.
      2620 S 8590 W, Magna, UT 84044
      View Details
    • $595,000
      2,919 SF

      Magna Triplex Income Property

      Charming triplex in Magna, perfect for rental income.
      2992 S 8850 W, Magna, UT 84044
      View Details
    • $1,600,000

      Commercial Property with Multiple Kitchens

      One-acre commercial property featuring three kitchens and retail space.
      8555 W MAGNA MAIN St, Magna, UT 84044
      View Details
    • $950,000
      3,600 SF

      Magna Fourplex Near Main Street

      Well-maintained fourplex in Magna, near amenities and public services.
      2739 S BUCCANEER Dr W, Magna, UT 84044
      View Details
    • $800,000
      6,300 SF

      Iconic Building in Magna, Utah

      Two-story shell building on a 17,625 SF lot.
      8945 W Magna Main St, Magna, UT 84044
      View Details
    • $898,000

      Magna Land Multifamily Development Opportunity

      0.77-acre corner lot zoned for multifamily development in Magna, UT.
      7382 W 3500 S, Magna, UT 84044
      View Details
    • $745,000
      5,850 SF

      Magna Multifamily Property For Sale

      Three-unit multifamily property on a large lot in Magna, Utah.
      8812 W 3100 S, Magna, UT 84044
      View Details
    • $179,000

      Residential Lot in Magna, UT

      Residential lot with utilities connected and duplex zoning.
      2813 S SPENCER Ave, Magna, UT 84044
      View Details
    • $649,900

      Industrial Land in Magna, Utah

      Two acres of industrial land zoned for manufacturing.
      4321 S 8460 W, Magna, UT 84044
      View Details
    • $2,994,633

      Valvoline Property For Sale

      Valvoline property with corporate guarantee and strong co-tenancy.
      8164 W 3500 S, Magna, UT
      View Details
    • $2,350,000

      Industrial Land For Rent

      2.33 acres of industrial land available for lease.
      1924 S 7200 W, Magna, UT
      View Details
    • $23,000,000
      39 SF

      39.27 Acres in Magna, Utah

      39.27 acres of land for industrial use in Magna.
      7486 Tempo Road, Magna, UT, 84044
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite in Magna, ready for building with utilities connected.
    Where is this residential land & home lot located?
    The property is located at 2991 S 9200 W Magna, UT.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: Utilities already brought to the lot, saving time and upfront costs.; New sidewalks, curb, and gutter already in place.; Ready‑to‑go homesite in Magna.
    (801) 899-9102
    We can help!
    Listing Contact
    Bryce Anderson
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!