Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    6 Acre Recreation Land Parcel Title is generated by Realmo AI

    Parcel 3 Summit Mountain Rd, Summit, UT 84772

    View on Map
    Claim this Listing
    For Sale
    $150,000

    LAND - Summit, UT

    Property size:
    261,360 SF
    Lot size:
    6.00 Acres
    Price / SF:
    $0.57/SF
    Added:
    Sep 11, 2025
    Days on Market:
    268
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for Parcel 3 Summit Mountain Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Recreation
    Standard status
    Active
    APN
    D-0201-0004-0000
    Size
    261,360 SF
    Lot size
    6.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    943

    We can help!

    Listing Contact
    Daniel S Roberts

    Listing agent Daniel S Roberts License #5480148

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

    Listing date Sep 11, 2025

    MLS# 25-265001 Listing URL

    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

    • 6 acre parcel
    • Location coordinates provided

    Overview

    This property features a 6-acre parcel of land designated for recreational use. The property, identified as Parcel 3 on Summit Mountain Rd in Summit, Utah, is located in Iron County. The lot encompasses 261360 square feet and is zoned for recreation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Summit
    County
    Iron
    State
    Utah
    Longitude
    -112.772
    Latitude
    37.7076

    Nearby Similar for Sale

    • $100,000
      217,800 SF

      Ready-to-Build Lot Near Brian Head

      5-acre lot with utilities near Brian Head and Cedar Breaks.
      3200 Subdivision, Summit, UT 84772
      View Details
    • $325,000

      Summit, UT Fenced Land

      15+ acres of fenced land suitable for various uses.
      200 W, Summit, UT 84772
      View Details
    • $450,000
      1 SF

      32 Acres with Cabin, Summit

      Recreational land with cabin on 32 acres in Summit, UT.
      Parcel 1 Summit Canyon Rd, Summit, UT 84772
      View Details
    • $350,000
      1 SF

      32 Acre Recreation Land Parcel

      32 acre recreation land parcel in Summit, Utah.
      Parcel 2 Summit Mountain Rd, Summit, UT 84772
      View Details
    • $279,000

      Summit, UT Land with Water

      10.18 acres with water rights near I-15.
      W 700 N, Summit, UT 84772
      View Details
    • $314,700

      Commercial Land in Summit, Utah

      10.49 acres of commercial land for sale in Summit.
      Summit, UT 84772
      View Details
    • $314,400

      Commercial Land in Summit, Utah

      10.48 acres of commercial land with water rights.
      Summit, UT 84772
      View Details
    • $1,999,999
      5,700,000 SF

      Summit, UT Working Alfalfa Farm

      131-acre working alfalfa farm and ranch in Summit, Utah.
      131.07 Ac Working Farm +105 AC/FT, Summit, UT 84772
      View Details
    • $179,575

      Residential Land in Summit, UT

      6.53 acres of residential land available in Summit, UT.
      Summit, UT 84772
      View Details
    • $378,675

      Summit, UT Land Opportunity

      Land for sale in Summit, UT with water rights.
      Summit, UT 84772
      View Details
    • $199,100

      Residential Land in Summit, Utah

      7.24 acres of residential land for sale in Summit.
      Summit, UT 84772
      View Details

    FAQs

    What type of property is this?
    Recreation land - Recreational land parcel available in Summit, Utah.
    Where is this recreation land located?
    The property is located at Parcel 3 Summit Mountain Rd Summit, UT.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: 6 acre parcel; Location coordinates provided
    (435) 559-2221
    We can help!
    Listing Contact
    Daniel S Roberts
    Real Estate License ID: 5480148
    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

    Thank You for Inquiry
    Parcel 3 Summit Mountain Rd, Summit, UT 84772
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!