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

    5948 E GRINDSTONE Dr S unit 4 Springville, UT 84663

    View on Map
    Claim this Listing
    For Sale
    $425,000

    LAND - Springville, UT

    Lot size:
    0.41 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    30
    Last Refresh:
    Apr 15 at 12:06 am

    Property Features for 5948 E GRINDSTONE Dr S unit 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single-Family
    Standard status
    Active
    APN
    40-046-0004
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2800

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Eric Orme

    Listing agent Eric Orme

    Listing office Equity Real Estate (Results) 321 E State Rd Suite 150, Sandy, UT

    Listing date Mar 17, 2026

    MLS# 2149183 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

    Residential Land Near Hobble Creek

    Located in the Grindstone neighborhood near Hobble Creek Golf Course, this 0.41-acre building lot offers a setting for residential construction. The property is characterized by the presence of trees and mountain views. It provides access to recreational activities such as hiking, biking, and golf at Hobble Creek Golf Course. The lot is situated in a canyon community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Hotel & Motel (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Utah
    State
    Utah
    Longitude
    -111.509347
    Latitude
    40.160359

    Nearby Similar for Sale

    • $720,000

      Versatile Commercial Space on Main

      Prime Main Street location with excellent visibility and foot traffic.
      236 S MAIN St, Springville, UT 84663
      View Details
    • $695,000

      Exclusive Homesite in Springville, UT

      Rare opportunity to build a custom dream home.
      1520 E 1200 S, Springville, UT 84663
      View Details
    • $1,870,000
      6,884 SF

      New Townhomes Portfolio: Investor Opportunity

      Four new townhomes for sale in Springville, Utah.
      741 S HARRISON Dr, Springville, UT 84663
      View Details
    • $950,000

      Exclusive Riverfront Homesite Opportunity

      Build your dream estate on this private, riverfront property.
      1544 E 1200 S, Springville, UT 84663
      View Details
    • $199,900

      Springville Foothills Dream Home Lot

      0.824 acre lot with unobstructed valley and lake views.
      1783 SPRING OAKS Dr unit: 12 & 1, Springville, UT 84663
      View Details
    • $375,000

      Springville Land with Canyon Views

      Corner lot with unobstructed canyon and mountain views in Springville.
      285 MEADOW BRIDGE Dr unit: 6, Springville, UT 84663
      View Details
    • $999,999

      Rare Springville Acreage with Farmhouse

      6.63 acres with updated farmhouse and outbuildings near town.
      1632 S MAIN St, Springville, UT 84663
      View Details
    • $79,000

      Recreational Land with Mountain Views

      Recreational lot near Hobble Creek Golf Course with spectacular views.
      2000 OAK WOOD Dr unit: 1, Springville, UT 84663
      View Details
    • Contact for pricing
      11,058 SF

      Industrial Facility with Flexible Suites

      Rare industrial facility featuring flexible suites on a 0.88-acre lot.
      180 W 900 N St, Springville, UT 84663
      View Details
    • $1,870,000
      6,884 SF

      New Springville Fourplex Investment Opportunity

      Newly built fourplex in desirable Springville location with modern townhomes.
      743 Harrison Dr, Springville, UT 84663
      View Details
    • $1,822,500
      8,100 SF

      Springville Warehouse Units For Sale

      Three warehouse units available, each 8,100 SF, Springville, Utah.
      141-145 W 900 N St, Springville, UT
      View Details
    • $3,150,000
      12,086 SF

      Retail Property in Springville, UT

      Retail property available for sale in Springville, Utah.
      1190 N Main St, Springville, UT
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.41-acre building lot in Grindstone neighborhood, Springville, UT.
    Where is this residential land & home lot located?
    The property is located at 5948 E GRINDSTONE Dr S unit 4 Springville, UT.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Located on Hobble Creek Golf Course in the desirable Grindstone neighborhood.; .41‑acre building lot with mountain views and towering trees.; Offers privacy and natural charm with fresh canyon air.
    (801) 432-0045
    We can help!
    Listing Contact
    Eric Orme
    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!