Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Santa Clara Land Opportunity Title is generated by Realmo AI

    874 Lugano Lane, Santa Clara, UT 84765

    View on Map
    Claim this Listing
    For Sale
    $899,000

    LAND - Santa Clara, UT

    Property size:
    26,572 SF
    Lot size:
    0.61 Acres
    Price / SF:
    $33/SF
    Added:
    Sep 20, 2024
    Days on Market:
    624
    Last Refresh:
    Jun 5 at 7:06 pm

    Property Features for 874 Lugano Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    SC-LUG-5
    Size
    26,572 SF
    Lot size
    0.61 Acres

    Utilities

    Utilities
    Cable Available

    We can help!

    Listing Contact
    Jacob C Lindsey

    Listing agent Jacob C Lindsey

    Listing office RED ROCK REAL ESTATE 90 E 100 S, ST George, UT

    Listing date Sep 20, 2024

    MLS# 24-254852 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

    • Large .61‑acre lot in the new Lugano subdivision.
    • Expansive 217 feet of frontage for custom home design.
    • High‑end cement fencing and landscaped common areas.
    • Monument signs at entrances enhance the subdivision's aesthetic.
    • Extra wide park strip with individually lit, mature trees.
    • Cable Available

    Overview

    Located in the new Lugano subdivision in Santa Clara, Utah, this 0.61-acre lot provides an opportunity to create a living space. The parcel features 217 feet of frontage. The subdivision includes monument signs at both entrances, extra wide park strips with individually lit 15-year-old trees, high-end cement fencing, and landscaped common areas. Electric outlets are installed at the base of each tree, and upgraded signage is present throughout the subdivision. This lot offers the potential to build a dream home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Santa Clara
    County
    Washington
    State
    Utah
    Longitude
    -113.64355
    Latitude
    37.126746

    Nearby Similar for Sale

    • $430,000
      20,473 SF

      Santa Clara Land Parcel

      Expansive lot with recreational access and stunning views.
      3979 W Sunset Dr, Santa Clara, UT 84765
      View Details
    • $549,900
      14,375 SF

      Premier Homesite in Santa Clara

      Rare opportunity to build your dream home in a coveted community.
      W CLARY HILLS Dr, Santa Clara, UT 84765
      View Details
    • $1,179,000
      22,442 SF

      Golf Course Residential Homesite

      Build a custom home on a Black Desert golf course lot with resort-club membership and sweeping red rock views.
      2349 S Lava Vista Dr, Santa Clara, UT 84765
      View Details
    • $415,000
      20,037 SF

      Spacious Lot in Southern Utah

      0.46-acre lot to build your dream home.
      3986 W Sunrise Dr, Santa Clara, UT 84765
      View Details
    • $1,375,000
      4,150 SF

      Santa Clara Commercial Opportunity

      Commercial property for sale in Santa Clara, Utah.
      2711 Santa Clara Drive, Santa Clara, UT 84765
      View Details
    • $479,000
      28,749 SF

      Santa Clara Horse-Friendly Land

      Horse-friendly land near St. George, close to outdoor attractions.
      1380 Clara Crossing, Santa Clara, UT 84765
      View Details
    • $1,495,000
      46,174 SF

      Santa Clara Homesite on Golf Course

      Exceptional 1-acre homesite backing the Black Desert Golf Course.
      2431 Phil Smith Ct, Santa Clara, UT 84765
      View Details
    • $4,200,000
      6,400 SF

      Modern Retail Property Near Resort

      Multi-tenant retail property near Black Desert Resort in Santa Clara.
      3687 Pioneer Parkway, Santa Clara, UT 84765
      View Details
    • $3,317,000
      77,537 SF

      Golf Course Lot in Resort Community

      Resort double-fairway lot with backing views of the 5th and 6th fairways, offering privacy for a custom home plan.
      2437 Black Point Cir, Santa Clara, UT 84765
      View Details
    • $270,000
      14,607 SF

      Santa Clara Land with Views

      Residential lot with views in Santa Clara, Utah.
      1471 Colbey Lp, Santa Clara, UT 84765
      View Details
    • $900,000
      27,878 SF

      Homesite Ready for Building

      Flat 0.65-acre homesite in Santa Clara, Utah.
      61 Silver Reef, Santa Clara, UT 84765
      View Details
    • $1,999,000
      37,026 SF

      Homesite on Black Desert Golf

      Homesite backing the 4th fairway of Black Desert Golf Course.
      2442 S Village Dr, Santa Clara, UT 84765
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.61-acre lot in Lugano subdivision, Santa Clara, Utah.
    Where is this residential land & home lot located?
    The property is located at 874 Lugano Lane Santa Clara, UT.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Large .61‑acre lot in the new Lugano subdivision.; Expansive 217 feet of frontage for custom home design.; High‑end cement fencing and landscaped common areas.
    (801) 425-6730
    We can help!
    Listing Contact
    Jacob C Lindsey
    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
    874 Lugano Lane, Santa Clara, UT 84765
    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!