Sign Up Successful!
You now have access to more from Realmo!
    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

    Mt Pleasant, UT 84647

    Sponsored
    For Sale
    $600,000

    LAND - Mt Pleasant, UT

    Lot size:
    20.03 Acres
    Days on Market:
    72
    Last Refresh:
    Feb 13 at 11:06 am

    Property Features for

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Single-Family, Agricultur
    APN
    26142
    Lot size
    20.03 Acres

    We can help!

    Listing Contact
    Hillary Miller

    Equity Real Estate-Utah Valley (801) 636-3500

    Listing agent Hillary Miller (385) 327-4853

    Listing date Dec 4, 2025

    MLS# 2090826 Listing URL

    Copyright © 2025 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.

    Learn more

    Overview

    20 Acres Pasture and Farmland

    This property features approximately 20 acres of pasture and farmland, equipped with pressurized irrigation and handlines. The land includes springs, ponds, and creeks. Suitable for livestock, the property is also buildable, with utilities accessible across the road. It is divided into five pastures, ideal for rotational grazing. Water right numbers 65-3293 and 65-3292, totaling approximately 76 acre feet, are included in the sale via quit claim deed. Water shares are available at an additional cost. The zoning is Single-Family, Agricultur.
    Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Mt Pleasant
    County
    Sanpete
    State
    Utah
    Longitude
    -111.465
    Latitude
    39.4687

    Nearby Similar for Sale

    • $325,000
      0.47 Acres

      Industrial Warehouse with Paint Booth

      Spacious warehouse in Mt Pleasant with paint booth and compressor.
      1432 Blackhawk Blvd, Mt Pleasant, UT 84647
      View Details
    • $725,000
      0.74 Acres

      Industrial Shop with Office Space

      Freestanding industrial shop with offices, conference room, and fenced lot.
      670 Wakara Ave, Mt Pleasant, UT 84647
      View Details
    • $449,000
      0.05 Acres

      Historic Restaurant in Prime Location

      Turnkey restaurant opportunity in a high-traffic downtown location.
      1 N State St, Mt Pleasant, UT 84647
      View Details

    FAQs

    What type of property is this?
    Farm - 20 acres of pasture and farmland with pressurized irrigation.
    Where is this farm located?
    The property is located at Mt Pleasant, UT.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Approximately 20 acres of pasture and farmland.; - Pressurized irrigation with handlines included.; - Buildable with utilities available nearby.
    (385) 327-4853
    Request Owner's contact information
    Mt Pleasant, UT 84647
    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.
    Mt Pleasant, UT 84647
    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
    Mt Pleasant, UT 84647
    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

    We can help!
    Listing Contact
    Hillary Miller
    (385) 327-4853 (801) 636-3500 (719) 248-4696
    Learn more
    Google sign-in failed. Please try again or use another login method.