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

    Park City, UT 84060

    Sponsored
    For Sale
    $9,725,000

    LAND - Park City, UT

    Lot size:
    1.44 Acres
    Days on Market:
    58
    Last Refresh:
    Feb 4 at 3:06 am

    Property Features for

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.44 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Sara Werbelow
    Sara Werbelow

    Christies International RE PC (435) 640-1900

    Listing agent Sara Werbelow (435) 640-5300

    Listing date Dec 9, 2025

    MLS# 12504058 Listing URL

    Copyright © 2026 Park City 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.

    Learn more

    Property Insight Report

    Overview

    Park City Mountain Resort Estate Parcel

    This 1.44-acre estate parcel is located high on the slopes of Park City Mountain Resort. Situated on a private road within a seven-residence subdivision, the property is framed by mature evergreens and aspens and backs up to the King's Crown conservation easement. The homesite captures panoramas of Old Town, Deer Valley, and the town of Park City. The setting is near the resort's base area and Main Street. The parcel offers the potential to create a mountain residence, with the opportunity for an accessory building, subject to City approval. Parcels of this caliber-combining size, privacy, direct resort adjacency, and protected views-are vanishingly rare. This property represents an opportunity to secure a piece of mountain history and to create a home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Park City
    County
    Summit
    State
    Utah
    Longitude
    -111.503
    Latitude
    40.6558

    Nearby Similar for Sale

    • $8,900,000
      0.21 Acres

      Spacious Commercial Unit in Park City

      Large flex/industrial space with expansion potential near highway access.
      4554 Forestdale Dr, Park City, UT 84098
      View Details
    • $3,700,000
      5,260 SF

      Park City Professional Office Building

      Professional office building in high-traffic Park City location.
      3247 Santa Fe Rd, Park City, UT 84098
      View Details
    • $750,000
      1.50 Acres

      Turn-Key Restaurant on Main Street

      Restaurant business for sale on Main Street in Park City.
      710 Main St, Park City, UT 84060
      View Details
    • $2,100,000
      3,600 SF

      New Flex Space in Park City

      Two-story flex space with warehouse and office areas.
      4518 N Forestdale Dr, Park City, UT 84098
      View Details
    • $740,000

      Remodeled Canyon Creek Top-Floor Residence

      Spacious condo with modern updates and resort-style amenities.
      900 Bitner Rd, Park City, UT 84098
      View Details
    • $2,100,000
      1,514 SF

      Renovated Deer Valley Condo with Views

      Luxury renovated condo near Deer Valley Resort with mountain views.
      2510 E Deer Valley Dr, Park City, UT 84060
      View Details
    • $420,000
      446 SF

      Updated Loft in Prospector Square

      Stylish, updated loft near Park City's attractions and ski resorts.
      2245 Sidewinder Dr, Park City, UT 84060
      View Details
    • $755,000
      1,301 SF

      Private Corner Residence in Park City

      Rare ground-level unit with direct access to green space and trails.
      5519 Lillehammer Ln, Park City, UT 84098
      View Details
    • $755,000

      Private Corner Residence in Park City

      Rare ground-level corner residence with unmatched privacy and convenient access.
      5519 Lillehammer Ln, Park City, UT 84098
      View Details
    • $1,190,000
      2,778 SF

      Turn-Key Rental Investment Opportunity

      Refined residence with flexible layout, income potential, and community amenities.
      5428 N Bobsled Blvd, Park City, UT 84098
      View Details
    • $1,190,000
      2,550 SF

      Turnkey Investment in Bear Hollow

      Unique property with scheduled rental income near Kimball Junction.
      5428 N Bobsled Blvd, Park City, UT 84098
      View Details
    • $19,250,000
      5,832 SF

      Historic Main Street Commercial Building

      Prime location with income potential in Park City.
      268 Main St, Park City, UT 84060
      View Details

    FAQs

    What type of property is this?
    Land - 1.44-acre estate parcel on Park City Mountain Resort slopes.
    Where is this land located?
    The property is located at Park City, UT.
    What is the asking price?
    The asking price for this property is $9,725,000.
    What are key features of this property?
    This property features: - Rare 1.44-acre estate parcel on Park City Mountain Resort.; - Backs to King's Crown conservation easement (preserved open space).; - Enjoy panoramic views of Old Town, Deer Valley, and Park City.
    (435) 640-5300
    Request Owner's contact information
    Park City, UT 84060
    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.
    Park City, UT 84060
    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
    Park City, UT 84060
    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
    Sara Werbelow
    Sara Werbelow
    (435) 640-5300
    Learn more
    Google sign-in failed. Please try again or use another login method.