Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Saratoga Springs, UT 84043 Saratoga Springs, UT 84043

    View on Map
    Claim this Listing
    For Sale
    $1,055,000

    LAND - Saratoga Springs, UT

    Lot size:
    10.55 Acres
    Added:
    Dec 9, 2024
    Days on Market:
    507
    Last Refresh:
    Apr 30 at 7:06 pm

    Property Features

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single-Family, Agricultur
    Standard status
    Active
    APN
    59-023-0004
    Lot size
    10.55 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2134

    We can help!

    Listing Contact
    Brett Wright

    Listing agent Brett Wright

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

    Listing date Dec 9, 2024

    MLS# 2053888 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

    Saratoga Springs Raw Land

    This is 10.55 acres of raw land located in Utah County, just south of Talon's Cove golf course. According to Saratoga Springs City, the land is slated for development within the next 3-10 years. Current plans suggest 1-acre parcels; however, the city has indicated a willingness to consider .25 - .50 acre lots for future development. The property is zoned for single-family and agricultural use. There are no water rights or utilities currently on the property.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Saratoga Springs
    County
    Utah
    State
    Utah
    Longitude
    -111.932
    Latitude
    40.3099

    Nearby Similar for Sale

    • $339,000

      Saratoga Springs Building Lot

      Flat, ready-to-build 0.27-acre lot in Saratoga Springs, UT.
      1514 N COZY Ln, Saratoga Springs, UT 84045
      View Details
    • $1,200,000

      Saratoga Springs Commercial Development Land

      Commercial land available for retail and hospitality development.
      220 MARKET St, Saratoga Springs, UT 84045
      View Details
    • $319,995

      Residential Land in Saratoga Springs

      Land with unobstructed views and backing onto an 11-acre park.
      2954 S FOX POINTE Dr, Saratoga Springs, UT 84045
      View Details
    • $4,546,000
      1,565 SF

      Saratoga Springs Retail Space Available

      Retail spaces available in a rapidly growing Utah city.
      261 Crossroads Blvd, Saratoga Springs, UT
      View Details
    • $999,038
      2,127 SF

      Saratoga Springs Office Space

      Office space available for purchase in Saratoga Springs, Utah.
      1528 N Commerce Dr, Saratoga Springs, UT
      View Details
    • $678,516

      Commercial Land in Saratoga Springs

      0.708 acre commercial land suitable for various developments.
      2160 N Redwood Rd, Saratoga Springs, UT
      View Details
    • $3,760,000
      1,464 SF

      Saratoga Springs Retail Space Available

      Retail spaces available in a rapidly growing Utah city.
      333 Crossroads Blvd, Saratoga Springs, UT
      View Details
    • $1,329,000

      Riverside Crossing Commercial Land Available

      Commercial land for sale in Riverside Crossing Subdivision.
      70 E THRIVE DR 12, Saratoga Springs, UT 84043
      View Details
    • $31,880,000
      100,897 SF

      Saratoga Springs Retail Center

      Well-positioned retail center in rapidly growing Saratoga Springs, Utah.
      1320 N Redwood Rd, Saratoga Springs, UT
      View Details
    • $3,950,000

      Prime Commercial Land For Sale

      3.22 acres of commercial land off Redwood Road.
      2538 N REDWOOD RD, Saratoga Springs, UT 84045
      View Details
    • $10,530,000
      31,195 SF

      Retail Property with Indoor Shooting

      31,195 SF retail property with 12 indoor shooting lanes.
      217 Crossroads Blvd, Saratoga Springs, UT
      View Details
    • $3,475,000

      Land at Pioneer Crossing Corner

      Two parcels of land at a prominent intersection.
      59 E Thrive Dr, Saratoga Springs, UT
      View Details

    FAQs

    What type of property is this?
    Land - 10.55 acres of raw land in Saratoga Springs, Utah.
    Where is this land located?
    The property is located at Saratoga Springs, UT.
    What is the asking price?
    The asking price for this property is $1,055,000.
    What are key features of this property?
    This property features: 10.55 acres of raw land in Utah County; Located near Talon's Cove golf course; Saratoga Springs City anticipates development within 3‑10 years
    (801) 859-2438
    We can help!
    Listing Contact
    Brett Wright
    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!