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    869 Turf Farm Rd Payson, UT 84651

    For Sale
    $2,200,000

    High-Yield Retail Property, Payson, UT

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional Payson, UT retail property, encompassing parcels 869 and 871 Turf Farm, presents a lucrative investment opportunity. The 0.49-acre site boasts a prime location surrounded by other retail businesses, ensuring high visibility and foot traffic. The property currently houses two triple-net tenants, generating a substantial annual net income of $140,000. Leases include a built-in 3% annual escalation clause, providing consistent growth potential. Recent upgrades significantly enhance the property's value and operational efficiency. In 2022, a $45,000 investment upgraded the electrical system to a robust 3-phase 400-amp service, specifically benefiting the on-site restaurant. Further improvements in 2024 included a complete landscaping overhaul costing $26,000, resulting in a visually appealing and well-maintained property. The building itself is in excellent condition. The property offers a compelling 6.59% capitalization rate, making it an attractive investment for discerning buyers. While square footage is estimated from an appraisal, potential buyers are encouraged to conduct their own independent measurement. This turnkey operation provides immediate cash flow and a strong foundation for long-term growth in a thriving retail market. The property's strategic location, strong tenant occupancy, and recent upgrades combine to create a truly exceptional investment opportunity.

    Property Features for 869 Turf Farm Rd

    General Information

    Property type
    Retail properties
    Lot Size
    21,344 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mid City Vapor ... Tobacco Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Utah
    State
    Utah
    Longitude
    -111.7538
    Latitude
    40.03057

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    FAQs

    What type of property is this?
    Retail property - High-Yield Retail Property, Payson, UT
    Where is this retail property located?
    The property is located at 869 Turf Farm Rd Payson, UT.
    What is the asking price?
    The asking price for this property is $2,200,000.
    (801) 652-0056
    Request Owner's contact information
    869 Turf Farm Rd Payson, UT 84651
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    Realmo Value Estimation

    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.

    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.

    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
    869 Turf Farm Rd Payson, UT 84651
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