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

    1055 W 715 S, Fillmore, UT 84631

    View on Map
    Claim this Listing
    For Sale
    $50,000

    COMMERCIAL - Fillmore, UT

    Lot size:
    1.02 Acres
    Added:
    Nov 6, 2025
    Days on Market:
    190
    Last Refresh:
    May 15 at 6:06 am

    Property Features for 1055 W 715 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial, Industrial
    Standard status
    Active
    APN
    F-SF-5
    Lot size
    1.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    53

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Molly Stevens

    Listing agent Molly Stevens License #5483669

    Listing office Signature Real Estate Services Inc 35 S Main, Fillmore, UT

    Listing date Nov 6, 2025

    MLS# 2121614 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.

    HighLights

    • Light Industrial Zoning offers flexibility for commercial, retail, and industrial ventures.
    • Highly visible location from I‑15 with easy access from the south exit.
    • Positioned in Fillmore, the "Cross Roads of the West" with access to I‑70, I‑15, and Hwy 50/6.
    • 1.02 Acre Lot located within Fillmore City limits.
    • All utilities are available for connection.
    • Conveniently near industrial businesses, the airport, truck stops, and the new Arby's restaurant.

    Overview

    This 1.02-acre lot, zoned for light industrial use, is located within Fillmore city limits. The zoning permits commercial, retail, and industrial applications. Situated just north of the new Arby's restaurant, the property is in proximity to industrial businesses, the airport, and multiple truck stop stations. The location offers visibility from I-15 and convenient access from the south I-15 exit. All utilities are available for connection. The property is located near the crossroads of the West, with access to I-70, I-15, and Hwy 50/6. Access is available from 1100 West 715 South. The city may require paving the undeveloped road in front of the lot when a building project is initiated.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Fillmore
    County
    Millard
    State
    Utah
    Longitude
    -112.594
    Latitude
    38.898

    Nearby Similar for Sale

    • $1,075,000
      4,800 SF

      New Fourplex Investment Opportunity

      New construction fourplex with tenants lined up for immediate income.
      70 N 400 W, Fillmore, UT 84631
      View Details
    • $540,000

      Fillmore Land for Development

      6.71 acre lot in Fillmore City limits.
      310 S 500 W, Fillmore, UT 84631
      View Details
    • $495,000

      Log Cabin Style Commercial Building

      Commercial or residential use allowed in General Commercial zone.
      280 W 500 S, Fillmore, UT 84631
      View Details
    • $2,200,000

      Residential Development Opportunity in Fillmore

      Exceptional residential development opportunity in a growing Utah community.
      405 E 500 S, Fillmore, UT 84631
      View Details
    • $575,000

      30 Acres I-70 Frontage Land

      30-acre parcel with I-70 frontage near Exit 1.
      HWY 161 I-70, EXIT 1, Fillmore, UT 84631
      View Details
    • $345,000

      Fillmore Land I-15 Frontage

      89.47 acres with I-15 frontage near Fillmore, Utah.
      2000 N W FRONTAGE I-15, Fillmore, UT 84631
      View Details
    • $340,000

      Fillmore Land with Panoramic Views

      10-acre recreational land with abundant wildlife and water rights.
      750 E 800 S, Fillmore, UT 84631
      View Details
    • $100,000

      Five-Acre Buildable Residential Lot

      Five-acre buildable residential lot with mountain and valley views.
      2000 S FRONTAGE Rd W, Fillmore, UT 84631
      View Details
    • $165,000

      Fillmore Land with Mountain Views

      5-acre recreational land with valley and mountain views.
      E 800 S, Fillmore, UT 84631
      View Details
    • $289,000

      8 Acres Recreational Land Fillmore

      8.09 acres near Sand Rock Ridge Road in Fillmore, Utah.
      760 E 700 S, Fillmore, UT 84631
      View Details
    • $145,000

      320 Acres of Open Grazing Land

      320 acres of grazing land near Milford, Utah.
      24000 W 17300 S, Fillmore, UT 84631
      View Details
    • $128,000

      320 Acres Recreational Land, Fillmore

      320 acres ideal for recreation, grazing, and hunting.
      13000 W 6500 S, Fillmore, UT 84631
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.02 acre commercial/industrial lot with utilities available.
    Where is this commercial land located?
    The property is located at 1055 W 715 S Fillmore, UT.
    What is the asking price?
    The asking price for this property is $50,000.
    What are key features of this property?
    This property features: Light Industrial Zoning offers flexibility for commercial, retail, and industrial ventures.; Highly visible location from I‑15 with easy access from the south exit.; Positioned in Fillmore, the "Cross Roads of the West" with access to I‑70, I‑15, and Hwy 50/6.
    (435) 864-8398
    We can help!
    Listing Contact
    Molly Stevens
    Real Estate License ID: 5483669
    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

    Thank You for Inquiry
    1055 W 715 S, Fillmore, UT 84631
    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!