Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    5283 Wheeler Way Hurricane, UT 84737

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land for sale or lease in Fairgrounds Industrial Park.

    Property size:
    1 SF
    Lot size:
    1.08 Acres

    Property Features for 5283 Wheeler Way

    General Information

    Size
    1 SF
    Lot size
    1.08 Acres

    We can help!

    Listing Contact
    Curren Christensen
    Source: Naiglobal

    Listing Agent: Curren Christensen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Fairgrounds Industrial Park Land Available

    Lots 2 and 3 are available for sale or lease within the Fairgrounds Industrial Park. The location is near the Regional Park entrance and across from the DMV. A 7,200 square foot building with an adequate yard on each lot is planned for completion in Q4 2025. The property is located near the industrial park entrance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Clothing Store Pharmacy Auto Repair Shop Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurricane
    County
    Washington
    State
    Utah
    Longitude
    -113.40386
    Latitude
    37.165604

    Nearby Similar for Sale

    • $9,750,000
      27,851 SF

      Luxury Townhomes in Hurricane, Utah

      Nightly-rental approved townhomes with resort amenities near Zion National Park.
      5204 W 2040 S, Hurricane, UT 84737
      View Details
    • $1,615,000
      7,080 SF

      New Townhomes in Hurricane, UT

      New townhomes with modern amenities in Hurricane, Utah.
      335 N 3210 W, Hurricane, UT 84737
      View Details
    • New
      $499,900
      Pending

      Hurricane Commercial Building on State

      2,176 SF commercial building on 0.47 acres in Hurricane.
      333 N State St, Hurricane, UT 84737
      View Details
    • $284,900
      Pending

      Hurricane Hangar with Aviation Freedom

      2,500 sq ft hangar perfect for aviation enthusiasts.
      2300 S 800 W #8S, Hurricane, UT 84737
      View Details
    • $123,900
      2,614 SF

      Affordable Lot with Livable RV

      Lot with RV in quiet community near recreation areas.
      103 Overlook Ln, Hurricane, UT 84737
      View Details
    • $1,756,000
      4,976 SF

      Spacious Multifamily Property in Hurricane

      Four units with modern finishes and upcoming community amenities.
      2910 W 570 N, Hurricane, UT 84737
      View Details
    • $75,000
      388 SF

      RV Lot in Canyons RV

      Trailer lot for sale in Hurricane, Utah.
      144 Ash St, Hurricane, UT 84737
      View Details
    • $700,000
      1,000 SF

      Established Custom Beverage Business

      Profitable custom beverage business with multiple locations for sale.
      N Dixie Downs Rd, Hurricane, UT
      View Details
    • $6,500,000
      31,616 SF

      New Industrial Property Investment Opportunity

      Newly constructed, fully leased industrial property near I-15 and SR-9.
      720 Regional Park Rd, Hurricane, UT 84737
      View Details
    • $550,000
      2,464 SF

      Mixed-Use Property with Commercial Potential

      Versatile property suitable for residential and commercial use.
      481 West 100 North, Hurricane, UT 84737
      View Details
    • $5,275,000
      18,500 SF

      Turn-Key Manufacturing Property For Sale

      Manufacturing property with office, living quarters, mezzanine, and showroom.
      293 N 2260 W, Hurricane, UT 84737
      View Details
    • $1,995,000
      4,000 SF

      SR-9 Frontage Car Lot

      Car lot with SR-9 frontage, vacation rentals, and auto bays.
      1550 W State St, Hurricane, UT 84737
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale or lease in Fairgrounds Industrial Park.
    Where is this land located?
    The property is located at 5283 Wheeler Way Hurricane, UT.
    What are key features of this property?
    This property features: - 7,200 SF building with Adequate Yard on each lot; - Located in Convenient Fairgrounds Industrial Park; - Near the Regional Park Entrance
    (435) 627-5752
    Request Owner's contact information
    5283 Wheeler Way Hurricane, UT 84737
    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.
    5283 Wheeler Way
    Hurricane, UT 84737
    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
    5283 Wheeler Way Hurricane, UT 84737
    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
    Curren Christensen
    Real Estate License ID: UT 6431250-SA00
    (435) 627-5752
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.