Add Listing
    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

    Gap Rd Parowan, UT

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land parcel available on Gap Road in Parowan, Utah.

    Type:LAND
    Lot size:
    5.05 Acres
    Added:
    Feb 7, 2025
    Days on Market:
    423
    Last Refresh:
    Apr 1 at 11:01 pm

    Property Features for Gap Rd

    General Information

    Standard status
    Active
    Lot size
    5.05 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Daniel Roberts

    Listing agent Daniel Roberts

    Listing office Coldwell Banker Commercial Advantage

    Listing date Feb 7, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Advantage

    Overview

    Land Parcel on Gap Road

    This land parcel, identified by tax roll number 0497306, is located on Gap Road in Parowan, Utah. The lot size is between 5 and 10 acres, and access is provided by a road. The property does not have water.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Parowan
    County
    Iron
    State
    Utah
    Longitude
    -112.828
    Latitude
    37.8422

    Nearby Similar for Sale

    • $450,000
      250,034 SF

      Land in Picturesque Parowan, UT

      Expansive land with mountain views, ideal for custom home.
      Pine Canyon Dr, Parowan, UT 84761
      View Details
    • $675,000

      Parowan Commercial Land Opportunity

      7.13-acre commercial parcel off I-15 Exit 75.
      484 S 2200 W, Parowan, UT 84761
      View Details
    • $61,900
      12,196 SF

      Residential Land in Parowan, Utah

      Undeveloped lot near downtown Parowan with mountain views.
      512 N Diane St, Parowan, UT 84761
      View Details
    • $75,000
      1,307 SF

      RV Lot with Mountain Views

      Premier RV lot in Foothills RV Park with mountain views.
      504 RHONDA, Parowan, UT 84761
      View Details
    • $75,000
      1,307 SF

      RV Lot with Mountain Views

      Premier RV lot in Foothills RV Park with utilities.
      502 RHONDA, Parowan, UT 84761
      View Details
    • $324,900
      108,028 SF

      Parowan Land Near Airport

      2.48 acre parcel with easy access and high visibility.
      700 N Highway 271, Parowan, UT 84761
      View Details
    • $99,000
      65,775 SF

      Parowan Land with Freeway Frontage

      1.51 acre lot with I-15 frontage in Parowan, Utah.
      1.51 Acres w freeway frontage, Parowan, UT 84761
      View Details
    • $139,900
      13,503 SF

      Corner Lot Near Parowan Canyon

      Flat corner lot with views near Brian Head.
      .31 ac Canyon Road, Parowan, UT 84761
      View Details
    • $225,000
      260,924 SF

      Parowan Land with Water Rights

      5.99-acre parcel in Parowan with water rights.
      Red Canyon Estates lot: 5, Parowan, UT 84761
      View Details
    • $262,000
      898,643 SF

      Parowan Land with Water Rights

      20+ acre parcel with well and water rights included.
      4951 N Kane Springs Rd, Parowan, UT 84761
      View Details
    • $675,000

      Parowan Dairy Freeze Opportunity

      Iconic Parowan Dairy Freeze business and real estate for sale.
      204 N MAIN ST, Parowan, UT 84761
      View Details
    • $189,900
      220,849 SF

      Parowan Land on Gap Road

      5.07 acres of land available in Parowan, Utah.
      5.07 Acres Gap Rd, Parowan, UT 84761
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel available on Gap Road in Parowan, Utah.
    Where is this land located?
    The property is located at Gap Rd Parowan, UT.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: Lot Size: **5‑10 Acres**; Access Type: Road; Tax Roll Number: 0497306
    (435) 559-2221 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Daniel Roberts
    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!