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

    1200 South Highway 89 Logan, UT 84058

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land available for sale.

    Type:Land
    Added:
    Jan 21, 2023
    Days on Market:
    1194
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 1200 South Highway 89

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Cameron Simonsen
    Cameron Simonsen

    Listing agent Cameron Simonsen License #UT5521671 - SA00

    Listing office Colliers - Salt Lake City, Utah

    Listing date Jan 21, 2023

    Source Crexi

    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 Colliers - Salt Lake City, Utah

    Overview

    Land For Sale

    The property is land available for sale.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Logan
    County
    Cache
    State
    Utah
    Longitude
    -111.842539
    Latitude
    41.709491

    Nearby Similar for Sale

    • $649,000
      2,756 SF

      Logan Triplex with Updated Units

      Updated triplex in Logan's Adams neighborhood with ample parking.
      219 E 500 N, Logan, UT 84321
      View Details
    • $590,000

      36 Acres Horse Property, Logan

      36+ acre horse property bordering public land in Logan, UT.
      100 S 3600 W, Logan, UT 84321
      View Details
    • $375,000

      Riverfront Lot with Mountain Views

      Scenic Logan River lot with premier outdoor lifestyle community amenities.
      1302 WILLOW LAKES DR 106, Logan, UT 84321
      View Details
    • $199,900

      Residential Land in Canyon Road

      0.25-acre lot with valley and mountain views.
      745 E CANYON Rd N, Logan, UT 84321
      View Details
    • $1,325,000
      5,119 SF

      Logan Triplex with Rental Potential

      New triplex in Logan with nightly rental approval.
      702 N 100 W, Logan, UT 84321
      View Details
    • $266,667

      Land in Logan, Utah

      Agricultural land with irrigation rights, potential for commercial development.
      Logan, UT 84321
      View Details
    • $4,400,000

      Anchored Office Investment Opportunity

      Anchored by State of Utah, long-standing tenant, great location.
      115 W GOLF COURSE S RD, Logan, UT 84321
      View Details
    • Contact for pricing
      32,704 SF

      Logan Industrial Buildings For Sale

      Two industrial buildings totaling 32,704 SF on 1.86 acres.
      844 W 400 N, Logan, UT 84321
      View Details
    • $1,600,000

      Four-Screen Movie Theater Available

      Four-screen movie theater for sale in Logan, Utah.
      2297 N MAIN ST, Logan, UT 84341
      View Details
    • $3,000,000
      7,500 SF

      Logan 16-Unit Apartment Building

      Remodeled studio apartments near Utah State University.
      331 N 400 E, Logan, UT 84321
      View Details
    • $448,000

      Logan Land For Sale

      Land available in Logan, Utah.
      56 E 700 N, Logan, UT 84321
      View Details
    • $14,995,000
      37,860 SF

      Multifamily Portfolio Near Utah State

      65-unit multifamily portfolio near Utah State Campus in Logan, Utah.
      620 E 600 N, Logan, UT 84321
      View Details

    FAQs

    What type of property is this?
    Land - Land available for sale.
    Where is this land located?
    The property is located at 1200 South Highway 89 Logan, UT.
    What are key features of this property?
    This property features: No property information was provided to analyze.
    (801) 750-5127 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cameron Simonsen
    Cameron Simonsen
    Real Estate License ID: UT5521671 - SA00
    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!