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

    1655 W RED HAWK Trl Park City, UT 84098

    View on Map
    Claim this Listing
    For Sale
    $1,399,000

    LAND - Park City, UT

    Lot size:
    10.91 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    18
    Last Refresh:
    Apr 30 at 8:06 pm

    Property Features for 1655 W RED HAWK Trl

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single-Family
    Standard status
    Active
    APN
    RRH-19
    Lot size
    10.91 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6268

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Nate Smith

    Listing agent Nate Smith

    Listing office Real Estate Essentials 9980 S 300 W Ste 300, Midvale, UT

    Listing date Apr 13, 2026

    MLS# 2151545 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.

    Overview

    Park City Acreage with Views

    This 10.91-acre lot is located in a private, gated neighborhood within The Ranches at the Preserve, near Park City, UT. The property offers views and natural wildlife. The lot provides a building envelope of 50,000 sq ft, allowing for up to four structures, including a primary residence, guest house, caretaker home, and a barn. Horses are permitted. The location is approximately 30 minutes from Salt Lake City International Airport and 20 minutes from Deer Valley and Park City Mountain Resort. Recreational opportunities in the area include golfing, skiing, hiking, fishing, biking, horseback riding, snowmobiling, and camping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Auto Repair Shop Auto Parts Store Garden Center Electrical Service Clothing & Fashion Store Veterinary Clinic Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Summit
    State
    Utah
    Longitude
    -111.536965
    Latitude
    40.744836

    Nearby Similar for Sale

    • $1,775,000
      3,600 SF

      New Live/Work Business Condo

      Versatile live/work condo in Park City, near Kimball Junction.
      4554 N Forestdale Drive unit: 27, Park City, UT 84098
      View Details
    • $825,000

      Park City Homesite in Pinebrook

      Scenic 0.86-acre homesite near Park City's amenities.
      7144 Canyon Drive lot: 87, Park City, UT 84098
      View Details
    • $660,000

      Buildable Lot in Pinebrook, Park

      Economically buildable lot with gentle topography near Park City trails.
      3315 Big Spruce Way, Park City, UT 84098
      View Details
    • $595,000

      Homestead Road Land in Park City

      Land for custom home in desirable Jeremy Ranch neighborhood.
      3161 Homestead Road, Park City, UT 84098
      View Details
    • $1,995,000

      Park City Homesite with Ski Views

      1.37-acre homesite in Promontory Club with ski run views.
      8654 MARMOT Cir, Park City, UT 84098
      View Details
    • $1,950,000
      3,600 SF

      New Flex Space in Park City

      Two-story flex space with warehouse and office areas.
      4518 N Forestdale Drive, Park City, UT 84098
      View Details
    • $3,700,000
      5,260 SF

      Park City Professional Office Building

      Professional office building in high-traffic Park City location.
      3247 Santa Fe Road, Park City, UT 84098
      View Details
    • $8,900,000

      Spacious Commercial Unit in Park City

      Large flex/industrial space with expansion potential near highway access.
      4554 FORESTDALE Dr, Park City, UT 84098
      View Details
    • $1,600,000

      Glenwild Homesite with Mountain Views

      Exceptional homesite in gated golf community with ski area views.
      8005 Glenwild Drive lot: 180, Park City, UT 84098
      View Details
    • $7,900,000

      Ski In Ski Out Land

      21.58 acre Colony parcel with ski-in/ski-out access.
      198 WHITE PINE CANYON Rd, Park City, UT 84060
      View Details
    • $4,250,000

      Deer Valley Land Opportunity

      Large vacant land parcel in Deer Valley with exceptional views.
      3755 Rising Star Lane lot: 4, Park City, UT 84060
      View Details
    • $1,375,000

      Park City Homesite with Ski Views

      Rare Old Town homesite with panoramic views and trail access.
      90 PROSPECT Ave, Park City, UT 84060
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 10.91-acre lot near Park City with building potential.
    Where is this residential land & home lot located?
    The property is located at 1655 W RED HAWK Trl Park City, UT.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: 10.91‑acre lot in a private, gated community.; Breathtaking views and natural wildlife.; **Large 50,000 sq ft building envelope allowing up to four structures.**
    (801) 259-5565
    We can help!
    Listing Contact
    Nate Smith
    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!