Golf Course View Vacation
For Sale
Contact for pricing
2248 Double Eagle Ln, Washington, UT 84780
Home with income potential overlooking Coral Canyon Golf Course.
Property Size4,153 SF
Price / SF$397.30
Days on Market183
Property Features for 2248 Double Eagle Ln
General Information
Standard status
Active
Size
4,153 SF
Property subtype
Hospitality
Investment Type
Owner/User
Building Details
Year Built
2019
Stories
2
Listing Agency:
Mansell Real Estate
Listed By:
Shilane Mansell · License #5474053-SA00
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 17 at 4:21PM
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 Mansell Real Estate
Investment Insights
Based on property information with market context.
This property overlooks the Coral Canyon Golf Course and is an approved and functioning vacation rental. The home features a floor plan designed for income potential. It includes a large kitchen and family room, with the primary suite located on the main floor. Upstairs, there are 6 bedrooms and 6 bathrooms. The property is designed for entertaining, featuring game rooms, play areas, a private swimming pool, and a hot tub overlooking the golf course. Additionally, there is a rooftop lounge with views. The property size is 4153 square feet.
Key Highlights
- Approved and functioning vacation rental with income potential.
- Enjoy a private swimming pool and hot tub overlooking the Coral Canyon Golf Course.
- Rooftop lounge with incredible views.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,144
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$922,880
$922.9K
Cap Rate 7%
$659,200
$659.2K
Cap Rate 9%
$512,711
$512.7K
Market Conditions
NOI Build-Up for 4,153 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$87.2K $21.00/SF
− Vacancy
−$3.3K −$0.80/SF
EGI
$83.9K $20.20/SF
− OpEx
−$37.8K −$9.09/SF
NOI
$46.1K $11.11/SF
Area
Washington County, UT
Vacancy
3.80%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$922,880
Cap Rate 7%
$659,200
Cap Rate 9%
$512,711
Alternative Uses
Best Use
Apartment 5plus
$659.2K
$576.8K – $769.1K
NOI $46,144 @ 7.0% cap · market cap 2.80%
Second Best
Hotel Hospitality
$456.5K
$399.5K – $532.6K
NOI $31,957 @ 7.0% cap · market cap 1.94%
Theoretical Best
Specialty Retail
$1.14M
$1.00M – $1.33M
NOI $80,054 @ 7.0% cap · market cap 4.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 84780, UT
28,025
Population
12,922
Households
2.2
Avg Household Size
36
Median Age
35%
College-Educated
94%
High-School Grad
61.8 sq mi
ZIP Area
453
Density / Sq Mi
$94,103
Median Household Income
$42,098
Median Earnings
$1,581
Median Rent
$511,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hospitality property - Home with income potential overlooking Coral Canyon Golf Course.
Where is this hospitality property located?
The property is located at 2248 Double Eagle Ln Washington, UT.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Approved and functioning vacation rental with income potential.; Enjoy a private swimming pool and hot tub overlooking the Coral Canyon Golf Course.; Rooftop lounge with incredible views.
