Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Buildable Land Near Park City Title is generated by Realmo AI

    240 West Simpson Lane, Kamas, UT 84036

    View on Map
    Claim this Listing
    For Sale
    $2,300,000

    Subdividable lot near Park City with multi-generational living potential.

    Type:Land
    Property size:
    1,037,599 SF
    Lot size:
    23.82 Acres
    Price / SF:
    $2/SF
    Added:
    Oct 29, 2025
    Days on Market:
    216
    Last Refresh:
    May 21 at 8:33 am

    Property Features for 240 West Simpson Lane

    General Information

    Standard status
    Active
    Size
    1,037,599 SF
    Lot size
    23.82 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    William Winstead

    Listing agent William Winstead License #5482837-AB00

    Listing office Christie's Int. RE VUE

    Listing date Oct 29, 2025

    Source Compass

    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 Christie's Int. RE VUE

    HighLights

    • Subdividable lot allows for two homes and two guest homes.
    • Minutes from Park City and Deer Valley ski areas.
    • Buildable, flat lot with existing electrical infrastructure and perk tested.
    • Close proximity to outdoor recreation.
    • Contiguous to deeded open space.
    • Green belt tax status with existing hay fields.

    Overview

    Located at 240 W Simpson Lane in Kamas, this flat, buildable lot presents an opportunity for development. The property can be subdivided into two lots, each accommodating a main home and a guest home, offering flexibility for multi-generational living or income potential. The site allows for the construction of a main home, guest house, barn, and outbuildings. Electrical infrastructure is already in place, and the property has been perk tested. Situated minutes from Old Town Park City, Deer Valley, and ski areas, the location provides access to mountain town living. Nearby High Star Ranch offers nearly 20 miles of trails, while the Uinta Mountains provide opportunities for snowshoeing, hunting, and fishing. The DeJoria Center offers live events and dining, and the Kamas Lagoons allow for wildlife observation. The property benefits from green belt tax status due to existing hay fields and is contiguous to deeded open space. The property size is 1037599 square feet.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Kamas
    County
    Summit
    State
    Utah
    Longitude
    -110.724
    Latitude
    40.8065

    Nearby Similar for Sale

    • $875,000
      1,785 SF

      Commercial Space: Blank Slate Opportunity

      Shell condition commercial space near Park City, build to suit.
      1056 W Wasatch Spring Road, Kamas, UT 84036
      View Details
    • $875,000
      1,560 SF

      Versatile Commercial Space Near Park City

      1,560 SF shell space suitable for various commercial uses.
      1036 W Wasatch Spring Road, Kamas, UT 84036
      View Details
    • $875,000

      Customizable Commercial Space Near Park City

      Shell condition commercial unit with maximum flexibility for customization.
      1066 W Wasatch Spring Road, Kamas, UT 84036
      View Details
    • $1,350,000
      3,089 SF

      Kamas Mixed-Use Gem For Sale

      Mixed-use property with commercial suite and residential apartment in Kamas.
      85 S Main Street, Kamas, UT 84036
      View Details
    • $2,350,000

      Victory Ranch Homesite with Deer Valley Views

      Premier 1.19-acre homesite in Victory Ranch with unobstructed views.
      7725 N Caddis Drive, Kamas, UT 84036
      View Details
    • $1,189,000

      Kamas Valley Commercial Land

      Six-acre commercial land near Deer Valley's East Village.
      No Situs, Kamas, UT 84036
      View Details
    • $1,100,000

      View Lot in Deer Vista

      Premier lot with mountain views and ARC-approved plans included.
      430 W VISTA RIDGE Rd, Kamas, UT 84036
      View Details
    • $380,000

      Creekside Lot in Kamas

      Buildable 0.24-acre lot with utilities and creek access.
      360 N 100 E, Kamas, UT 84036
      View Details
    • $1,795,000

      Victory Ranch Homesite with Views

      2.5-acre homesite in Victory Ranch with Deer Valley and Jordanelle views.
      6520 E MAYFLY Ct, Kamas, UT 84036
      View Details
    • $1,395,000

      Tuhaye Homesite with Talisker Membership

      Homesite in Tuhaye with Talisker Club membership and mountain views.
      1922 E DANCING SUN Dr N, Kamas, UT 84036
      View Details
    • $540,000

      Woodland Land with Water Feature

      1.9-acre parcel with water feature in a recreational area.
      6314 Stewart Ranch Rd, Kamas, UT 84036
      View Details
    • $2,300,000

      Kamas Land Subdivision Opportunity

      Buildable lot near Park City with subdivision potential.
      240 W Simpson Lane lot: 512, Kamas, UT 84036
      View Details

    FAQs

    What type of property is this?
    Land - Subdividable lot near Park City with multi-generational living potential.
    Where is this land located?
    The property is located at 240 West Simpson Lane Kamas, UT.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: Subdividable lot allows for two homes and two guest homes.; Minutes from Park City and Deer Valley ski areas.; Buildable, flat lot with existing electrical infrastructure and perk tested.
    (435) 640-1900
    We can help!
    Listing Contact
    William Winstead
    Real Estate License ID: 5482837-AB00
    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

    Thank You for Inquiry
    240 West Simpson Lane, Kamas, UT 84036
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!