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    Industrial Development Land with Road Frontage Title is generated by Realmo AI

    325 West 2700th Street South, Richfield, UT 84701

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    Claim this Listing
    New
    For Sale
    $600,000

    About 19 acres with asphalt and gravel frontage, currently pasture, near the Richfield Manufacturing District.

    Type:Land / Agriculture
    Property size:
    836,787 SF
    Lot size:
    19.21 Acres
    Price / SF:
    $0.72/SF
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:38 am

    Property Features for 325 West 2700th Street South

    General Information

    Standard status
    Active
    Size
    836,787 SF
    Lot size
    19.21 Acres
    Property subtype
    Land / Agriculture

    We can help!

    Listing Contact
    Kacey Nielson

    Listing agent Kacey Nielson License #11058897

    Listing office Coldwell Banker Preferred Properties

    Listing date Jun 3, 2026

    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 Coldwell Banker Preferred Properties

    HighLights

    • 19.21‑acre property south of Richfield, bordering the Richfield Manufacturing District
    • Asphalt road frontage on the west side and gravel road frontage on the north side
    • Currently used as productive pasture ground
    • Situated in Sevier County jurisdiction; annexation into Richfield City requires Richfield City approval
    • Convenient access to Richfield amenities, Highway 89, and Interstate 70

    Overview

    This offering is approximately 19 acres of land currently utilized as productive pasture ground. The property includes road frontage on two sides: asphalt along the west side and gravel along the north side, providing practical access options for planning and site layout.

    The parcel is located just south of Richfield and borders the Richfield Manufacturing District. It lies within Sevier County jurisdiction, and annexation into Richfield City would require approval by Richfield City. Access is described as convenient to Richfield amenities, Highway 89, and Interstate 70.

    For buyers and developers, the combination of acreage and multi-surface frontage can support future manufacturing or commercial development considerations, subject to applicable approvals and planning requirements. The current pasture use may also appeal to operators seeking land with an established, working baseline while evaluating longer-term development timelines. The site is presented as a fit for investors, developers, or businesses looking for expansion-oriented acreage in Central Utah, with the added planning consideration of potential annexation.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Sevier
    State
    Utah
    Longitude
    -111.729
    Latitude
    38.7083

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - About 19 acres with asphalt and gravel frontage, currently pasture, near the Richfield Manufacturing District.
    Where is this agricultural land / farmland located?
    The property is located at 325 West 2700th Street South Richfield, UT.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: 19.21‑acre property south of Richfield, bordering the Richfield Manufacturing District; Asphalt road frontage on the west side and gravel road frontage on the north side; Currently used as productive pasture ground
    (435) 893-5477
    We can help!
    Listing Contact
    Kacey Nielson
    Real Estate License ID: 11058897
    Learn More
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    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.

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    325 West 2700th Street South, Richfield, UT 84701
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