Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    500 E SAND CANYON Rd, Monroe, UT 84754

    View on Map
    Claim this Listing
    For Sale
    $169,500

    LAND - Monroe, UT

    Lot size:
    10.31 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    45
    Last Refresh:
    May 15 at 6:06 am

    Property Features for 500 E SAND CANYON Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single-Family
    Standard status
    Active
    APN
    1-M3A-92
    Lot size
    10.31 Acres

    Taxes and HOA fees

    Tax Annual Amount
    409

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Michael S Shaver

    Listing agent Michael S Shaver

    Listing office Green Valley Brokers 125 N Main Street, Monroe, UT

    Listing date Apr 1, 2026

    MLS# 2148315 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.

    HighLights

    • 10‑acre lot within city limits
    • Enjoy 360‑degree views of the mountains and valley
    • Walking distance from trails
    • Culinary water access
    • Close to schools
    • Great option for a horse property
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Sevier
    State
    Utah
    Longitude
    -112.1097744
    Latitude
    38.6296616

    Nearby Similar for Sale

    • $398,000
      3,636 SF

      Iconic Property in Monroe, Utah

      Versatile property with endless potential on Monroe's Main Street.
      310 N Main St, Monroe, UT 84754
      View Details
    • $359,900

      Monroe Land Parcel For Sale

      8.5-acre parcel with flexible zoning and utilities nearby.
      650 E 300 N, Monroe, UT 84754
      View Details
    • $885,900

      Victorian Wedding Venue in Monroe

      Historic property perfect for events, retreat, or income generation.
      390 N 100 W, Monroe, UT 84754
      View Details
    • $138,500
      87,120 SF

      Land Near Monroe Mountain

      Two acres of flat land near Monroe Mountain in Utah.
      Approx. 2115 Brooklyn Road, Monroe, UT 84754
      View Details
    • $138,500
      87,120 SF

      Land Near Monroe Mountain

      Two acres of flat land perfect for building your dream home.
      Approx. 2115 Brooklyn Rd., Monroe, UT 84754
      View Details
    • $949,950

      Monroe Valley Farmland Opportunity

      40 acres of prime farmland with irrigation water shares.
      800 N 500 W, Monroe, UT 84754
      View Details
    • $999,999

      Monroe, Utah Farmland with Pond

      198 acres with pond and outbuildings, ideal for farming.
      Monroe Mountain Rd, Monroe, UT 84754
      View Details
    • $499,500

      Prime Farmland in Monroe Valley

      20 acres of farmland with irrigation water in Monroe, UT.
      800 N 500 W, Monroe, UT 84754
      View Details
    • $324,500

      Prime Farmland in Monroe Valley

      15 acres of farmland with irrigation water in Monroe, UT.
      800 N 500 W, Monroe, UT 84754
      View Details
    • $189,500

      Buildable Lot with Mountain Views

      5-acre farmland parcel with irrigation near town.
      800 N 500 W, Monroe, UT 84754
      View Details
    • $150,000

      Monroe, Utah Land Opportunity

      2 acres of flat land near Monroe Mountain, Utah.
      2115 BROOKLYN RD 2, Monroe, UT 84754
      View Details
    • $398,000
      3,636 SF

      Iconic Property in Monroe, Utah

      Versatile property with endless potential on Main Street in Monroe.
      310 N Main St, Monroe, UT 84754
      View Details

    FAQs

    Where is this residential land & home lot located?
    The property is located at 500 E SAND CANYON Rd Monroe, UT.
    What is the asking price?
    The asking price for this property is $169,500.
    What are key features of this property?
    This property features: 10‑acre lot within city limits; Enjoy 360‑degree views of the mountains and valley; Walking distance from trails
    (435) 893-1682
    We can help!
    Listing Contact
    Michael S Shaver
    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
    500 E SAND CANYON Rd, Monroe, UT 84754
    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!