Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Development Land Parcel Title is generated by Realmo AI

    500 West 1300 South, Richfield, UT 84701

    View on Map
    Claim this Listing
    For Sale
    $1,450,000

    Commercial land in Richfield with direct frontage on 1300 South between Home Depot and Walmart.

    Type:Land / Commercial
    Property size:
    313,632 SF
    Lot size:
    7.20 Acres
    Price / SF:
    $4/SF
    Added:
    Oct 13, 2025
    Days on Market:
    238
    Last Refresh:
    Jun 6 at 5:54 am

    Property Features for 500 West 1300 South

    General Information

    Standard status
    Active
    Size
    313,632 SF
    Lot size
    7.20 Acres
    Property subtype
    Land / Commercial

    We can help!

    Listing Contact
    Donavan Allen

    Listing agent Donavan Allen License #11815190

    Listing office ERA Brokers Consolidated (Richfield Branch)

    Listing date Oct 13, 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 ERA Brokers Consolidated (Richfield Branch)

    HighLights

    • 7.2‑acre commercial development parcel in Richfield City limits with direct frontage on 1300 South between Home Depot and Walmart
    • Direct access off the I‑70 interchange on South Richfield for traffic from interstate and local consumer flow
    • Positioned along Richfield’s main retail corridor near national retailers and hospitality including Costa Vida, Wendy’s, KFC/Taco Bell, and multiple hotels
    • Nearby amenities include Richfield City Municipal Airport and Cove View Golf Course
    • Brand‑new bike and walking path runs along the full length of the property
    • Commercial infill site suitable for power center, large shopping center, strip malls, entertainment or mixed‑use, and automotive or hospitality development

    Overview

    A commercial development land parcel in Richfield City limits, offered as a large contiguous site suitable for a range of commercial projects. The property includes frontage along 1300 South and is served by a brand-new bike and walking path running along the full length of the parcel, supporting pedestrian connectivity for retail and mixed-use concepts.

    The site is positioned directly on busy 1300 South between Home Depot and Walmart and provides direct access off the South Richfield I-70 interchange. Surrounding retailers and services include Costa Vida, Wendy’s, KFC/Taco Bell, Winger’s, Tesla Supercharger, U-Haul, Les Schwab Tire, Tractor Supply Company, Tagg-N-Go Car Wash, Burger King, McDonald’s, Pizza Hut, Big 5 Sporting Goods, Ace Hardware, and multiple national-brand hotels. The property is also minutes from Richfield City Municipal Airport and Cove View Golf Course.

    Given its size, frontage, and interstate interchange access, the parcel may be well-suited for development that benefits from high visibility and convenient drive access, including a power center or large shopping center, multiple strip malls, entertainment or mixed-use development, automotive dealership or service uses, restaurant clusters with pad sites, and hospitality or destination retail.
    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

    Nearby Similar for Sale

    • $900,000
      7,450 SF

      Commercial Building with Auto Shop

      Income-producing property with auto shop and three tenants near I-70.
      1075 S 75 E, Richfield, UT 84701
      View Details
    • $435,000
      2,400 SF

      Richfield Commercial Property with Shop

      Commercial property with shop and storage yard in Richfield, UT.
      342 N 500 E, Richfield, UT 84701
      View Details
    • $999,800
      5,142 SF

      Richfield Twin Home: Income Potential

      Twin home in Richfield, suitable for rental or residence.
      973 & 977 W 1080 S, Richfield, UT 84701
      View Details
    • $378,000

      Richfield Land with Water Shares

      6.11 acres with water shares and utilities in Richfield.
      2890 N 2330 E, Richfield, UT 84701
      View Details
    • $2,670,000
      13,800 SF

      Richfield Multifamily Investment Opportunity

      Fully occupied 12-unit apartment complex near Snow College.
      819 W 50 N, Richfield, UT 84701
      View Details
    • $499,000
      376,794 SF

      Richfield Land with Development Potential

      Rare acreage near Richfield, offering accessibility and long-term upside.
      Parcel #4-241-82, Richfield, UT 84701
      View Details
    • $299,500
      1,450 SF

      Remodeled Commercial Space on Main

      Versatile commercial space on Main Street, Richfield. High visibility.
      465 N MAIN St, Richfield, UT 84701
      View Details
    • $2,850,000
      13,800 SF

      Richfield Multifamily Investment Opportunity

      Fully occupied 12-unit apartment complex near Snow College.
      797 W 50 N, Richfield, UT 84701
      View Details
    • $474,900

      Main Street Commercial Property

      Two buildings on Main Street suitable for multiple businesses.
      203 S MAIN ST, Richfield, UT 84701
      View Details
    • $435,000

      Richfield Commercial Land for Sale

      Commercial land available for retail, restaurant, hotel, or office development.
      1350 Technology Dr, Richfield, UT 84701
      View Details
    • $1,599,000
      7,000 SF

      Main Street Restaurant Opportunity

      High-visibility restaurant space on Main Street ready for new venture.
      298 N MAIN ST, Richfield, UT 84701
      View Details
    • $600,000
      836,787 SF

      Industrial Development Land with Road Frontage

      About 19 acres with asphalt and gravel frontage, currently pasture, near the Richfield Manufacturing District.
      325 West 2700th Street South, Richfield, UT 84701
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in Richfield with direct frontage on 1300 South between Home Depot and Walmart.
    Where is this commercial land located?
    The property is located at 500 West 1300 South Richfield, UT.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 7.2‑acre commercial development parcel in Richfield City limits with direct frontage on 1300 South between Home Depot and Walmart; Direct access off the I‑70 interchange on South Richfield for traffic from interstate and local consumer flow; Positioned along Richfield’s main retail corridor near national retailers and hospitality including Costa Vida, Wendy’s, KFC/Taco Bell, and multiple hotels
    (435) 893-1289
    We can help!
    Listing Contact
    Donavan Allen
    Real Estate License ID: 11815190
    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 West 1300 South, Richfield, UT 84701
    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!