Duplex with Detached RV
For Sale
$485,000
591-593 East Nichols Canyon Road Unit RV GARAGE, Cedar City, UT 84721
Commercially zoned duplex with private outdoor areas and one-car garages for each residence.
Property Size2,453 SF
Price / SF$197.72
Days on Market106
Property Features for 591-593 East Nichols Canyon Road Unit RV GARAGE
General Information
Standard status
Active
Size
2,453 SF
Property subtype
Residential / Duplex
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$1,997
Amenities
Natural Gas, Forced Air, Yes
Linoleum, Carpet
Asphalt Shingles
Building Details
Year Built
2007
Listing Agency:
ERA Realty Center
Listed By:
Jenny Vossler · License #5464894-SA00
(435) 559-1260
Source:
Compass
Added: Jul 5
Changed: Oct 15
Last Checked: Oct 16 at 11:00AM
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 Realty Center
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex at 591-593 East Nichols Canyon Road in Cedar City includes two residences, each measuring 1,226 SF with 3 bedrooms, 2 baths, a one-car garage, and an additional 180 SF covered carport or patio area. The property was built in 2007 on a .33-acre corner lot and includes fenced backyards, xeriscape landscaping, updated vinyl plank flooring in the kitchens, bathrooms, and laundry areas, and a refurbished roof.
A detached 20'x28' RV garage with power provides substantial enclosed storage space. The property is zoned Commercial and is occupied by long-term, month-to-month tenants. Its configuration includes separate residential units along with accessory garage and outdoor areas.
A detached 20'x28' RV garage with power provides substantial enclosed storage space. The property is zoned Commercial and is occupied by long-term, month-to-month tenants. Its configuration includes separate residential units along with accessory garage and outdoor areas.
Key Highlights
- Two‑unit duplex with 3 bedrooms, 2 baths, and 1,226 SF per unit
- Each unit includes a 1‑car garage and an additional 180 SF covered carport/patio area
- Detached 20'x28' RV garage with power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,748
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,960
$455.0K
Cap Rate 7%
$324,971
$325.0K
Cap Rate 9%
$252,756
$252.8K
Market Conditions
NOI Build-Up for 2,453 SF
Gross rent
$33.9K $13.80/SF
− Vacancy
−$1.4K −$0.55/SF
EGI
$32.5K $13.25/SF
− OpEx
−$9.7K −$3.97/SF
NOI
$22.7K $9.27/SF
Area
Iron County, UT
Vacancy
4.00%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,960
Cap Rate 7%
$324,971
Cap Rate 9%
$252,756
Alternative Uses
Best Use
Multifamily LT 5
$325.0K
$284.4K – $379.1K
NOI $22,748 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$289.2K
$253.1K – $337.5K
NOI $20,247 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$501.0K
$438.4K – $584.5K
NOI $35,068 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 84721, UT
27,329
Population
9,638
Households
2.8
Avg Household Size
29
Median Age
29%
College-Educated
92%
High-School Grad
186.9 sq mi
ZIP Area
146
Density / Sq Mi
$73,342
Median Household Income
$30,662
Median Earnings
$1,076
Median Rent
$345,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Commercially zoned duplex with private outdoor areas and one-car garages for each residence.
Where is this duplex located?
The property is located at 591-593 East Nichols Canyon Road Unit RV GARAGE Cedar City, UT.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑unit duplex with 3 bedrooms, 2 baths, and 1,226 SF per unit; Each unit includes a 1‑car garage and an additional 180 SF covered carport/patio area; Detached 20'x28' RV garage with power
