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    Creekside Agricultural Land Parcel Title is generated by Realmo AI

    8478 Highway 83, Corinne, UT 84307

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    Claim this Listing
    For Sale
    $250,000

    Agricultural parcel with year-round creek frontage and a water tap currently available for future development planning.

    Type:Land / Agriculture
    Property size:
    248,292 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $1.01/SF
    Added:
    Jan 1, 2026
    Days on Market:
    156
    Last Refresh:
    Jun 6 at 2:44 am

    Property Features for 8478 Highway 83

    General Information

    Standard status
    Active
    Size
    248,292 SF
    Lot size
    5.00 Acres
    Property subtype
    Land / Agriculture

    We can help!

    Listing Contact
    Angela Kimball

    Listing agent Angela Kimball License #8884172

    Listing office Equity Real Estate (Select)

    Listing date Jan 1, 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 Equity Real Estate (Select)

    HighLights

    • Rare 5‑acre parcel in Corinne (Box Elder County) with year‑round Sulphur Creek bordering the property
    • Water tap is available through West Corinne Water Company (last tap approved for the unforeseeable future)
    • Zoned agricultural and currently in Greenbelt status
    • Mountain views with a rural setting

    Overview

    This offering is a creekside agricultural land parcel of approximately five acres, currently zoned agricultural and in Greenbelt status. The property borders year-round Sulphur Creek, providing a natural, water-adjacent setting. A water tap is available, and the seller notes it is the last tap to be approved by West Corinne Water Company for the unforeseeable future.

    Located in Corinne, Box Elder County, the land is addressed at 8478 Highway 83. The combination of creek frontage and rural surroundings supports a low-impact ownership experience while remaining tied to direct highway frontage for straightforward access.

    For buyers seeking agricultural land with usable water service available and established creek adjacency, this parcel offers a practical fit. The Greenbelt status and agricultural zoning are key considerations for how the property may be used and developed, so potential buyers should review applicable restrictions and allowable uses. Given the seller’s stated water-tap limitation and the rarity of creekside acreage, this property is best suited for buyers who want to plan around the existing entitlement and site features.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Corinne
    County
    Box Elder
    State
    Utah
    Longitude
    -112.220488
    Latitude
    41.573851

    Nearby Similar for Sale

    • $250,000

      Serene Corinne Land Parcel

      Rare 5-acre agricultural land with year-round Sulphur Creek.
      8478 W HIGHWAY 83 W, Corinne, UT 84307
      View Details
    • $850,000

      Corinne, Utah Industrial Land Parcel

      4.13-acre industrial land parcel in growing Corinne, Utah.
      2880 N Mule Ranch Rd, Corinne, UT
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Agricultural parcel with year-round creek frontage and a water tap currently available for future development planning.
    Where is this agricultural land / farmland located?
    The property is located at 8478 Highway 83 Corinne, UT.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Rare 5‑acre parcel in Corinne (Box Elder County) with year‑round Sulphur Creek bordering the property; Water tap is available through West Corinne Water Company (last tap approved for the unforeseeable future); Zoned agricultural and currently in Greenbelt status
    (801) 589-5800
    We can help!
    Listing Contact
    Angela Kimball
    Real Estate License ID: 8884172
    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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