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    6124 Hwy Lapoint, UT 84039

    For Sale
    $3,800,000

    200 Acres, $3.8M Asking Price

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 200-acre agricultural land parcel presents a unique investment opportunity in Uintah County, Utah. Located at 6124 E Highway 121, Vernal, UT 84039 (40.403763, -109.885107), this expansive property offers significant potential for various agricultural uses. The asking price is $3,800,000, translating to a land value of $0.44 per square foot. The property's size equates to approximately 8,712,000 square feet of developable land. Situated in Lapoint, within Uintah County, this location provides convenient access to essential resources and infrastructure. Detailed site surveys and environmental assessments are recommended to fully understand the property's potential and suitability for specific agricultural endeavors. Serious inquiries are encouraged to explore the possibilities of this substantial land holding. The property is classified as agricultural land and offers a rare opportunity to acquire a large, contiguous parcel in a desirable location. Further due diligence is advised to confirm zoning regulations and permitted uses. This is a remarkable opportunity for investors seeking a significant land acquisition in a growing area.

    Property Features for 6124 Hwy

    General Information

    Property type
    Farms
    Lot Size
    8,712,000 SF

    HighLights

    • $3,800,000 asking price.
    • 200‑acre parcel.
    • 8,712,000 square feet available.
    • Located at 6124 E Highway 121, Vernal, UT 84079.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lapoint
    County
    Uintah
    State
    Utah
    Longitude
    -109.885107
    Latitude
    40.403763

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    FAQs

    What type of property is this?
    Farm - 200 Acres, $3.8M Asking Price
    Where is this farm located?
    The property is located at 6124 Hwy Lapoint, UT.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: $3,800,000 asking price.; 200-acre parcel.; 8,712,000 square feet available.
    Request Owner's contact information
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    Realmo Value Estimation

    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

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    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.

    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
    6124 Hwy Lapoint, UT 84039
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