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    Castle Valley Equestrian Dream Land Title is generated by Realmo AI

    9 CHAMISA Ln, Castle Valley, UT 84532

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    Claim this Listing
    For Sale
    $517,000

    LAND - Castle Valley, UT

    Property size:
    600 SF
    Lot size:
    5.02 Acres
    Price / SF:
    $861/SF
    Added:
    Jul 17, 2025
    Days on Market:
    308
    Last Refresh:
    May 20 at 11:06 pm

    Property Features for 9 CHAMISA Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single-Family, Agricultur
    Exterior features
    Out Buildings
    Standard status
    Active
    APN
    09-0000-0009
    Size
    600 SF
    Lot size
    5.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2898

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Rachel Moody
    Rachel Moody

    Listing agent Rachel Moody License #5726694

    Listing office KW Success Keller Williams Realty 1572 N Woodland Park Drive #500, south ogden, UT

    Listing date Jul 17, 2025

    MLS# 2099350 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

    • High‑producing well (55 GPM) with 3 HP pump
    • 5‑acre parcel featuring ~3 acres of Buffalo Brand Equestrian Mix pasture, fenced for horses
    • Includes a 600 sq ft tiny home with fiber optic cable and Trex deck
    • Fully fenced property with wildlife fencing on 3 sides
    • Over 1,000 linear feet of mature privacy tree line with engineered irrigation
    • Easy access to town amenities (library, town hall, fire department)

    Overview

    This 5.02-acre parcel in Castle Valley, UT, is suited for a homestead venture. The property features nearly 3 acres of Buffalo Brand Equestrian Mix pasture, divided into two to three separate pastures, fenced and ready for horses. A high-producing well with a 3-horse power pump provides 55 gallons per minute of water. The full parcel is fenced, with three sides featuring wildlife fencing, and includes over 1,000 linear feet of mature privacy tree line with an engineered irrigation system for Ponderosa Pine, Juniper, Red Cedar, Ash, Locust, Big Sage, and other trees and shrubs. The northwest side of the property hosts 5 large Freemont Cottonwoods. The property is positioned with no historic sheet flooding or drainage on site. A 600 square foot tiny home is in place, equipped with fiber optic cable, a large Trex deck, mature Sycamore and Fruitless Mulberry trees, a lawn, and meadow grasses. The property is located near the town library, town hall, and fire department, with easy access from Castle Valley Drive. The land is surrounded by views.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Map

    City
    Castle Valley
    County
    Grand
    State
    Utah
    Longitude
    -109.256
    Latitude
    38.6903

    FAQs

    What type of property is this?
    Horse & equestrian property - 5-acre parcel with equestrian features and tiny home.
    Where is this horse & equestrian property located?
    The property is located at 9 CHAMISA Ln Castle Valley, UT.
    What is the asking price?
    The asking price for this property is $517,000.
    What are key features of this property?
    This property features: High‑producing well (55 GPM) with 3 HP pump; 5‑acre parcel featuring ~3 acres of Buffalo Brand Equestrian Mix pasture, fenced for horses; Includes a 600 sq ft tiny home with fiber optic cable and Trex deck
    (435) 260-8245
    We can help!
    Listing Contact
    Rachel Moody
    Rachel Moody
    Real Estate License ID: 5726694
    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.

    More about this property
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    9 CHAMISA Ln, Castle Valley, UT 84532
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