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    3550 Sheep Ln Erda, UT 84074

    For Sale
    $14,263,722

    65 Acres, Utah Industrial Land, $5/SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 65.49-acre industrial land parcel presents a compelling investment opportunity in Erda, Utah. Strategically located at 3550 S Sheep Ln, 84074, this property boasts two distinct parcels: a 60.32-acre section zoned C-T and a 5.17-acre section zoned Municipal. The asking price is $14,263,722, translating to a land value of $5 per square foot. The property's prime location offers significant advantages, including proximity to major transportation arteries. It's situated less than 10 minutes from Interstate 80 and within a 30-minute drive of Salt Lake City International Airport. Furthermore, its adjacency to the Utah Motorsports Campus provides unique potential for synergistic development. The property's zoning allows for a wide range of industrial uses, and there's potential for the development of a Union Pacific rail spur, enhancing logistical capabilities. This expansive land parcel offers significant development potential for businesses seeking a strategic location with excellent access to transportation and infrastructure. The APNs for the parcels are 01-128-0-0008 and 01-129-0-0003. This is a rare opportunity to acquire a large, well-located industrial land parcel in a rapidly growing area of Utah. Tooele County location provides access to a skilled workforce and a supportive business environment.

    Property Features for 3550 Sheep Ln

    General Information

    Property type
    Land
    Lot Size
    2,852,744 SF

    HighLights

    • 60.32‑acre parcel, APN 01‑128‑0‑0008, zoned C‑T.
    • 5.17‑acre parcel, APN 01‑129‑0‑0003, zoned Municipal.
    • Adjacent to Utah Motorsports Campus.
    • Convenient access to I‑80 (under 10 minutes) and Salt Lake City International Airport (under 30 minutes).
    • Potential Union Pacific rail spur access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Erda
    County
    Tooele
    State
    Utah
    Longitude
    -112.3691975
    Latitude
    40.5933727

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    FAQs

    What type of property is this?
    Land - 65 Acres, Utah Industrial Land, $5/SF
    Where is this land located?
    The property is located at 3550 Sheep Ln Erda, UT.
    What is the asking price?
    The asking price for this property is $14,263,722.
    What are key features of this property?
    This property features: 60.32-acre parcel, APN 01-128-0-0008, zoned C-T.; 5.17-acre parcel, APN 01-129-0-0003, zoned Municipal.; Adjacent to Utah Motorsports Campus.
    Request Owner's contact information
    3550 Sheep Ln Erda, UT 84074
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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

    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.

    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
    3550 Sheep Ln Erda, UT 84074
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