Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Tbd Dead End Rd Wales, UT 84623

    Sponsored
    For Sale
    $700,000

    1,402 acres of prime Utah hunting & recreation land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    405
    Own a piece of Utah's stunning landscape with this expansive 1,402-acre hunting and recreational ranch, located just southwest of Wales, Utah, in San Pete County (zip code 84623). Priced at $700,000 ($499/acre), this property boasts breathtaking mountaintop views, ranging in elevation from 6,100 to 7,930 feet. The terrain varies from rolling hills to steep ravines and flatter areas atop the mountain, offering diverse recreational opportunities. The property features a mix of juniper, deciduous trees, and sagebrush, providing excellent habitat for the area's abundant wildlife, including mule deer and elk. The ranch is ideally suited for rifle hunting. Access is provided via backcountry mountain roads suitable for 4x4 vehicles, UTVs, horses, snowmobiles, and other tracked vehicles. The property is bordered by BLM land to the east and west, with private land on the remaining sides. Currently, there are no improvements on the property, allowing the new owner complete freedom in development. Enjoy panoramic views of Big Baldy, Horse, and Big Mountains, as well as the Sanpete Valley and distant peaks including Haystack, Horseshoe, and Knob Mountains. Gunnison Reservoir is also visible from the property. The neighboring BLM land to the west is under a grazing permit, separate from this property. This is a rare opportunity to acquire a significant tract of land in a highly desirable location for hunting, recreation, and investment.

    Property Features for 0 Tbd Dead End Rd

    General Information

    Property type
    Farms
    Lot Size
    61,071,120 SF

    We can help!

    Listing Contact
    DUKE Kent D Boyington
    DUKE Kent D Boyington

    Learn more

    HighLights

    • 1,402‑acre recreational ranch in San Pete County, Utah, priced at $700,000 ($499/acre).
    • Predominantly juniper trees with a mix of deciduous trees and sagebrush.
    • Varied terrain including rolling hills, steep ravines, and flatter mountaintop areas.
    • Panoramic views of Big Baldy, Horse, and Big Mountains, the Sanpete Valley, and distant peaks including Haystack, Horseshoe, and Knob Mountains; Gunnison Reservoir also visible.
    • Adjacent to BLM land (west side under separate grazing permit).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wales
    County
    San Pete
    State
    Utah
    Longitude
    -111.63493899438
    Latitude
    39.476244910866

    Nearby Comparable

    • $179,000
      5.00 Acres

      Chester Industrial Land: 5 Acres

      Utah Industrial Lot - $179,000
      12585 4250, Wales, UT 84623
      View Details
    • $3,100,000

      Land For Sale in Chester

      Land available for purchase in Chester, Utah.
      5400 E 14250 N, Chester, UT
      View Details
    • $3,300,000
      10.00 Acres

      Prime Chester Mobile Home Park

      48 Units, 10 Acres, High ROI
      5400 14250, Wales, UT 84623
      View Details
    • $500,000
      160.00 Acres

      160 Acres Agricultural Land

      160 acres of agricultural land with creek in Wales, UT.
      Wales, UT 84667
      View Details
    • $1,700,000
      127.00 Acres

      Equestrian Ranch with Modern Amenities

      127-acre ranch ideal for equestrian, agricultural, or mixed-use operations.
      302 Resovoir Rd, Wales, UT 84667
      View Details
    • $52,000
      0.18 Acres

      Commercial Lot in Moroni, UT

      0.18-acre commercial lot in Moroni, Sanpete County.
      Moroni, UT 84646
      View Details
    • $268,120
      17.88 Acres

      Moroni Land with Water Shares

      17.9 acres with water shares, suitable for various uses.
      15450 N 600 E, Moroni, UT 84646
      View Details
    • $165,000
      8.85 Acres

      Farmland in Moroni with Water

      8.85 acres of farmland with water rights in Moroni.
      250 S Hwy 132 E, Moroni, UT 84646
      View Details
    • $2,672,880
      190.92 Acres

      Expansive Land with Panoramic Views

      Remarkable property with 360-degree views, ideal for development or farming.
      Moroni, UT 84646
      View Details
    • $180,000
      5.00 Acres

      Farmland with Pressurized Water Shares

      5 acres of farmland with pressurized water shares in Moroni.
      400 S Hwy 132 E, Moroni, UT 84646
      View Details
    • $4,000,000
      67.67 Acres

      US-89 Commercial Land - Utah

      67 Acres, Highway Frontage, Development Potential
      0 67.67 Acres Us-89, Spring City, UT 84647
      View Details

    Nearby Similar for Sale

    • $1,700,000
      127.00 Acres

      Equestrian Ranch with Modern Amenities

      127-acre ranch ideal for equestrian, agricultural, or mixed-use operations.
      302 Resovoir Rd, Wales, UT 84667
      View Details
    • $3,300,000
      10.00 Acres

      Prime Chester Mobile Home Park

      48 Units, 10 Acres, High ROI
      5400 14250, Wales, UT 84623
      View Details

    FAQs

    What type of property is this?
    Farm - 1,402 acres of prime Utah hunting & recreation land.
    Where is this farm located?
    The property is located at Tbd Dead End Rd Wales, UT.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 1,402-acre recreational ranch in San Pete County, Utah, priced at $700,000 ($499/acre).; Predominantly juniper trees with a mix of deciduous trees and sagebrush.; Varied terrain including rolling hills, steep ravines, and flatter mountaintop areas.
    Request Owner's contact information
    Tbd Dead End Rd Wales, UT 84623
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tbd Dead End Rd
    Wales, UT 84623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Tbd Dead End Rd Wales, UT 84623
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    DUKE Kent D Boyington
    DUKE Kent D Boyington
    Real Estate License ID: UTAH, IDAHO
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.