Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    State Rte 9 Scn Hurricane, UT 84737

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Ideal location for hospitality or tourism-related business in La Verkin.

    Type:Hospitality
    Property size:
    696,960 SF
    Lot size:
    16.00 Acres
    Added:
    Mar 7, 2023
    Days on Market:
    1140
    Last Refresh:
    Mar 17 at 1:24 pm

    Property Features for State Rte 9 Scn

    General Information

    Standard status
    Active
    Size
    696,960 SF
    Lot size
    16.00 Acres
    Property subtype
    Hospitality

    We can help!

    Listing Contact
    Shellee Haines

    Listing agent Shellee Haines License #Utah 5698026

    Listing office WHITE CROW REAL ESTATE

    Listing date Mar 7, 2023

    Source Crexi

    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 WHITE CROW REAL ESTATE

    Overview

    Prime Land in Hurricane Valley

    Located in the heart of Hurricane Valley along the Zion Corridor, this property is suitable for a variety of commercial uses. The site is ideal for a farmers market, hotel, motel, restaurant, or other tourism-related business. This prime lot presents an opportunity for new hospitality development in La Verkin. The property encompasses 696960 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hurricane
    County
    Washington
    State
    Utah
    Longitude
    -113.139
    Latitude
    37.2274

    Nearby Similar for Sale

    • $650,000
      13,068 SF

      Pecan Valley Resort Single-Family Lot

      Last single-family lot in Pecan Valley Resort, nightly rentals allowed.
      5149 W 2150 S, Hurricane, UT 84737
      View Details
    • $24,100,000
      2,428,034 SF

      High Exposure Retail Land Parcel

      55.74 acres of retail ground near new intersection.
      2900 W State St, Hurricane, UT 84737
      View Details
    • $189,000
      43,560 SF

      Southern Utah 1-Acre Lot

      One-acre lot with red rock views in Southern Utah.
      941 E SMITHSONIAN Way, Hurricane, UT 84737
      View Details
    • $399,000

      Hurricane, UT Land Opportunity

      0.86-acre lot zoned for casita, rental income potential.
      793 S 920 W, Hurricane, UT 84737
      View Details
    • $402,499

      Sand Hollow Resort Homesite

      0.44-acre homesite in a premier golf course community.
      LOT 40 Sand Hollow Resort, Hurricane, UT 84737
      View Details
    • $438,650

      Homesite in Sand Hollow Resort

      Expansive homesite in a premier golf course community.
      Lot 30 Sand Hollow Resort, Hurricane, UT 84737
      View Details
    • $380,715

      Homesite in Sand Hollow Resort

      Luxury homesite in premier golf course community.
      LOT 50 Sand Hollow Resort, Hurricane, UT 84737
      View Details
    • $304,920

      Sand Hollow Resort Homesite

      Spacious homesite in premier golf community near recreation.
      LOT 80 Sand Hollow Resort, Hurricane, UT 84737
      View Details
    • $1,300,000
      5,000 SF

      Versatile Industrial Property with Income

      Well-maintained commercial property with income potential and excellent location.
      799 S 5260 W, Hurricane, UT 84737
      View Details
    • $179,900
      9,675 SF

      Ready-to-Build Lot, No HOA

      Residential lot in Hurricane, UT, ready for construction.
      1840 W 350 N, Hurricane, UT 84737
      View Details
    • $2,600,000
      6,496 SF

      Luxury Vacation Rental Building

      Four-unit building near Zion National Park and Sand Hollow Reservoir.
      306 E 500 N unit: 20, Hurricane, UT 84737
      View Details
    • $159,000
      4,752 SF

      Vacation Rental Approved Lots

      Two lots in premier community near Sand Hollow.
      Hampshire Rd, Hurricane, UT 84737
      View Details

    FAQs

    What type of property is this?
    Commercial land - Ideal location for hospitality or tourism-related business in La Verkin.
    Where is this commercial land located?
    The property is located at State Rte 9 Scn Hurricane, UT.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: Prime location in the heart of Hurricane Valley.; Situated along the Zion Corridor.; Ideal for tourism‑related businesses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Shellee Haines
    Real Estate License ID: Utah 5698026
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!