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    950 1600 Springville, UT 84663

    Sponsored
    For Sale
    $10,000,000

    15.52 Acres, $10M, High Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15.52-acre parcel in Springville, Utah, presents a compelling investment opportunity for large-scale residential development. Located at 950 W 1600 S, Springville, UT 84663 (APN 26:054:0095), this property is zoned RMF-1, making it suitable for multi-family residential projects. The asking price is $10,000,000, translating to approximately $644,000 per acre. Its strategic location offers easy access to Interstate 15, providing convenient commutes to major urban centers. Furthermore, the property benefits from its proximity to local amenities and the anticipated improvements to the I-15 interchange and road widening project slated for completion by 2026, which will further enhance accessibility and desirability. The land is not subdividable. This significant acreage presents a rare chance to capitalize on the growing demand for housing in this thriving Utah County community. Serious inquiries only.

    Property Features for 950 1600

    General Information

    Property type
    Land
    Lot Size
    676,051 SF

    HighLights

    • 15.52‑acre land parcel in Springville, listed at $10,000,000.
    • Medium‑density residential zoning.
    • Excellent I‑15 access and proximity to major urban areas.
    • High development potential.
    • Improved accessibility anticipated by 2026 due to a new I‑15 interchange and road widening.
    • Non‑divisible parcel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    Utah
    State
    Utah
    Longitude
    -111.6266523759
    Latitude
    40.144767943612

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    FAQs

    What type of property is this?
    Land - 15.52 Acres, $10M, High Development Potential
    Where is this land located?
    The property is located at 950 1600 Springville, 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: 15.52-acre land parcel in Springville, listed at $10,000,000.; Medium-density residential zoning.; Excellent I-15 access and proximity to major urban areas.
    (801) 610-1300
    Request Owner's contact information
    950 1600 Springville, UT 84663
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    Springville, UT 84663
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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
    950 1600 Springville, UT 84663
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