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    1304 Main St Leeds, UT 84746

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    For Sale
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    8-Acre Estate, Turnkey Winery

    Property Features for 1304 Main St

    General Information

    Property type
    Vineyards
    Lot Size
    358,499 SF

    Building Details

    Year Built
    1997
    Buildings
    2

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    Listing Contact
    Jon Walter
    Jon Walter

    Listing Agent: Jon Walter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 8.23-acre property in Leeds, UT, presents a unique opportunity to acquire a fully operational, licensed winery. The 1997-built facility includes two buildings, a private tasting room, and a comfortable residence. The property boasts a private well and is situated at an ideal elevation and climate for grape cultivation, supporting up to 8,000 vines. Included in the sale is comprehensive training covering all aspects of winemaking, from vine cultivation and harvesting to bottling and labeling, with the capacity to produce up to 12,000 bottles annually. The property is zoned Multi-Com, Ag, and Res, offering versatility and potential for future development. The APN is 3182-A-4-B-HV. Located at 1304 N Main St, Leeds, UT 84746, this turnkey operation is ready for a new owner to continue its success in one of Utah's most scenic locations. This is a rare opportunity to own a thriving business and a beautiful residence in a desirable setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vineyards

    Map

    City
    Leeds
    County
    Washington
    State
    Utah
    Longitude
    -113.3302098
    Latitude
    37.2567413

    Nearby Similar for Sale

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      2,580 SF

      Operating Winery in Leeds, Utah

      Operating winery with tasting room, residence, and winemaking training.
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    • Contact for pricing

      Leeds, UT Business Opportunity

      Business opportunity in Leeds, UT with equipment and facilities.
      1304 N Main St, Leeds, UT 84746
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    FAQs

    What type of property is this?
    Vineyard - 8-Acre Estate, Turnkey Winery
    Where is this vineyard located?
    The property is located at 1304 Main St Leeds, UT.
    What are key features of this property?
    This property features: 8-acre licensed winery in Leeds, UT, ideal climate for 8,000 vines.; Includes private tasting room, private well, and comfortable residence.; Turnkey operation with training provided; capacity for 12,000 bottles annually.
    (435) 627-5719 Call to check price and availability
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    1304 Main St Leeds, UT 84746
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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
    1304 Main St Leeds, UT 84746
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jon Walter
    Jon Walter
    Real Estate License ID: 5640288-AB00
    (435) 627-5719 (435) 628-1609
    Learn more
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