Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land with Mountain Views Title is generated by Realmo AI

    998 E TOMAHAWK Dr, Washington, UT 84780

    View on Map
    Claim this Listing
    For Sale
    $425,000

    LAND - Washington, UT

    Property size:
    21,718 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $19/SF
    Added:
    Jan 18, 2023
    Days on Market:
    1228
    Last Refresh:
    May 30 at 11:06 pm

    Property Features for 998 E TOMAHAWK Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RESIDENTIAL
    Standard status
    Active
    APN
    W-IKS-5-513
    Size
    21,718 SF
    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    TAMMY WARMSLEY
    TAMMY WARMSLEY

    Listing agent TAMMY WARMSLEY

    Listing office CENTURY 21 EVEREST ST GEORGE 162 N 400 E Bldg C Ste 201, St. George, UT

    Listing date Jan 18, 2023

    MLS# 23-238225 Listing URL

    Copyright © 2026 Washington County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Incredible mountain views and city lights.
    • Large 0.5 acre building lot.
    • Pad ready to build; bring your own builder.
    • Located in the prestigious Indian Knolls development; only 4 lots left.
    • Minutes to town, schools, parks and shopping.
    • Low utility costs with Dixie Power; all engineering finished with great soils.

    Overview

    This 0.5-acre residential lot is located in the Indian Knolls development in Washington, UT. The property offers mountain views and city lights. It is situated in the last phase of the development, with only four lots remaining. The graded, pad-ready lot is ready for building. The property is located above Washington Fields, with convenient access to town, schools, parks, and shopping. The high-end custom home subdivision benefits from low utility costs through Dixie Power. All engineering is finished, and the soils are suitable for construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Washington
    County
    Washington
    State
    Utah
    Longitude
    -113.492603
    Latitude
    37.114304

    Nearby Similar for Sale

    • $315,000
      9,228 SF

      Steeplechase Subdivision Land Opportunity

      Premium, build-ready lot in Washington Fields with no HOA fees.
      422 E Saddleback Rd, Washington, UT 84780
      View Details
    • $799,995
      13,068 SF

      Land with Red Cliffs Views

      Rare building lot with unobstructed views in Washington, Utah.
      696 Scenario St, Washington, UT 84780
      View Details
    • $249,900
      10,019 SF

      Washington Benches Quarter-Acre Lot

      Pad-ready quarter-acre lot in Washington Benches with surrounding views.
      737 E Red Sands Dr, Washington, UT 84780
      View Details
    • $2,200,000
      5,244 SF

      Commercial Land Near Retail Hub

      2.01 acres of commercial land in Washington, Utah.
      411 W Telegraph St, Washington, UT 84780
      View Details
    • $1,145,000
      4,588 SF

      Turn-Key Fourplex Investment Opportunity

      Fourplex in Washington, UT with strong rental demand.
      620 W EVANS RIDGE Cir, Washington, UT 84780
      View Details
    • $497,000
      24,393 SF

      Luxury Lot in Temple View

      Spacious lot with potential for rezoning and custom build.
      362 W 3650 S, Washington, UT 84780
      View Details
    • $925,000
      110,642 SF

      2.5 Acre Washington Fields Land

      2.5 acres in Washington Fields with development potential.
      980 E 3650 S, Washington, UT 84780
      View Details
    • $549,900
      16,552 SF

      Westgate Hills Pad-Ready Lot

      0.38-acre pad-ready lot in a gated community.
      116 N Westgate Hills Dr, Washington, UT 84780
      View Details
    • $335,000
      13,808 SF

      Homesite in Exclusive Washington Subdivision

      Premium lot for custom home with red rock views.
      Mustang Pass, Washington, UT 84780
      View Details
    • $274,300
      11,326 SF

      Buildable Lot with Mountain Views

      Premium lot in Washington, UT with privacy and views.
      1362 E Silver Shadows Dr, Washington, UT 84780
      View Details
    • $378,000
      13,732 SF

      Residential Land in Gated Community

      Homesite in Solente with club amenities and red rock views.
      Solente Phase 1B, Washington, UT 84780
      View Details
    • $1,690,000
      9,583 SF

      Residential Land in Washington, UT

      Residential land with surf park and waterfront living amenities.
      5374 S Surf Rider, Washington, UT 84780
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.5 acre view lot in Indian Knolls development.
    Where is this residential land & home lot located?
    The property is located at 998 E TOMAHAWK Dr Washington, UT.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Incredible mountain views and city lights.; Large 0.5 acre building lot.; Pad ready to build; bring your own builder.
    (435) 625-1622
    We can help!
    Listing Contact
    TAMMY WARMSLEY
    TAMMY WARMSLEY
    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

    Thank You for Inquiry
    998 E TOMAHAWK Dr, Washington, UT 84780
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!