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    Agricultural Land Parcel with Creek Title is generated by Realmo AI

    Coalville, UT 84017, Coalville, UT 84017

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    For Sale
    $219,000

    LAND - Coalville, UT

    Lot size:
    24.12 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultural
    Standard status
    Active
    APN
    NS-1089-B-2
    Lot size
    24.12 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1038

    Utilities

    Sewer type
    Septic Tank

    We can help!

    Listing Contact
    Aaron Dekeyzer

    Listing agent Aaron Dekeyzer

    Listing office Equity Real Estate (Advantage) 1218 E 7800 S 150, Sandy, UT

    Listing date Jun 4, 2026

    MLS# 2162777 Listing URL

    Copyright © 2026 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 24‑acre Lot No. 18 in Grasscreek Ranches for building an eco‑cabin or off‑grid getaway
    • Grass Creek runs through the north side of the property
    • Utilities not on‑site; nearby properties reportedly installed wells (perc test attached), solar power, and septic systems
    • Septic tank noted as sewer type
    • Winter snowmobile access; secluded mountain setting about 1 hour from Salt Lake City
    • Adjacent to Ercanbrack Ranch (2,161 acres) protected by Summit Land Conservancy, plus neighboring ranch land over 800 acres

    Overview

    Offered for sale is Lot No. 18, an approximately 24.12-acre parcel in the Grasscreek Ranches, zoned Agricultural. The property includes Grass Creek running through the north side of the land, providing a natural boundary feature. While utilities are not on-site, the seller notes that neighboring properties have successfully installed wells (a perc test is attached), along with solar power and septic systems, supporting off-grid or self-sufficient planning. The parcel is also described as suitable for parking a trailer and hosting gatherings.

    Grasscreek Ranches is adjacent to Ercanbrack Ranch, a 2,161-acre parcel protected by the Summit Land Conservancy, and it is also adjacent to over 800 acres of ranch land. The listing further describes winter snowmobile access and a mountainous setting with views from the property’s comparative height. Buyer to verify parcel boundaries, as parcel outlines are for illustrative purposes only.

    This land offering may be a fit for buyers seeking an agricultural-use setting with creek frontage and the ability to develop a personal retreat. With no utilities currently on-site, prospective buyers should plan for well, septic, and power arrangements similar to those referenced for nearby properties. The agricultural zoning and rural adjacency to protected land may appeal to owners prioritizing privacy and long-term open space character.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alt. Energy / Solar ...

    Map

    City
    Coalville
    County
    Summit
    State
    Utah
    Longitude
    -111.212
    Latitude
    40.9431

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Agricultural-zoned land with Grass Creek along the north side, offering a secluded setting for personal off-grid building plans.
    Where is this agricultural land / farmland located?
    The property is located at Coalville, UT.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: 24‑acre Lot No. 18 in Grasscreek Ranches for building an eco‑cabin or off‑grid getaway; Grass Creek runs through the north side of the property; Utilities not on‑site; nearby properties reportedly installed wells (perc test attached), solar power, and septic systems
    (801) 300-3059
    We can help!
    Listing Contact
    Aaron Dekeyzer
    Request Owner's contact information
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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.

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