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    7877 Us-89 Wellsville, UT 84339

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    7877 Us-89 Wellsville, UT 84339

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    • Hospitality properties
    • 86,136 SF
    • 23.12 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitality properties

    Property Details for 7877 Us-89

    Year built
    1975
    Lot size
    23.12 lot acres
    Property size
    86,136 SF
    Property type
    Hospitality properties
    Property subtype
    Hotels

    Description

    This exceptional 93-bed luxury hotel, nestled on 23.12 acres in the serene Wellsville Mountains of Cache County, Utah, presents a unique investment opportunity. Recently renovated in 2023, this two-building, three-story property boasts 86,136 square feet of space and offers a compelling value-add proposition. The property features a 10-room spa with sauna, an indoor pool and hot tub, a state-of-the-art fitness center, a spacious 20,000-square-foot conference area, and a full-service restaurant with a separate dining area. Outdoor amenities include a tennis court and horseshoe pits. An existing condo building with 42 deeded condos offers significant expansion potential for additional beds, depending on the chosen layout. The property is zoned PRD and enjoys convenient access to US-89, with Logan and Logan Regional Hospital just a short drive away. The proximity to Utah State University, known for its rehabilitation counseling program, provides access to a skilled workforce. The asking price is $10,000,000, with a pro-forma NOI of $9,913,017 and a pro-forma cap rate of 99.13%. The property's stunning mountain setting, coupled with its diverse amenities and strategic location, makes it an ideal investment for hospitality, assisted living, or rehabilitation services. The property's infrastructure supports the potential addition of 39 more condo units. This is a rare opportunity to acquire a fully renovated, high-amenity property in a desirable location with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wellsville
    County
    Cache
    State
    Utah
    Longitude
    -111.983
    Latitude
    41.5891

    Comparable in this City

    • Value Estimation by Request

      Wellsville, UT 84339

      CENTRALLY ASSESSED
      Wellsville, UT 84339
      View Details
    • Value Estimation by Request

      Wellsville, UT 84339

      CENTRALLY ASSESSED
      Wellsville, UT 84339
      View Details
    • Value Estimation by Request

      Wellsville, UT 84339

      CENTRALLY ASSESSED
      Wellsville, UT 84339
      View Details
    • Value Estimation by Request

      Wellsville, UT 84339

      CENTRALLY ASSESSED
      Wellsville, UT 84339
      View Details
    • Value Estimation by Request

      Wellsville, UT 84339

      CENTRALLY ASSESSED
      Wellsville, UT 84339
      View Details
    • Value Estimation by Request

      Wellsville, UT 84339

      CENTRALLY ASSESSED
      Wellsville, UT 84339
      View Details

    Similar Nearby for Sale

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      Wellsville Land Parcel For Sale

      Land parcel available in Wellsville, Utah.
      2815 W 5700 S 2, Wellsville, UT 84339
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      Residential Land Development Opportunity

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    Wellsville, UT 84339
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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
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