Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hwy 120 & County Rd Richfield, UT 84701

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Hwy 120 & County Rd Richfield, UT 84701

    View on Map
    • Retail properties & Spaces
    • 174,240 SF
    • 4.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Hwy 120 & County Rd

    Lot size
    4.00 lot acres
    Property size
    174,240 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 4-acre commercial land parcel in Richfield, Utah, presents a remarkable investment opportunity. Located at the intersection of Hwy 120 and County Rd, this strategically positioned property boasts a substantial 174,240 square feet of developable land, offering significant potential for retail development. The asking price is $840,000, translating to a land value of $4.82 per square foot. Existing infrastructure includes readily available electricity and sewer connections, as well as established street access, simplifying the development process and reducing upfront costs. The property's substantial size and prime location in the thriving community of Richfield, Sevier County, Utah (zip code 84701), make it ideal for a variety of retail ventures. This is a rare opportunity to acquire a large, well-situated parcel in a growing market, offering excellent returns for discerning investors. The property's coordinates are 38.79175 latitude and -112.082462 longitude. This is a turnkey opportunity for immediate development. Don't miss this chance to secure a prime piece of Richfield real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Sevier
    State
    Utah
    Longitude
    -112.082
    Latitude
    38.7918

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      800S Main St

      Land • 3.00 Acres
      800S Main St, Richfield, UT 84701
      View Details
    • Value Estimation by Request
      0.31 Acres

      677 800

      Farms • 0.31 Acres
      677 800, Richfield, UT 84701
      View Details
    • Value Estimation by Request
      3.14 Acres

      685 Annabella Rd

      Land • 3.14 Acres
      685 Annabella Rd, Richfield, UT 84701
      View Details
    • Value Estimation by Request
      0.04 Acres

      Richfield, UT 84701

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
      Richfield, UT 84701
      View Details
    • Value Estimation by Request
      0.16 Acres

      330 100th E

      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
      330 100th E, Richfield, UT 84701-2135
      View Details
    • Value Estimation by Request
      0.43 Acres

      260 400th W

      RETAIL STORES (PERSONAL SERVICES) • 0.43 Acres
      260 400th W, Richfield, UT 84701-2031
      View Details

    Similar Nearby for Sale

    • $435,000

      Richfield Commercial Land for Sale

      Commercial land available for retail, restaurant, hotel, or office development.
      1350 Technology Dr, Richfield, UT 84701
      View Details
    • $950,000
      7,450 SF

      Commercial Building with Auto Shop

      Income-producing property with auto shop and tenants near Walmart.
      1075 S 75 E, Richfield, UT 84701
      View Details
    • $474,900
      0.37 Acres

      Prime Richfield Retail Opportunity

      Two Buildings, Main Street Frontage
      203 Main St, Richfield, UT 84701
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      Hwy 120 & County Rd, Richfield, UT 84701
      View Details
    • Contact for pricing

      Land For Sale Richfield, UT

      Land available for purchase in Richfield, Utah.
      879 S 100 W, Richfield, UT 84701
      View Details
    • Contact for pricing
      7,450 SF

      Richfield Commercial Building with Auto Shop

      7,450 sq ft commercial building with income-producing tenants.
      1075 75 E, Richfield, UT 84701
      View Details

    Similar Nearby for Lease

    • $0.21 SF/Yr

      Retail and Restaurant Space Available

      Retail, dining, hospitality, and medical spaces for lease.
      1350 Technology Dr, Richfield, UT 84701
      View Details
    • Contact for pricing
      2,400 SF

      Turnkey Office Space Available

      Office space for rent in Walmart-anchored Richfield location.
      178 W 1500 S, Richfield, UT 84701
      View Details
    • Contact for pricing

      Richfield Land Lease Opportunity

      Land lease or build-to-suit opportunity in Richfield, Utah.
      740 S Main St, Richfield, UT 84701
      View Details
    • Contact for pricing

      Restaurant Space Near I-70

      Restaurant space for rent with high traffic and ample parking.
      1475 N Main St, Richfield, UT 84701
      View Details
    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.
    Hwy 120 & County Rd
    Richfield, UT 84701
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!