Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1060 Turf Farm Rd Payson, UT 84651
    Back to Search
    Property profile & analytics

    1060 Turf Farm Rd, Payson, UT 84651

    View on Map
    • Retail properties & Spaces
    • 74,487 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1060 Turf Farm Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 1060 Turf Farm Rd, Payson, UT 84651, presents a significant opportunity for a single-tenant user. The property encompasses a substantial 74,487 square feet of retail space, currently entirely vacant and ready for immediate occupancy. Situated in Utah County, this building offers unparalleled visibility and accessibility, making it ideal for a variety of retail businesses. The single-tenant configuration provides flexibility and control for the lessee. The property's size and location within Payson, Utah, offer a strong foundation for establishing a thriving retail operation. The address is easily accessible from major roadways, ensuring high traffic flow and excellent exposure to potential customers. With its expansive footprint and prime location, this property is poised to become a flagship location for the right business. The entire 74,487 square feet is available for lease, providing ample space for a large-scale retail operation or the potential for subdivision into smaller units (subject to approval). This is a rare opportunity to secure a significant retail presence in a growing Utah County market. Interested parties are encouraged to inquire for further details and leasing information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Utah
    State
    Utah
    Longitude
    -111.755
    Latitude
    40.0274

    Comparable in this City

    • Value Estimation by Request
      2.30 Acres

      1000

      Land
      0 1000, Payson, UT 84651
      View Details
    • Value Estimation by Request
      1,500 SF

      911 Turf Farm Rd

      Retail properties & Spaces
      911 Turf Farm Rd, Payson, UT 84651
      View Details
    • Value Estimation by Request

      100 600

      Land
      100 600, Payson, UT 84651
      View Details
    • Value Estimation by Request
      0.68 Acres

      1060 Turf Farm Rd

      Land
      1060 Turf Farm Rd, Payson, UT 84651
      View Details
    • Value Estimation by Request
      7.52 Acres

      2297 State St

      Land
      2297 State St, Santaquin, UT 84651
      View Details
    • Value Estimation by Request
      2.00 Acres

      132 American Way

      Land
      132 American Way, Payson, UT 84651
      View Details

    Similar Nearby for Sale

    • $2,200,000
      0.49 Acres

      Payson Retail Investment Opportunity

      High-Yield Retail Property, Payson, UT
      869 Turf Farm Rd, Payson, UT 84651
      View Details
    • Contact for pricing

      Land For Sale Payson

      Land available for sale in Payson, Utah.
      132 S American Way, Payson, UT 84651
      View Details
    • $3,030,300

      Land For Sale in Payson

      Land available in Payson, Utah.
      5402 W 10400 S, Payson, UT 84651
      View Details
    • $850,000
      5.25 Acres

      Payson Land: Development Potential

      5.25 acres of land ideal for development or farming.
      9022 S 4400 W, Payson, UT 84651
      View Details
    • $245,000
      0.26 Acres

      Payson, UT - Improved Lot

      Prime 0.26-acre lot in Payson with mountain views.
      426 S Goosenest Dr, Payson, UT 84651
      View Details
    • $325,000
      0.35 Acres

      Elk Ridge Residential Land

      0.345-acre lot in Elk Ridge with mountain views.
      197 W Olympic Ln, Elk Ridge, UT 84651
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,511 SF

      Retail Space with High Traffic

      Retail space with high-traffic co-tenancy and a long-term lease.
      791 S 930 W, Payson, UT 84651
      View Details
    • Contact for pricing

      Retail Land I-15 Access

      Retail land for ground lease or build-to-suit with I-15 access.
      1000 Turf Farm Rd, Payson, UT 84651
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Walmart

      Up to 5,000 SF retail space near Walmart Supercenter.
      837 Turf Farm Rd, Payson, UT 84651
      View Details
    • Contact for pricing
      2,024 SF

      Retail Land Near I-15

      Land available for ground lease or build-to-suit near I-15.
      1130 W Turf Farm Way, Payson, UT 84651
      View Details
    • Contact for pricing
      5,600 SF

      Retail Land For Lease

      Land available for ground lease or build-to-suit near I-15.
      1100 W Turf Farm Way, Payson, UT 84651
      View Details
    • Contact for pricing

      Retail Land For Lease

      Commercial land available for ground lease or build-to-suit.
      1030 W Turf Farm Way, Payson, UT 84651
      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.
    1060 Turf Farm Rd
    Payson, UT 84651
    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
    1060 Turf Farm Rd, Payson, UT, 84651
    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!