500 Hwy Ephraim, UT 84627
This exceptional industrial property, located at 500 South Hwy 89, Ephraim, UT 84627, presents a unique investment opportunity within the thriving Ephraim Crossing master-planned community. The development encompasses 240 acres and offers a diverse range of industrial, flex, and warehouse spaces, with land sales starting at $8-$10 per square foot for lots ranging from 1 to 40 acres. Lease options are also available, starting at $1.00 per square foot, NNN, with spaces ranging from 2,000 to 200,000 square feet. Strategically situated on Highway 89, this location provides easy access to major transportation routes and is in the heart of Sanpete County, Utah's largest city. The area benefits from significant growth, including a new Intermountain Health hospital, a new road design for commercial traffic connecting to Highway 89 (under construction), and a rapidly expanding residential sector with over 700 new households planned across single-family, townhome, and apartment developments. Further enhancing the area's appeal are Snow College (approx. 6,000 students offering four-year degrees), a Utah State University campus, and the upcoming Ephraim LDS Temple (scheduled for completion in 2025). Recreational opportunities abound with Ephraim Canyon's access to the Arapeen ATV Trail. The pro-business local government actively supports expansion, making this a compelling investment prospect with strong potential for future growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.