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OFF-MARKET
Specialty properties

XB00 2306 Nephi, UT 84648

Property ID
Property summary
AI-generated overview

This exceptional commercial property in Nephi, Utah, presents a unique investment opportunity. Encompassing 11 acres, the offering includes two existing homes located at 221 N 1800 W (MLS #2021834) and 187 N 1800 W (MLS #2021832) in Nephi, UT 84648. The land is strategically situated next to the John Deere store, directly off Highway 132, providing excellent visibility and accessibility. The property's location offers significant potential for future growth, especially considering the Juab School District's recent purchase of adjacent land for a future school. This prime location is also just one block from Airport Road. The asking price for this combined 11-acre parcel, including both homes, is $1,799,900, translating to approximately $163,627 per acre. This represents a compelling value proposition given the property's size, location, and existing improvements. The property's TAX ID is XB00 2306. Don't miss this chance to acquire a substantial commercial land holding with significant upside potential in a rapidly developing area.

Property profile
Verified
Property type Specialty properties
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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