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    677 800 Richfield, UT 84701

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    677 800 Richfield, UT 84701

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    • Commercial real estate
    • 0.31 lot acres
    Off-Market
    Property ID
    US86-1349687
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 677 800

    Lot size
    0.31 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.31-acre commercial and agricultural land parcel presents a unique opportunity in the desirable city of Richfield, Utah. Located at 677 E 800 N, Venice, UT 84701, this south-facing lot boasts breathtaking views of Cove Mountain and the surrounding valley. The property is conveniently situated in a prime neighborhood experiencing significant growth, making it an ideal location for various commercial ventures or agricultural pursuits. A key advantage is that Richfield City impact fees have already been paid, eliminating a significant upfront cost and expediting the building process. The lot is ready for immediate development. Utilities are readily available, including gas, power, and sewer. Water availability should be verified through further inquiry. Culinary water is available. This is a rare opportunity to acquire a build-ready lot with stunning views and significant cost savings in a thriving area. Don't miss this chance to secure your piece of Richfield's promising future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Richfield
    County
    Sevier
    State
    Utah
    Longitude
    -112.0776187
    Latitude
    38.7793671

    Comparable in this City

    • Contact for pricing

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      Richfield Development Opportunity Near I-70

      9.95-acre commercial land near retailers and I-70 in Richfield, UT.
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      Prime Commercial Lot in Richfield

      Highly visible .45-acre commercial lot near I-70 in Richfield, UT.
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      Richfield Commercial Land for Sale

      Commercial land available for retail, restaurant, hotel, or office development.
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    • $560,000
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      Richfield Land with Development Potential

      Rare acreage near Richfield, offering accessibility and long-term potential.
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    • $537,500
      2.06 Acres

      Prime Commercial Lot on Main

      2.06-acre commercial lot in high-traffic Richfield location.
      Parcel, Richfield, UT 84701
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    Similar Nearby for Sale

    • Contact for pricing

      2.43 Acres Commercial Land

      2.43 acres with office, garage, and secured yard.
      108 E 1000 S, Richfield, UT 84701
      View Details
    • $2,750,000

      Richfield Development Opportunity Near I-70

      9.95-acre commercial land near retailers and I-70 in Richfield, UT.
      1350 South Technology Dr, Richfield, UT 84701
      View Details
    • $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
    • $560,000
      8.65 Acres

      Richfield Land with Development Potential

      Rare acreage near Richfield, offering accessibility and long-term potential.
      Parcel, Richfield, UT 84701
      View Details
    • $537,500
      2.06 Acres

      Prime Commercial Lot on Main

      2.06-acre commercial lot in high-traffic Richfield location.
      Parcel, Richfield, UT 84701
      View Details
    • New
      $378,000
      6.16 Acres

      Richfield Land with Water Shares

      6.11 acres with water shares and utilities in Richfield.
      2890 N 2330 E, Richfield, UT 84701
      View Details

    Similar Nearby for Lease

    • 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
      2,400 SF

      Turnkey Office Space Available

      Office space for rent in Walmart-anchored Richfield location.
      178 W 1500 S, Richfield, UT 84701
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    • $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

      Restaurant Space Near I-70

      Restaurant space for rent with high traffic and ample parking.
      1475 N Main St, Richfield, UT 84701
      View Details
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    677 800
    Richfield, UT 84701
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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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