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How to Find out How Much your Utah Land Worth

As a commercial landowner, it’s important to know the value of your property, especially if you plan on selling it or taking out a loan..

May, 2023
Fortunately, there are several ways to determine how much your Utah land is worth. In this blog post, we’ll explore some of the most effective methods for valuing your property.
Real Estate Agent A real estate agent who specializes in commercial sales can be a valuable resource for determining your land’s value. They have access to the Multiple Listing Service (MLS), as well as commercial sites such as LoopNet and Costar, which provide information about recent property sales, as well as knowledge of the local market and trends. Keep in mind that commercial real estate agents may charge a fee for their services.   Professional Appraisal If you need a more accurate and detailed valuation, you may want to hire a professional appraiser. They will conduct a thorough inspection of your land and provide a comprehensive report with an estimate of its value based on market trends, comparable properties, and unique features of your land. This option can be more expensive, but it’s the most reliable way to determine your land’s true value.   Comparable Sales  Lastly, you can determine your land’s value by looking at comparable sales in the area. Research recent land sales in your area and look for properties similar to yours in size, location, and features. This will give you an approximate estimate of your land’s value based on the sales price of these comparable properties. Keep in mind that Utah is a “Non-Disclosure” state, and it may be hard to find this data online.   Knowing the value of your commercial land in Utah is important for making informed decisions about selling, leasing, or developing your property. To get an accurate estimate, consider using one or more of the above methods, including a real estate agent, a professional appraisal, and researching comparable sales. No matter which method you choose, it’s important to keep in mind that valuing commercial land is not an exact science, and the final value of your land will ultimately depend on what a buyer is willing to pay.   When it comes to land sales in Utah, Jody Jones with Align Commercial Real Estate has the knowledge and experience to help you through every step of the process. With years of experience in the Salt Lake Valley and a solid understanding of all of the challenges and steps mentioned above, Jody has the knowledge, experience and proven track record for finding a buyer, negotiating deals, and getting you the best possible price.   Contact Jody at 801-577-2175 today to learn more about her land sale services.

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Jody Jones, Commercial Real Estate Utah

Jody Jones, CCIM
1075 East Hollywood Avenue
Salt Lake City, Utah 84105

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