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285 E CIMMARRON N WAY, Erda, UT — photo 11 / 45
Single Family

$1,600,000

285 E CIMMARRON N WAY, Erda, UT 84074

Type

SFR

List Price

$1.60M

Price/Sqft

$534

Est Gross Yield

1.7%

$27,684/yr est.

Property Details

Property typeSingle Family
Year built1997
Total units1
Living area2,996 sqft
Bedrooms4
Bathrooms2
Lot size5.01 acres
Parking8 spaces
Days on market22
Listed2026-09-01T00:00:00+00:00

Description

A rare opportunity to acquire approximately 5 acres in one of Erda's most visible and rapidly evolving corridors, positioned directly along the primary highway into town. Combining immediate operational utility with long term investment potential, this unique property offers an exceptional opportunity for equestrian users, investors, and developers alike. The property is currently improved with a well-maintained single-family residence, an established horse arena, tack and storage buildings, and supporting equestrian infrastructure, creating a turnkey environment for a professional horse training, boarding, breeding, or lesson operation.The existing improvements provide the flexibility to continue an active equestrian business while benefiting from the property's strategic location and strong regional visibility. Beyond its current use, the property's size, frontage, and prominent location present compelling future development possibilities, subject to municipal approvals. Situated within the path of Erda's continued growth, the site offers investors the opportunity to generate current income whe evaluating future entitlement or redevelopment strategies. Its location provides excellent accessibility with direct exposure to the area's primary transportation corridor, making it well suited for a variety of long-term investment scenarios. Whether your vision is to establish a premier equestrian facility, secure a land investment in one of Tooele County's fastest-growing communities, or capitalize on future development potential, this property represents a distinctive opportunity where operational value and future upside converge.

Listed by Benjamin Dickamore · Summit Sotheby's International Realty

Location

285 E CIMMARRON N WAY, Erda, UT 84074

Proforma

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Cap Rate

1.15%

Cash-on-Cash

-9.40%

Cash Flow

-$4,701/mo

Purchase Price$1,600,000
Down Payment35% ($560,000)
Interest Rate6.00%
Monthly Rent$2,307/mo
Vacancy5%
Expense Ratio30% ($7,890)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/23/2026, 7:09:26 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.