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7650 E SR 24 Giles Rd - Blue Valley Domes

2,281 SF Specialty Building Offered at $1,100,000 at a 8.20% Cap Rate in Hanksville, UT 84734

Investment Highlights

  • Nightly Rentals - 5 Luxury Geo domes with possibility to add 5 more (or RV pads)

Executive Summary

Now is your chance to own a slice of the American Dream! These luxury Geo Domes in Central Utah offer unparalleled access to nature with views of Factory Butte right from your doorstep. Located just minutes from Capitol Reef National Park and Goblin Valley, and only an hour from Lake Powell, this property provides the perfect base for off-roading, hiking, and exploring Utah's iconic landscapes. Each dome offers a five-star experience, featuring its own bathroom with a flushing toilet, shower, microwave, fridge, heating, and cooling. Approved for nightly rentals, this property has potential for additional revenue, with the option to get a permit for five more domes or RV sites. The current income is based on only renting four domes, with a fifth unit nearly ready to add even more profitability. 2025 forecast shows an increase in potential revenue at a multiple of 1.6. Ideal for adventure seekers and stargazers alike, this property has management in place that would love to continue overseeing its care, ensuring a smooth transition for new owners. Check out the 360 property tour! https://kuula.co/share/collection/7ZKjR?logo=0&info=0&fs=1&vr=1&initload=0&thumbs=1

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income $125,324 $54.94
Other Income - -
Vacancy Loss - -
Effective Gross Income $125,324 $54.94
Taxes $1,557 $0.68
Operating Expenses $33,524 $14.70
Total Expenses $35,081 $15.38
Net Operating Income $90,243 $39.56

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual $125,324
Annual Per SF $54.94
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $125,324
Annual Per SF $54.94
Taxes
Annual $1,557
Annual Per SF $0.68
Operating Expenses
Annual $33,524
Annual Per SF $14.70
Total Expenses
Annual $35,081
Annual Per SF $15.38
Net Operating Income
Annual $90,243
Annual Per SF $39.56

Property Facts

Price $1,100,000
Price Per SF $482
Sale Type Investment
Cap Rate 8.20%
Property Type Specialty
Property Subtype Trailer/Camper Park
Building Class B
Lot Size 22.34 AC
Building Size 2,281 SF
No. Stories 1
Year Built 2023

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-0085-0560
Land Assessment
$82,771
Improvements Assessment
$135,013
Total Assessment
$217,784
Annual Taxes
$1,557 ($0.68/SF)
Tax Year
2024

zoning

Zoning Code Resort Recreation
Resort Recreation
  • Listing ID: 33748864

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 7650 E SR 24 Giles Rd, Hanksville, UT 84734

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