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    127 W Albermarle Ave Salt Lake City, UT 84115

    Sponsored
    For Sale
    $900,000

    COMMERCIAL - Salt Lake City, UT

    Lot size:
    0.14 Acres
    Days on Market:
    9
    Last Refresh:
    Jan 7 at 3:06 am

    Property Features for 127 W Albermarle Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    15-13-227-001
    Lot size
    0.14 Acres

    Equity Real Estate-Premier Elite Branch (801) 326-0362 [email protected]

    Listing agent Austin Spencer (801) 651-3071

    Listing date Dec 30, 2025

    Copyright © 2025 UtahRealEstate.com. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ballpark District Development Opportunity

    Located in the heart of the Ballpark District, this commercial land offers a development opportunity next to Smith's Ballpark. The city recently rezoned the area to MU-8, allowing for buildings up to 8 stories high, with the potential for additional stories based on certain incentives. A previous buyer had an architect create a site plan, elevations, and unit configuration, and also received Fire Marshall approval. The existing configuration allows for a 4-story, 96-unit, wood-framed building slab on grade. The building on the property has been razed, leaving a flat, empty lot. Tradition Pointe Apartments has recently been completed nearby, and Abstract Development is constructing a mixed-use multi-family building next to this parcel. The lot across the street was recently sold to a developer. The city has a plan to revitalize this area, similar to the Central 9th project, which led to increased property values. The property is suitable for a 96-unit micro-apartment development. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.891
    Latitude
    40.7142

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    FAQs

    What type of property is this?
    Commercial land - Development site in the heart of the Ballpark District.
    Where is this commercial land located?
    The property is located at 127 W Albermarle Ave Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Approved site plan, elevations, unit configuration, and Fire Marshall approval significantly de-risks and accelerates development.; - Prime location in the heart of the Ballpark District, next to Smith's Ballpark, offering high visibility and access.; - MU-8 zoning allows for buildings up to 8 stories, with potential for additional stories via incentives, maximizing development potential.
    (801) 651-3071
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    Realmo Value Estimation

    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.

    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.

    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
    127 W Albermarle Ave Salt Lake City, UT 84115
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