30-Unit Apartment
For Sale
Contact for pricing
1771 S Renaissance Towne Dr, Bountiful, UT 84010
Newly constructed multifamily property with one- and two-bedroom residences, private balconies, and controlled-access parking.
Property Size29,961 SF
Lot Size0.73 Acres
Price / SF$310.40
Days on Market8
Property Features for 1771 S Renaissance Towne Dr
General Information
Standard status
Active
Size
29,961 SF
Lot size
0.73 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
30
Amenities
controlled access parking
oversized private balconies
dedicated high-speed fiber internet
extra-large bedrooms
Listing Agency:
LEOLA Commercial Inc
Listed By:
Jesus Henao · License #11838985-PB00
Source:
Crexi
Added: Sep 3
Changed: Sep 9
Last Checked: Sep 9 at 4:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LEOLA Commercial Inc
Investment Insights
Based on property information with market context.
This newly constructed apartment property contains 30 units across 29,961 square feet on a 0.73-acre site. The unit mix includes one-bedroom and two-bedroom residences, with extra-large bedrooms and oversized private balconies. Residents also have access to dedicated high-speed fiber internet and controlled-access parking.
Located at 1771 S Renaissance Towne Dr in Bountiful, Utah, the property offers a contemporary multifamily configuration with a range of resident-focused features. Its centralized building design, varied unit mix, parking access, balconies, and dedicated connectivity support a modern apartment setting.
Located at 1771 S Renaissance Towne Dr in Bountiful, Utah, the property offers a contemporary multifamily configuration with a range of resident-focused features. Its centralized building design, varied unit mix, parking access, balconies, and dedicated connectivity support a modern apartment setting.
Key Highlights
- 30‑unit apartment building
- 29,961 SF building on a 0.73‑acre lot
- Mix of 1‑bedroom and 2‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$340,809
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,816,180
$6.8M
Cap Rate 7%
$4,868,700
$4.9M
Cap Rate 9%
$3,786,767
$3.8M
Market Conditions
NOI Build-Up for 29,961 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$688.5K $22.98/SF
− Vacancy
−$68.9K −$2.30/SF
EGI
$619.7K $20.68/SF
− OpEx
−$278.8K −$9.31/SF
NOI
$340.8K $11.38/SF
Area
Davis County, UT
Vacancy
10.00%
Lease Rate
$22.98 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,816,180
Cap Rate 7%
$4,868,700
Cap Rate 9%
$3,786,767
Alternative Uses
Best Use
Apartment 5plus
$4.87M
$4.26M – $5.68M
NOI $340,809 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.92M
$6.05M – $8.07M
NOI $484,381 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
30
Residential units
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
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Business Placement
Demographics for 84010, UT
48,439
Population
16,103
Households
3
Avg Household Size
35
Median Age
46%
College-Educated
98%
High-School Grad
38.0 sq mi
ZIP Area
1,275
Density / Sq Mi
$102,038
Median Household Income
$45,472
Median Earnings
$1,458
Median Rent
$486,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Newly constructed multifamily property with one- and two-bedroom residences, private balconies, and controlled-access parking.
Where is this apartment building located?
The property is located at 1771 S Renaissance Towne Dr Bountiful, UT.
What is the asking price?
The asking price for this property is $9,300,000.
What are key features of this property?
This property features: 30‑unit apartment building; 29,961 SF building on a 0.73‑acre lot; Mix of 1‑bedroom and 2‑bedroom units
