Building Details

Building Size 12,752 SF

Year Built 1983

Listing Agency: ERA Brokers Consolidated (Ogden) Show Phone

Listed By: Jeff Good Show Phone

Source: Liftrealty

Added: Aug 15 Changed: Oct 6 Last Checked: Oct 5 at 7:25PM

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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 ERA Brokers Consolidated (Ogden)

Investment Insights

Based on property information with market context.

This 14-unit apartment property comprises condominium residences built in 1983, with layouts ranging from one-bedroom units to two-bedroom homes with lofts. Individual sizes range from 671 to 1,292 square feet, and the combined property size is 12,752 square feet. The unit mix includes six one-bedroom residences, two two-bedroom units, and six two-bedroom units with lofts. Square footage is based on county records and should be independently verified.

Nightly rentals are permitted. The property is located at 3815 N Wolf Crk Dr in Eden, Utah, approximately 300 feet from the Wolf Creek Golf Course clubhouse. Shuttle service to Powder Mountain is available directly outside the property.

Key Highlights

• 14 condominium units with one- and two‑bedroom layouts, including loft configurations
• Nightly rentals permitted
• Unit sizes range from 671 to 1,292 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$109,833

Cap Rate

3.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,196,660 $2.2M

Cap Rate 7%

$1,569,043 $1.6M

Cap Rate 9%

$1,220,367 $1.2M

Market Conditions

NOI Build-Up for 12,752 SF

Gross rent

$221.9K $17.40/SF

− Vacancy

−$22.2K −$1.74/SF

EGI

$199.7K $15.66/SF

− OpEx

−$89.9K −$7.05/SF

NOI

$109.8K $8.61/SF

Area

Weber County, UT

Vacancy

10.00%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,196,660

Cap Rate 7%

$1,569,043

Cap Rate 9%

$1,220,367

Alternative Uses

Best Use

Apartment 5plus

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,833 @ 7.0% cap · market cap 3.66%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.94M

$2.57M – $3.43M (±1% cap)

NOI $205,881 @ 7.0% cap · market cap 6.86%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Wolf Creek Village ... Hotel & Motel Wolf Creek Village ... Hotel & Motel The club Gym & Fitness Center

Suggested Use

Top Pick Parking Lot & Garage Storage Facility Pharmacy (Bike/Boat/Book/etc) Store Catering Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14

Residential units

Location Intelligence

Trade Area within ½ mile

96

Businesses Nearby

Explore this area Business Placement

Demographics for 84310, UT

4,907

Population

2,335

Households

2.1

Avg Household Size

44

Median Age

53%

College-Educated

99%

High-School Grad

105.9 sq mi

ZIP Area

46

Density / Sq Mi

$143,137

Median Household Income

$62,353

Median Earnings

$1,684

Median Rent

$738,500

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Apartment building - Fourteen condominium units support nightly rentals near golf and mountain shuttle service.

Where is this apartment building located?

The property is located at 3815 N WOLF CRK DR Unit ALL Eden, UT.

What is the asking price?

The asking price for this property is $2,999,999.

What are key features of this property?

This property features: 14 condominium units with one- and two‑bedroom layouts, including loft configurations; Nightly rentals permitted; Unit sizes range from 671 to 1,292 SF