Apartment Building with Occupied
For Sale
$1,025,000
590 PILOT St, Wendover, UT 84083
MULTI_FAMILY - Other - Wendover, UT
Property Size8,517 SF
Lot Size0.28 Acres
Price / SF$120.35
Days on Market327
Property Features for 590 PILOT St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi-Family, Commercial
Bedrooms
16
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 7, Bedroom 2, Bedroom 9, Bathroom 10, Bathroom 2, Bedroom 4, Bedroom 13, Bathroom 3, Bedroom 15, Bedroom 7, Bedroom 12, Bathroom 6, Bathroom 9, Bedroom 3, Bathroom 12, Bedroom 10, Bedroom 14, Bedroom 6, Bedroom 8, Bathroom 11, Bedroom 16, Bedroom 11, Bathroom 1, Bathroom 8, Bathroom 4, Bathroom 5, Bedroom 5, Bedroom 1
Parking
20
Window features
Drapes
Elementary school
Anna Smith
Middle school
Tooele
High school
Tooele
Elementary school district
Tooele
Middle school district
Tooele
High school district
Tooele
Subdivision
Wendover; Trout Crk; Partoun
Standard status
Active
APN
01-261-0-0009
Size
8,517 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Annual Amount
5154
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Building Details
Year built
1960
Floors in Building
2
Number of units
12
Flooring type
Vinyl, Carpet, Tile
Building materials
Aluminum
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Found It LLC
(385) 425-2001
Listed By:
Craig D Steel
(385) 218-7367
Added: Sep 17, 2025
Changed: Aug 4
Last Checked: Aug 9 at 4:06PM
MLS# 2112143
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Investment Insights
Based on property information with market context.
This apartment building contains 8,517 square feet on a 0.28-acre parcel at 590 PILOT St in Wendover, Utah. Built in 1960, the property has aluminum construction, an asphalt roof, electric heating, and a combination of vinyl, carpet, and tile flooring. The layout includes 16 bedrooms and 12 bathrooms, providing a substantial residential configuration within the building.
The property is served by public sewer and carries Multi-Family, Commercial zoning. Units are currently occupied, and showings are arranged by appointment. Its location in Wendover, Tooele County, places the asset within an established Utah residential setting.
The property is served by public sewer and carries Multi-Family, Commercial zoning. Units are currently occupied, and showings are arranged by appointment. Its location in Wendover, Tooele County, places the asset within an established Utah residential setting.
Key Highlights
- 8,517‑square‑foot apartment building on a 0.28‑acre parcel
- 16 bedrooms and 12 bathrooms
- Units are currently occupied; showings by appointment
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
$83,253
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
8.12%
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%
$1,665,060
$1.7M
Cap Rate 7%
$1,189,329
$1.2M
Cap Rate 9%
$925,033
$925.0K
Market Conditions
NOI Build-Up for 8,517 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
$156.4K $18.36/SF
− Vacancy
−$5.0K −$0.59/SF
EGI
$151.4K $17.77/SF
− OpEx
−$68.1K −$8.00/SF
NOI
$83.3K $9.77/SF
Area
Tooele County, UT
Vacancy
3.20%
Lease Rate
$18.36 /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%
$1,665,060
Cap Rate 7%
$1,189,329
Cap Rate 9%
$925,033
Alternative Uses
Best Use
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,253 @ 7.0% cap · market cap 8.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.01M – $2.68M
NOI $160,622 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 84083, UT
1,115
Population
547
Households
2
Avg Household Size
39
Median Age
7%
College-Educated
66%
High-School Grad
607.2 sq mi
ZIP Area
2
Density / Sq Mi
$45,938
Median Household Income
$32,130
Median Earnings
$688
Median Rent
$166,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Occupied multifamily property with electric heat, mixed flooring, public sewer service, and Multi-Family, Commercial zoning.
Where is this apartment building located?
The property is located at 590 PILOT St Wendover, UT.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 8,517‑square‑foot apartment building on a 0.28‑acre parcel; 16 bedrooms and 12 bathrooms; Units are currently occupied; showings by appointment
