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    9786 Aaron Ave Eagle Mountain, UT 84005

    Sponsored
    For Sale
    $3,138,000

    Eagle Mountain, UT rental income opportunity

    Property size:
    2,104 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional investment opportunity presents a portfolio of seven, brand-new (2022) three-bedroom townhomes in the desirable gated community of Spring Run Townhomes, Eagle Mountain, Utah. Each unit boasts spacious floor plans (2,104 - 2,584 sq ft), featuring vaulted great rooms with expansive windows, large closets, granite or quartz countertops, stainless steel appliances, and luxury vinyl plank/tile flooring. Exterior amenities include large decks, walkout basements, landscaped backyards, and a future community pool and clubhouse. The property offers a 4.98% cap rate with a current NOI of $156,159. Currently, 15% occupancy allows for significant upside potential. All units include two-car garages and two additional exterior parking spaces. The community provides fiber internet, gated entrances, guest parking, and full landscaping. This prime location is within five minutes of major retailers (Costco, Walmart, Home Depot) and ten minutes from Silicon Slopes employment centers, and near the Ranches Golf Course. Individual unit rents range from $2100 to $2400 per month, with the asking price for the entire portfolio at $3,138,000 ($448,286 per unit). The seller is open to offers on individual units or combinations of units. Taxes, management, and HOA dues are paid by the landlord

    Property Features for 9786 Aaron Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,104 SF

    Building Details

    Year Built
    2022
    Units
    7

    HighLights

    • Existing property management can be retained or replaced by the new owner.
    • All units include two‑car garages.
    • Taxes, property management fees, and HOA dues are paid by the landlord; tenants cover all utilities and renter's insurance.
    • Purchase options include all seven properties or any combination thereof (pricing for less than seven units available upon request).
    • Monthly rents: 9776 N. Aaron Ave ($2100, 3 bed/3 bath, 2104 sq ft, finished basement); 9777 N. Aaron Ave ($2300, 3 bed/3 bath, 2466 sq ft); 9781 N. Aaron Ave ($2300, 3 bed/3 bath, 2446 sq ft); 9786 N. Aaron Ave ($2250, 3 bed/3 bath, 2269 sq ft, finished basement); 9787 N. Aaron Ave ($2400, 3 bed/3 bath, 2584 sq ft); 9807 N. Aaron Ave ($2300, 3 bed/3 bath, 2466 sq ft); 9811 N. Aaron Ave ($2300, 3 bed/3 bath, 2446 sq ft).
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Eagle Mountain
    County
    Utah
    State
    Utah
    Longitude
    -111.9773217
    Latitude
    40.3882605

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    FAQs

    What type of property is this?
    Multifamily property - Eagle Mountain, UT rental income opportunity
    Where is this multifamily property located?
    The property is located at 9786 Aaron Ave Eagle Mountain, UT.
    What is the asking price?
    The asking price for this property is $3,138,000.
    What are key features of this property?
    This property features: Existing property management can be retained or replaced by the new owner.; All units include two-car garages.; Taxes, property management fees, and HOA dues are paid by the landlord; tenants cover all utilities and renter's insurance.
    Request Owner's contact information
    9786 Aaron Ave Eagle Mountain, UT 84005
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    9786 Aaron Ave Eagle Mountain, UT 84005
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