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    Property profile & analytics

    136 Abbeville Ct Sandy, UT 84070

    • Residential income homes
    • 8,736 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 136 Abbeville Ct

    Year built
    2023
    Property size
    8,736 SF
    Property type
    Residential income homes

    Description

    This exceptional Class A multifamily investment opportunity presents four luxurious, fully leased townhomes situated on four separate parcels in Sandy, Utah. Completed in 2023, this stabilized portfolio boasts a 5.50% cap rate and a strong net operating income (NOI) of $129,000. Each unit offers approximately 2,183-2,185 square feet of living space, featuring open floor plans, abundant natural light, laminate flooring, stainless steel appliances, and in-unit washer/dryers. The townhomes also include two-car garages. All units are currently occupied at 100% occupancy with staggered lease expirations, providing immediate cash flow and long-term stability. The property's prime location offers convenient access to world-class skiing (30 minutes), downtown Salt Lake City, and the Salt Lake City International Airport (both within 20 minutes). Individual unit sizes vary slightly, totaling 8,736 square feet across the four units. The asking price is $2,350,000, or $587,500 per unit. The property includes a homeowner's association (HOA) fee of $175 per unit per month, with additional income generated from internet and pet rent. Parcel IDs are 2231304037, 2231304038, 2231304039, and 2231304040. Property tours are available upon accepted offer.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.887
    Latitude
    40.6002

    Comparable in this City

    • Value Estimation
      $1,060,000
      102,970 SF

      617 9000th S

      APARTMENT HOUSE (UNDER 5 UNITS) • 102,970 SF
      617 9000th S, Sandy, UT 84070-2425
      View Details
    • Value Estimation
      $1,205,000
      177,472 SF

      9200 700th E

      APARTMENT HOUSE (UNDER 5 UNITS) • 177,472 SF
      9200 700th E, Sandy, UT 84070-6209
      View Details
    • Value Estimation
      $375,000
      2,332 SF

      8472 115th E

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,332 SF
      8472 115th E, Sandy, UT 84070-1067
      View Details
    • Value Estimation
      $1,710,000
      124,992 SF

      122 Sego Lily Dr

      APARTMENT HOUSE (100+ UNITS) • 124,992 SF
      122 Sego Lily Dr, Sandy, UT 84070-4386
      View Details
    • Value Estimation
      $480,000
      4,251 SF

      8891 120th E

      APARTMENT HOUSE (5+ UNITS) • 4,251 SF
      8891 120th E, Sandy, UT 84070-2222
      View Details
    • Value Estimation
      $360,000
      2,000 SF

      8431 State St

      MOBILE HOME PARK, TRAILER PARK • 2,000 SF
      8431 State St, Sandy, UT 84070
      View Details

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    136 Abbeville Ct
    Sandy, UT 84070
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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