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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Parking lots & garages
10011 Monroe St Sandy, UT 84070
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0653173
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2002
Construction
CONCRETE
Total area
87,936 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CBD-O
APN
27-12-453-041
UPID
US86-0653173
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
Centennial Village LLC · 3 yrs held
Centennial Village LLC
since 2023
5 recorded transactions
Zoning & alternative use
CBD-O · Sandy, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established as a subdistrict within the CBD District to encourage office, hotel, and regional governmental uses
Zone name
Central Business District Office Subdistrict
General category
CIVIC_INSTITUTIONAL
Zone area
110.82 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sandy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$1,040,000
Current use
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$16 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,315
Tax year 2023
Assessed value
$2,935,100
Assessed 2023
Previous assessed
$2,935,100
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$1,054,400
Assessed improvement
$1,880,700
Land market value
$1,054,400
Improvement market value
$1,880,700
Total market value
$2,935,100
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2002
Construction
CONCRETE
Heating
NONE
Stories
2
Units
300
Total area
87,936 SF
Lot
1.03 ac (44,867 SF)
Zoning code
CBD-O
APN
27-12-453-041
UPID
US86-0653173
Jurisdiction
SALT LAKE
Zoning & alternative use
CBD-O · Sandy, UTZoning CBD-O · permitted uses
CBD-O · Sandy, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is established as a subdistrict within the CBD District to encourage office, hotel, and regional governmental uses
Zone name
Central Business District Office Subdistrict
General category
CIVIC_INSTITUTIONAL
Zone area
110.82 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$1.0M
PARKING LOT Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
CONCRETE
Heating
NONE
Stories
2
Units
300
Lot
1.03 ac
Current owner
From public records · entity-resolved
Centennial Village LLC
Entity
Mailing address
7711 S PHEASANT WOOD DR, SANDY, UT 84093-6292
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2023
—
Centennial Village LLC
Continental Miller Apartments LLC
Special Warranty Deed
—
Aug 18, 2020
—
Tower Distribution Center LLC
Buckwalter Family Trust
Grant Deed
—
Apr 6, 2018
—
Continental Of Miller Apartments
Truong Sandy Properties LLC
Grant Deed
$3,800,000 · Truong Sandy Properties LLC
Nov 30, 2015
—
Truong Sandy Properties LLC
Redevelopment Agcy Of Sandy City
Grant Deed
$375,000 · Redevelopment Agcy
—
—
Tower Distribution Center LLC
—
Deed Of Trust
related
$1,115,144 · Buckwalter Family Trust (pt)
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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