Entity Owned Property summary
AI-generated overview
This exceptional three-story, Class B office building offers a total of 32,363 square feet, currently available for sublease. The property boasts recent renovations completed in 2016, providing modern and updated spaces for tenants. Multiple suites are available, with a minimum divisible space of 5,044 square feet and the option to lease the entire 32,363 square feet contiguously. The building features three suites in total, and ample parking is provided with 139 spaces. Convenient freeway access enhances its appeal. The building is equipped with a backup generator, ensuring reliable power. Elevators are available for easy access to all three floors. The sublease term offers flexibility, with the potential for a long-term extension, subject to negotiation with the master landlord. This fully furnished building presents a turnkey solution for businesses seeking immediate occupancy in a well-maintained and strategically located office space. The property's prominent freeway frontage ensures high visibility and accessibility. This is a rare opportunity to secure a substantial and well-appointed office space in a prime location.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,037 SF
Lot
1.88 ac (81,893 SF)
Zoning code
B/RP
APN
15-22-227-032
UPID
US86-0367821
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Advertising Agency Marketing & Advertising
-
Business Administration Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.23M
Comparable Approach
Comparable
$5.36M
Blend (final)
Blend
$6.29M
Owner & transaction history
since 2022
7 recorded transactions
Zoning & alternative use
B/RP · West Valley City, UT
Zoning description
The Intent of this to promote Business Research Park Uses
General category
COMMERCIAL
Top alternative use upside
Apartment house (5+ units)
$9.4M
+91.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.29M
Value range
$5.66M – $6.92M
±10% around blend
Estimated value / SF
$185 / SF
Confidence
Property data
100
Comparable evidence
60
$5.66M
blend $6.29M
$6.92M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
34,037 SF
Lot area
1.88 ac
Year built
1983
Stories
2
APN
15-22-227-032
Zoning
B/RP
Assessed value
$5,261,100
Annual tax
$65,217
3
Income approach: direct capitalization
Partial preview
Income approach indication
$7.23M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$7.83M
@ 6.5% CAP return
$7.23M
@ 7% CAP return
$6.71M
4
Sales comparison
Partial preview
Sales approach indication
$5.36M
Range $1.26M – $8.38M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.29M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+91%
vs current-use indication
Commercial (general) · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$5.26M
Move the market yield to see immediate price impact.
Value / SF
$155
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$331k
$6.63M
$4.73M
$3.68M
$368k
$7.37M
$5.26M
$4.09M
$405k
$8.10M
$5.79M
$4.50M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$65,217
Tax year 2023
Assessed value
$5,261,100
Assessed 2023
Previous assessed
$5,261,100
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$778,000
Assessed improvement
$4,483,100
Land market value
$778,000
Improvement market value
$4,483,100
Total market value
$5,261,100
Applied tax rate
24.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
34,037 SF
Lot
1.88 ac (81,893 SF)
Zoning code
B/RP
APN
15-22-227-032
UPID
US86-0367821
Jurisdiction
SALT LAKE
Zoning & alternative use
B/RP · West Valley City, UTZoning B/RP · permitted uses
B/RP · West Valley City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Intent of this to promote Business Research Park Uses
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1983
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
1.88 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B/RP
COMMERCIAL
Jurisdiction
West Valley City, UT
Recorded code
B/RP
Official district
B/RP
Official district profile
What the municipal code says about B/RP
Zoning description
The Intent of this to promote Business Research Park Uses
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B/RP in West Valley City, UT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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