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Property profile & analytics
OFF-MARKET
Estimated value
$57,125,000
Apartment buildings
14075 Bangerter Pkwy Draper, UT 84020-5461
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-1193431
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2014
Total area
325,964 SF
Lot
5.78 ac (251,777 SF)
Zoning code
IC
APN
34-06-376-019
UPID
US86-1193431
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
Current use
Occupant on record · Public records
-
The Ivy at Draper Real Estate Agency
-
Lone Peak Toastmasters Charitable Organization Social Service Agency
-
Bookkeeping Services By Cyndi Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$49.02M
Comparable Approach
Comparable
$65.23M
Blend (final)
Blend
$57.13M
Owner & transaction history
Gs Aa Draper Owner LLC · 3 yrs held
Gs Aa Draper Owner LLC
since 2022
2 recorded transactions
Zoning & alternative use
IC · Draper, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
TheinstitutionalcareIC zone is established to provide a residential environment within Draper City forinstitutionalcaredevelopments such as Alzheimer facilities, assisted living facilities, congregate housing facilities, hospices, limited medical services, nursingcarefacilities, transitionalcaredevelopments, other similar land uses that are constructed and u…
Zone name
Institutional Care
General category
CIVIC_INSTITUTIONAL
Zone area
9.83 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 Draper submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Draper 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%
$53,105,000
6.5%
$49,020,000
7%
$45,520,000
Blend value · Realmo final
$57.13M
Range $51.41M – $62.84M · ±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
$175 / 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
$372,107
Tax year 2023
Assessed value
$70,563,000
Assessed 2023
Previous assessed
$70,563,000
+0.0% YoY
Effective rate
0.53%
On assessed value
Assessed land
$6,723,600
Assessed improvement
$63,839,400
Land market value
$6,723,600
Improvement market value
$63,839,400
Total market value
$70,563,000
Applied tax rate
55.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2014
Cooling
YES
Buildings
2
Stories
1
Units
106
Total area
325,964 SF
Lot
5.78 ac (251,777 SF)
Zoning code
IC
APN
34-06-376-019
UPID
US86-1193431
Jurisdiction
SALT LAKE
Zoning & alternative use
IC · Draper, UTZoning IC · permitted uses
IC · Draper, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
TheinstitutionalcareIC zone is established to provide a residential environment within Draper City forinstitutionalcaredevelopments such as Alzheimer facilities, assisted living facilities, congregate housing facilities, hospices, limited medical services, nursingcarefacilities, transitionalcaredevelopments, other similar land uses that are constructed and used primarily for long term or permanent residence by the elderly and persons with a disability. It is intended that this zone be located in areas along or very near an arterial or collector street, preferably within reasonable walking distance to general commercial centers that may include services such as grocery stores or pharmacies and to areas where mass transit may be available currently or in the future. To ensure neighborhood compatibility, all developments shall be approved by the Draper City planning commission as a part of site plan review.
Zone name
Institutional Care
General category
CIVIC_INSTITUTIONAL
Zone area
9.83 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2014
Cooling
Yes
Stories
1
Buildings
2
Units
106
Lot
5.78 ac
Current owner
From public records · entity-resolved
Gs Aa Draper Owner LLC
Entity
Mailing address
465 MEETING ST, CHARLESTON, SC 29403-4832
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
—
Gs Aa Draper Owner LLC
Kw Fund Vi Draper LLC
Special Warranty Deed
$44,623,000 · Cbre Multifamily Capital INC
Jul 13, 2022
—
Kw Fund Vi Draper LLC
Draper Rosegate Associates LLC
Quit Claim Deed
related
—
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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