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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Office buildings
187 Orch Dr North Salt Lake, UT 84054
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0721075
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
STEEL FRAME
Total area
21,598 SF
Lot
2.24 ac (97,574 SF)
Zoning code
CH
APN
01-108-0065
UPID
US86-0721075
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
$2.45M
Blend (final)
Blend
$2.46M
Owner & transaction history
Eagle Ridge Partners LLC · 9 yrs held
Eagle Ridge Partners LLC
since 2017
7 recorded transactions
Zoning & alternative use
CH · North Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the highway commercial C-H zoning district is to encourage a mixture of uses supporting all modes of transportation utilizing Highway 89, including, but not limited to, pedestrians, cyclists, public transit, and vehicular traffic
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
55.26 ac
Source
Realmo
Top alternative use upside
Medical building
$3.5M
+23.3%
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 North Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Salt Lake 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
OFFICE BUILDING
$2,855,000
Current use
MEDICAL BUILDING
$3,520,000
Change: +23% · Conversion: Easy
RESTAURANT
$2,630,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±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
$114 / 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
$6,119
Tax year 2023
Assessed value
$2,130,005
Assessed 2023
Previous assessed
$2,130,005
+0.0% YoY
Effective rate
0.29%
On assessed value
Assessed land
$490,898
Assessed improvement
$1,639,107
Land market value
$892,542
Improvement market value
$2,980,196
Total market value
$3,872,738
Applied tax rate
45.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Units
1
Total area
21,598 SF
Lot
2.24 ac (97,574 SF)
Zoning code
CH
APN
01-108-0065
UPID
US86-0721075
Jurisdiction
DAVIS
Zoning & alternative use
CH · North Salt Lake, UTZoning CH · permitted uses
CH · North Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the highway commercial C-H zoning district is to encourage a mixture of uses supporting all modes of transportation utilizing Highway 89, including, but not limited to, pedestrians, cyclists, public transit, and vehicular traffic
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
55.26 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.9M
MEDICAL BUILDING
Est. value
$3.5M
RESTAURANT
Est. value
$2.6M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
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
2001
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Units
1
Lot
2.24 ac
Current owner
From public records · entity-resolved
Eagle Ridge Partners LLC
Entity
Mailing address
170 S 1000TH E, SALT LAKE CITY, UT 84102-1403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2017
—
Eagle Ridge Partners LLC
—
Deed
related
$1,510,000 · Mountain W Small Busn Fin
Mar 10, 2017
—
Eagle Ridge Partners LLC
Kims INC
Deed
$1,468,200 · Wells Fargo Bank
Apr 3, 2008
—
Kims INC
Eagleridge Office Park LLC
Grant Deed
$3,150,000 · First Utah Bank
Jan 31, 2007
—
Woodside Sunset Farms LLC
Danville Land Investments LLC
Warranty Deed
related
—
Jul 10, 2006
—
Woodside Sunset Farms LLC
Danville Land Investments LLC
Warranty Deed
related
—
Jun 28, 2006
—
Woodside Sunset Farms LLC
Danville Land Investments LLC
Warranty Deed
related
—
May 30, 2006
—
Woodside Sunset Farms LLC
Danville Land Investments LLC
Quit Claim Deed
related
—
Feb 24, 2006
—
Eagleridge Office Park LLC
Eaglepointe Office Assocs LLC
Quit Claim Deed
—
Dec 10, 2004
—
Church Of Jesus Christ/latter-day
Danville Land Investments LLC
Grant Deed
related
—
Mar 25, 2004
—
Woodside Quail Crossing LLC
Danville Land Investments LLC
Warranty Deed
related
—
—
—
Eagle Ridge Partners LLC
—
Deed Of Trust
related
$1,510,000 · Mountain W Small Busn Fin
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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