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    2650 Decker Lake Blvd West Valley City, UT 84119
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    Property profile & analytics

    2650 Decker Lake Blvd West Valley City, UT 84119

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    • Investment properties
    • 156,646 SF
    • 9.20 lot acres
    For Lease
    $28,115,000
    View Listing →
    West Valley City Office Space For Lease
    $28,115,000
    39,841 SF

    West Valley City Office Space

    Office spaces available in West Valley City, Utah.

    2650 Decker Lake Blvd, West Valley City, UT
    View Listing
    Property ID
    US86-0574061
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 2650 Decker Lake Blvd

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    9.20 lot acres
    Property size
    156,646 SF
    Zone code
    M
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    15-21-476-027
    APU
    1521476027

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $36,030,000
      6.5%
      $33,255,000
      7%
      $30,880,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $22,975,000
      Market price range: $5.78M - $38.6M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $22,630,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $43,215,000
      Change: +91% Conversion: Moderate
      MEDICAL BUILDING
      $20,670,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Valley City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.949
    Latitude
    40.7142
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $279,645
    $3,177,600
    $19,381,700
    $22,559,300
    -
    $3,177,600
    $19,381,700
    $22,559,300

    Comparable in this City

    • Value Estimation
      $3,900,000
      30,164 SF

      3280 3500th S

      STORE/OFFICE (MIXED USE) • 30,164 SF
      3280 3500th S, West Valley City, UT 84119-2668
      View Details
    • Value Estimation
      $2,210,000
      11,135 SF

      2151 3600th W

      STORE/OFFICE (MIXED USE) • 11,135 SF
      2151 3600th W, West Valley City, UT 84119-1121
      View Details
    • Value Estimation
      $1,070,000
      33,464 SF

      2261 Redwood Rd

      STORE/OFFICE (MIXED USE) • 33,464 SF
      2261 Redwood Rd, West Valley City, UT 84119-1302
      View Details
    • Value Estimation
      $12,220,000
      53,284 SF

      2200 Pkwy Blvd

      STORE/OFFICE (MIXED USE) • 53,284 SF
      2200 Pkwy Blvd, West Valley City, UT 84119-2099
      View Details
    • Value Estimation by Request
      446 SF

      2261 Redwood Rd, Unit J

      STORE/OFFICE (MIXED USE) • 446 SF
      2261 Redwood Rd, West Valley City, UT 84119-1302
      View Details
    • Value Estimation
      $17,360,000
      93,192 SF

      2987 Decker Lk Dr

      STORE/OFFICE (MIXED USE) • 93,192 SF
      2987 Decker Lk Dr, West Valley City, UT 84119-6094
      View Details

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      0.52 Acres

      West Valley City Commercial Property

      Commercial property in West Valley City industrial area for sale.
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      West Valley City Duplex For Sale

      Duplex with remodeled unit and income potential in West Valley.
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      West Valley City Duplex Investment

      Duplex in excellent condition with strong rental history.
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    • Contact for pricing
      Pending

      Drive-Thru Retail Opportunity

      High-visibility retail space with drive-thru in prime location.
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      View Details
    • $44,400
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      Established Boutique Business For Sale

      Turn-key boutique business opportunity in a high-traffic West Valley location.
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    • Contact for pricing
      6,310 SF

      West Valley City Retail Opportunity

      Retail space in a premier location, high visibility and accessibility.
      3671 S Constitution Blvd, West Valley City, UT 84119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      South Salt Lake Warehouse Space

      20,000 SF warehouse with office space for sublease.
      1030 West 2610 South, South Salt Lake, UT 84119
      View Details
    • $16 SF/Yr
      2,420 SF

      Centrally Located Salt Lake Valley Office

      Office space for lease, centrally located with freeway access.
      1600 W 2200 S, W Valley City, UT 84119
      View Details
    • Contact for pricing
      613 SF

      Retail Spaces in West Valley

      Retail spaces available in established West Valley City trade area.
      3601 S Constitution Blvd, West Valley City, UT 84119
      View Details
    • $2,600 /Mo

      Office Suite in Decker Lake

      Second floor office suite with views and abundant parking.
      1743 W Alexander St, West Valley City, UT 84119
      View Details
    • Contact for pricing
      8,334 SF

      West Valley City Flex Space

      Flex space available for rent in West Valley City.
      2607 S Decker Lake Blvd, West Valley City, UT 84119
      View Details
    View Listing
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    West Valley City, UT 84119
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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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