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Property profile & analytics
FOR LEASE
Investment properties
2795 E Cottonwood Pkwy, Salt Lake City, UT 84121
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US86-0238499
For Lease
1 / 2
$34 SF/Yr
2795 E Cottonwood Pkwy, Salt Lake City, UT 84121
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1998
Construction
STEEL FRAME
Total area
138,480 SF
Lot
3 ac (130,680 SF)
Zoning code
O-R-D
APN
22-23-151-028
UPID
US86-0238499
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
-
Edelman Financial Engines Financial Advisor
-
Holman Investments & Planning Financial Advisor
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Blink Charging Station Electric Vehicle Charging Station
-
VacationRoost Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$29.40M
Comparable Approach
Comparable
$20.14M
Blend (final)
Blend
$24.77M
Owner & transaction history
Hgreit II Cottonwood Center Ll · 10 yrs held
Hgreit II Cottonwood Center Ll
since 2016
3 recorded transactions
Zoning & alternative use
O-R-D · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$38.2M
+130.0%
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 Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City 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%
$31,850,000
6.5%
$29,400,000
7%
$27,300,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,610,000
Current use
APARTMENT HOUSE (5+ UNITS)
$38,205,000
Change: +130% · Conversion: Moderate
RESTAURANT
$15,020,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$24.77M
Range $22.29M – $27.25M · ±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
$179 / 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
$349,689
Tax year 2023
Assessed value
$35,854,500
Assessed 2023
Previous assessed
$35,854,500
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$2,973,000
Assessed improvement
$32,881,500
Land market value
$2,973,000
Improvement market value
$32,881,500
Total market value
$35,854,500
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1998
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
3
Stories
6
Units
1
Total area
138,480 SF
Lot
3 ac (130,680 SF)
Zoning code
O-R-D
APN
22-23-151-028
UPID
US86-0238499
Jurisdiction
SALT LAKE
Zoning & alternative use
O-R-D · Salt Lake City, UT
Zoning O-R-D · permitted uses
O-R-D · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$16.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$38.2M
RESTAURANT
Est. value
$15.0M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1998
Construction
STEEL FRAME
Heating
HOT WATER
Stories
6
Buildings
3
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
Hgreit II Cottonwood Center Ll
Individual
Mailing address
2795 E COTTONWOOD PKWY, SALT LAKE CITY, UT 84121-7032
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2016
—
Hgreit II Cottonwood Center Ll
Nop Cottonwood Holdings LLC
Trustees Deed
$78,000,000 · Miscellaneous Ins Co
Jun 12, 2014
—
Nop Cottonwood Holdings LLC
Nop Cottonwood 2795 LLC
Special Warranty Deed
$85,000,000 · Wells Fargo Bank NA
Nov 17, 2005
—
Nop Cottonwood 2795 LLC
2795 E Cottonwood Parkway Lc
Quit Claim Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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