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Property profile & analytics
FOR LEASE
Investment properties
2825 Cottonwood Pkwy 500, Cottonwood Heights, UT 84121
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US86-0279625
For Lease
1 / 14
$129-$32,546/Mo
2825 Cottonwood Pkwy,Unit 500, Cottonwood Heights, UT 84121
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1997
Construction
STEEL FRAME
Total area
109,130 SF
Lot
3.67 ac (159,865 SF)
Zoning code
ORD
APN
22-23-151-019
UPID
US86-0279625
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
-
Nexus Orthopaedics Production Facility Factory
-
Avnet, Inc. Electronics & Wireless Store
-
Snider Law Group, PLLC Law Firm
-
Jessie Shepherd Counseling Counselor Mental Health Clinic
-
SemaConnect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.17M
Comparable Approach
Comparable
$16.72M
Blend (final)
Blend
$19.95M
Owner & transaction history
Hgreit II Cottonwood Center Ll · 10 yrs held
Hgreit II Cottonwood Center Ll
since 2016
3 recorded transactions
Zoning & alternative use
ORD · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$30.1M
+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 Cottonwood Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cottonwood Heights 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%
$25,100,000
6.5%
$23,170,000
7%
$21,515,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$13,090,000
Current use
APARTMENT HOUSE (5+ UNITS)
$30,105,000
Change: +130% · Conversion: Moderate
Blend value · Realmo final
$19.95M
Range $17.95M – $21.94M · ±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
$183 / 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
$290,441
Tax year 2023
Assessed value
$29,779,700
Assessed 2023
Previous assessed
$29,779,700
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$3,636,900
Assessed improvement
$26,142,800
Land market value
$3,636,900
Improvement market value
$26,142,800
Total market value
$29,779,700
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
1997
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
NONE
Buildings
3
Stories
5
Total area
109,130 SF
Lot
3.67 ac (159,865 SF)
Zoning code
ORD
APN
22-23-151-019
UPID
US86-0279625
Jurisdiction
SALT LAKE
Zoning & alternative use
ORD · Salt Lake City, UT
Zoning ORD · permitted uses
ORD · 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
$13.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.1M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
5
Buildings
3
Lot
3.67 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 2825 LLC
Quit Claim Deed
—
Nov 17, 2005
—
Nop Cottonwood 2825 LLC
2825 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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