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Property profile & analytics
OFF-MARKET
Estimated value
$4,325,000
Specialty properties
2902 Lehman Ave West Valley City, UT 84119
Entity Owned
13-yr Hold
Free & Clear
Property ID
US86-0692200
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2013
Total area
319,133 SF
Lot
2.86 ac (124,582 SF)
Zoning code
CC
APN
15-33-127-011
UPID
US86-0692200
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
by Request
Blend (final)
Blend
$4.33M
Owner & transaction history
West Valley Stn Apartments LLC · 13 yrs held
West Valley Stn Apartments LLC
since 2013
3 recorded transactions
Zoning & alternative use
CC · West Valley City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 West Valley City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Valley 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$14 / 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
$392,981
Tax year 2023
Assessed value
$57,640,400
Assessed 2023
Previous assessed
$57,640,400
+0.0% YoY
Effective rate
0.68%
On assessed value
Assessed land
$3,407,800
Assessed improvement
$54,232,600
Land market value
$3,407,800
Improvement market value
$54,232,600
Total market value
$57,640,400
Applied tax rate
23.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2013
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Units
225
Total area
319,133 SF
Lot
2.86 ac (124,582 SF)
Zoning code
CC
APN
15-33-127-011
UPID
US86-0692200
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · West Valley City, UT
Zoning CC · permitted uses
CC · West Valley City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Valley City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
225
Lot
2.86 ac
Current owner
From public records · entity-resolved
West Valley Stn Apartments LLC
Entity
Free & Clear · 13 yrs held
Mailing address
978 E WOODOAK LN, SALT LAKE CITY, UT 84117-7265
Ownership since
2013
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
Jun 9, 2021
—
West Valley Station Apartments LLC
—
Deed
related
$34,121,400 · Key Bank NA
Jan 31, 2013
—
West Valley Stn Apartments LLC
Ico Multifamily Holdings LLC
Grant Deed
—
—
—
West Valley Stn Apartments LLC
—
Loan Modification
related
$26,619,100 · Prudential Huntoon Paige Assoc
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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