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Property profile & analytics
OFF-MARKET
Estimated value
$440,000
Investment properties
3006 Highland Dr Millcreek, UT 84106-4091
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0341258
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,624 SF
Lot
0.56 ac (24,394 SF)
Zoning code
C-3
APN
16-29-280-020
UPID
US86-0341258
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
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$440k
Owner & transaction history
Highland Office Properties LLC · 1 yrs held
Highland Office Properties LLC
since 2024
3 recorded transactions
Zoning & alternative use
C-3 · Millcreek, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Commercial Zone is to provide areas for larger scale community commercial development. Such zones cater to regional markets and generate traffic from a much larger regional area.
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
89.76 ac
Source
Realmo
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 Millcreek submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millcreek 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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$440k
Range $396k – $484k · ±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
$35 / 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
$10,498
Tax year 2023
Assessed value
$909,900
Assessed 2024
Previous assessed
$909,900
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$524,200
Assessed improvement
$385,700
Land market value
$524,200
Improvement market value
$385,700
Total market value
$909,900
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
Off-Market
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
7
Total area
12,624 SF
Lot
0.56 ac (24,394 SF)
Zoning code
C-3
APN
16-29-280-020
UPID
US86-0341258
Jurisdiction
SALT LAKE
Zoning & alternative use
C-3 · Millcreek, UTZoning C-3 · permitted uses
C-3 · Millcreek, 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 Commercial Zone is to provide areas for larger scale community commercial development. Such zones cater to regional markets and generate traffic from a much larger regional area.
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
89.76 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
7
Lot
0.56 ac
Current owner
From public records · entity-resolved
Highland Office Properties LLC
Entity
Mailing address
5124 S JORDAN CANAL RD STE #200, TAYLORSVILLE, UT 84129-2206
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 30, 2024
—
Highland Office Properties LLC
Abana Apts
Special Warranty Deed
$1,200,000 · Abana Apts
Nov 29, 2002
—
Abana Apartments
5m Investors
Quit Claim Deed
related
—
—
—
5-m Investors
—
Deed Of Trust
related
$160,000 · Zions First National Bank
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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