Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3423 Decker Lake Dr West Valley City, UT 84119

    • Mobile home & RV parks
    • 0.67 lot acres
    For Sale
    View listing
    $499,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0810448
    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.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 3423 Decker Lake Dr

    Lot size
    0.67 lot acres
    Zone code
    C-2
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds
    APN
    15-27-351-030
    APU
    1527351030

    Description

    This exceptional 0.67-acre commercial land parcel in West Valley City, Utah, presents a compelling investment opportunity. Located at 3423 Decker Lake Drive, 84119, this property boasts a highly desirable location near The Maverik Center, within a rapidly expanding area characterized by a dense concentration of hotels and restaurants. The site benefits from significant daily traffic counts, enhanced by recently resurfaced parking. Its strategic positioning offers easy access to I-215 and 3500 South, ensuring excellent visibility and convenient accessibility. The property's potential is further amplified by its designation as an Opportunity Zone, offering potential tax advantages. The asking price is $499,000. A drive-through option is possible, making it suitable for a variety of commercial uses. This is a rare chance to acquire a well-situated commercial lot in a thriving area of Salt Lake County. Don't miss this chance to capitalize on the growth potential of this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Valley City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.947
    Latitude
    40.6981
    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
    $5,567
    $407,600
    $41,500
    $449,100
    -
    $407,600
    $41,500
    $449,100

    Comparable in this City

    • Value Estimation
      $1,080,000
      3,862 SF

      2800 Hampton Park Dr

      MOBILE HOME PARK, TRAILER PARK • 3,862 SF
      2800 Hampton Park Dr, West Valley City, UT 84119-7025
      View Details
    • Value Estimation
      $925,000
      6,876 SF

      3501 Casino Camino St

      MOBILE HOME PARK, TRAILER PARK • 6,876 SF
      3501 Casino Camino St, West Valley City, UT 84119
      View Details
    • Value Estimation
      $1,215,000
      7,304 SF

      2771 2670th W

      MOBILE HOME PARK, TRAILER PARK • 7,304 SF
      2771 2670th W, West Valley City, UT 84119-1956
      View Details
    • Value Estimation by Request
      1,000 SF

      1755 3100th S

      MOBILE HOME PARK, TRAILER PARK • 1,000 SF
      1755 3100th S, West Valley City, UT 84119-3060
      View Details
    • Value Estimation
      $1,050,000
      3,276 SF

      1232 Rock Riv Rd

      MOBILE HOME PARK, TRAILER PARK • 3,276 SF
      1232 Rock Riv Rd, West Valley City, UT 84119-7923
      View Details
    • Value Estimation
      $800,000
      8,836 SF

      3040 Homecrest Dr

      MOBILE HOME PARK, TRAILER PARK • 8,836 SF
      3040 Homecrest Dr, West Valley City, UT 84119-3016
      View Details

    Similar Nearby for Sale

    • $310,000

      West Valley City Ground Floor Condo

      Accessible ground floor condo near Redwood Rd in West Valley.
      3821 S Kingsbury Ln W, West Valley City, UT 84119
      View Details
    • $450,000
      1,092 SF

      West Valley City Duplex For Sale

      Well-located duplex with remodeled unit and income potential.
      1461 W Sunset Ave, West Valley City, UT 84119
      View Details
    • $445,000
      1,144 SF

      West Valley City Duplex Investment

      Side-by-side duplex with reliable tenants and solid rental income.
      4151 S 3200 W, West Valley City, UT 84119
      View Details
    • $499,900
      1,672 SF

      West Valley Multifamily Investment Opportunity

      Multifamily property near I-215 and I-15 in West Valley.
      2339 S Derby St W, West Valley City, UT 84119
      View Details
    • $485,000
      1,374 SF

      Charming West Valley City Duplex

      Well-maintained duplex in a thriving West Valley City location.
      2876 W 2730 S, West Valley City, UT 84119
      View Details
    • $530,000
      1,198 SF

      West Valley City Duplex Investment

      Duplex with consistent rental income, near transit and shopping.
      2483 W Robin Rd, West Valley City, UT 84119
      View Details

    Similar Nearby for Lease

    • $0.95 SF/Yr
      20,000 SF

      Salt Lake County Warehouse Space

      20,000 SF Warehouse, Ideal Location
      1032 2610, South Salt Lake, UT 84119
      View Details
    • $13 SF/Yr
      6,974 SF

      West Valley Office Space Available

      Class A Office Suites, Salt Lake County
      1455 S St, West Valley City, UT 84119
      View Details
    • Contact for pricing
      124,371 SF

      Central Valley Warehouse Space

      124,371 SF Warehouse, 34,610 SF Vacant
      3125-3141 1030, South Salt Lake, UT 84119
      View Details
    • Contact for pricing
      345,000 SF

      West Valley City Warehouse - 345,000 SF

      Class A warehouse, 345,000 sq ft, 18 acres.
      2300 S St, West Valley City, UT 84119
      View Details
    • Contact for pricing
      10,936 SF

      Salt Lake Warehouse with SR-201 Frontage

      10,936 SF warehouse with immediate access to SR-201.
      3284 W 2100 S, Salt Lake City, UT 84119
      View Details
    • Contact for pricing
      2,345 SF

      West Valley City Warehouse Space

      5,385 SF warehouse space with dock high door.
      2150 W Parkway Blvd, West Valley City, UT 84119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3423 Decker Lake Dr
    West Valley City, UT 84119
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.