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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Community centers
3651 Market Ctr Dr Riverton, UT 84065-4708
Trust Owned
Free & Clear
Property ID
US86-0217202
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2010
Total area
32,632 SF
Lot
3.77 ac (164,221 SF)
Zoning code
CR
APN
27-32-376-002
UPID
US86-0217202
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
-
Wallaroo's Furniture and Mattresses Furniture & Home Goods Home Decor Store
-
Deseret Book (Bike/Boat/Book/etc) Store Religious Bookstore
-
Phantom Fireworks Stand Discount Store Party Supply Store
-
Spirit Halloween (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.43M
Owner & transaction history
Nielsen Ranch Trust
Nielsen Ranch Trust
since 2025
5 recorded transactions
Zoning & alternative use
CR · Riverton, 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 Riverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverton 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
$1,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,930,000
Current use
INDUSTRIAL (GENERAL)
$1,715,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.29M – $1.57M · ±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
$44 / 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
$71,569
Tax year 2023
Assessed value
$6,422,800
Assessed 2023
Previous assessed
$6,422,800
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,155,400
Assessed improvement
$4,267,400
Land market value
$2,155,400
Improvement market value
$4,267,400
Total market value
$6,422,800
Applied tax rate
42.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Stories
1
Units
3
Total area
32,632 SF
Lot
3.77 ac (164,221 SF)
Zoning code
CR
APN
27-32-376-002
UPID
US86-0217202
Jurisdiction
SALT LAKE
Zoning & alternative use
CR · Riverton, UT
Zoning CR · permitted uses
CR · Riverton, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER Current
INDUSTRIAL (GENERAL)
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
2010
Heating
FORCED AIR
Stories
1
Units
3
Lot
3.77 ac
Current owner
From public records · entity-resolved
Nielsen Ranch Trust
Trust
Free & Clear · 0 yrs held
Mailing address
4528 S STATE ST, SALT LAKE CITY, UT 84107-3814
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
Nielsen Ranch Trust
Vl Ream LLC
Warranty Deed
—
Dec 30, 2010
—
Vl Ream LLC
Tcd LLC
Warranty Deed
—
Dec 8, 2010
—
Tcd LLC
Riverton Depot 10 LLC
Warranty Deed
—
May 19, 2010
—
Riverton Depot 10 LLC
Riverton Depot LLC
Quit Claim Deed
—
—
—
Vl Ream LLC
—
Deed Of Trust
related
$2,500,000 · Tcd LLC
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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