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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4568 700th E Salt Lake City, UT 84107-4240

    • Apartment buildings
    • 8,711 SF
    • 2.60 lot acres
    OFF-MARKET
    Value Estimations
    $1,030,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0906290
    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

    • Madrona Townhomes / Apartment Complex / Townhouse Complex

    Property Details for 4568 700th E

    Year built
    2014
    Lot size
    2.60 lot acres
    Property size
    8,711 SF
    Zone code
    R-M-15
    Property type
    Apartment buildings
    APN
    22-06-430-044-4001
    APU
    22064300444001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,142,000
      Market price range: $60.0k - $1.14M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $645,000
      Current use
      MEDICAL BUILDING
      $1,260,000
      Change: +95% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $855,000
      Change: +33% Conversion: Moderate
      RESTAURANT
      $830,000
      Change: +29% Conversion: Difficult
      WAREHOUSE, STORAGE
      $815,000
      Change: +26% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $695,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.873
    Latitude
    40.6726
    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
    $63,409
    $2,356,900
    $12,751,900
    $15,108,800
    -
    $2,356,900
    $12,751,900
    $15,108,800

    Comparable in this City

    • Value Estimation
      $4,985,000
      314,604 SF

      3993 Main St

      APARTMENT HOUSE (100+ UNITS) • 314,604 SF
      3993 Main St, Salt Lake City, UT 84107-1416
      View Details
    • Value Estimation by Request
      2,394 SF

      659 Nikita Cv

      APARTMENT HOUSE (5+ UNITS) • 2,394 SF
      659 Nikita Cv, Salt Lake City, UT 84107-5334
      View Details
    • Value Estimation by Request
      2,436 SF

      658 Nikita Cv

      APARTMENT HOUSE (5+ UNITS) • 2,436 SF
      658 Nikita Cv, Salt Lake City, UT 84107-5334
      View Details
    • Value Estimation
      $6,765,000
      555,487 SF

      4202 Artesian Wl Ln

      APARTMENT HOUSE (100+ UNITS) • 555,487 SF
      4202 Artesian Wl Ln, Salt Lake City, UT 84107-1206
      View Details
    • Value Estimation
      $625,000
      11,497 SF

      4520 200th E, Unit 1

      APARTMENT HOUSE (5+ UNITS) • 11,497 SF
      4520 200th E, Salt Lake City, UT 84107-3866
      View Details
    • Value Estimation
      $1,190,000
      10,076 SF

      624 5400th S

      APARTMENT HOUSE (5+ UNITS) • 10,076 SF
      624 5400th S, Salt Lake City, UT 84107-6472
      View Details

    Similar Nearby for Sale

    • New
      $3,610,000
      9,800 SF

      New Townhomes in Millcreek

      Seven new rental townhomes in the heart of Millcreek.
      884 E Rowley Dr, Salt Lake City, UT 84107
      View Details
    • $9,500,000
      38,374 SF

      Renovated Multifamily Property in Murray

      Newly renovated 39-unit multifamily property in the heart of Murray, Utah.
      404 E 5600 S, Salt Lake City, UT 84107
      View Details
    • $409,999
      1,320 SF

      Spacious Top-Floor Condo with Updates

      Updated 2-bedroom, 2-bath condo in Waylan Station Old Farm community.
      657 E 4065 S, Salt Lake City, UT 84107
      View Details
    • $304,900

      Move-In Ready Condo Near TRAX

      Modern 2-bed, 2-bath condo with amenities and convenient location.
      4276 S Main St, Salt Lake City, UT 84107
      View Details
    • New
      $7,220,000
      19,600 SF

      New Townhomes in Millcreek

      14 new townhomes with premium finishes in Millcreek, Utah.
      884 Rowley Dr, Salt Lake City, UT 84107
      View Details
    • $639,500
      2,048 SF

      Remodeled Duplex with Income Potential

      Updated duplex in Millcreek with potential for additional units.
      4401 S 700 E, Millcreek, UT 84107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Prime Murray Flex Space Available

      10,000 SF Flex Space - Ideal Location
      135 6100, Murray, UT 84107
      View Details
    • $23 SF/Yr
      54,441 SF

      Commerce Park III Office Space

      Murray, UT Office Suites Available
      488 Winchester St, Murray, UT 84107
      View Details
    • Contact for pricing
      243,057 SF

      Industrial Property with Trailer Stalls

      Industrial property featuring trailer stalls and additional storage yard.
      4209 W Central Ave, Salt Lake City, UT 84107
      View Details
    • $15 SF/Yr
      1,850 SF

      Updated Office Suites Near I-15

      Main floor office suites with updated features and convenient access.
      740 E 3900 S, Salt Lake City, UT 84107
      View Details
    • $16 SF/Yr
      4,620 SF

      Updated Office Space For Rent

      Updated office space in ideal location with abundant amenities.
      5286-5288 Commerce Dr, Murray, UT 84107
      View Details
    • $1.40 SF/Yr
      2,284 SF

      Salt Lake City Industrial Space

      Industrial space with convenient access to I-15 and Trax.
      5047-5051 S Commerce Dr, Salt Lake City, UT 84107
      View Details
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    4568 700th E
    Salt Lake City, UT 84107-4240
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    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
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