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    Property profile & analytics

    7048 900th E Midvale, UT 84047-1722

    • Motels
    • 27,132 SF
    • 1.25 lot acres
    OFF-MARKET
    Last Sale
    Mar 30, 2021
    Value Estimations
    $1,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1074841
    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

    • Motels

    Property Details for 7048 900th E

    Year built
    1999
    Lot size
    1.25 lot acres
    Property size
    27,132 SF
    Zone code
    RC
    Property type
    Motels
    APN
    22-29-126-020
    APU
    2229126020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $900,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,700,000
      6.5%
      $1,570,000
      7%
      $1,460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Midvale
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.867
    Latitude
    40.6233
    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
    $26,959
    $1,111,500
    $1,300,700
    $2,412,200
    -
    $1,111,500
    $1,300,700
    $2,412,200

    Comparable in this City

    • Value Estimation
      $1,800,000
      41,622 SF

      280 7200th S

      HOTEL/MOTEL • 41,622 SF
      280 7200th S, Midvale, UT 84047-1043
      View Details
    • Value Estimation by Request
      2,754 SF

      7353 State St

      MOTEL • 2,754 SF
      7353 State St, Midvale, UT 84047-2012
      View Details
    • Value Estimation
      $3,095,000
      73,442 SF

      844 En Un Ave

      HOTEL/MOTEL • 73,442 SF
      844 En Un Ave, Midvale, UT 84047-5111
      View Details
    • Value Estimation
      $2,390,000
      57,463 SF

      151 7200th S

      HOTEL/MOTEL • 57,463 SF
      151 7200th S, Midvale, UT 84047-3722
      View Details
    • Value Estimation
      $1,735,000
      37,074 SF

      7263 Catalpa Rd

      MOTEL • 37,074 SF
      7263 Catalpa Rd, Midvale, UT 84047-7396
      View Details
    • Value Estimation
      $2,580,000
      56,750 SF

      7231 Catalpa Rd

      HOTEL/MOTEL • 56,750 SF
      7231 Catalpa Rd, Midvale, UT 84047-7396
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,060 SF

      Restaurant Property in High-Traffic Area

      4,500 SF restaurant on 1.08 acres with ample parking.
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    • $1,500,000
      0.18 Acres

      Turn-Key Business Opportunity in Midvale

      Established business for sale with building, land, license, and assets.
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    • $550,000
      1,382 SF

      Midvale Duplex with Strong Income

      Turn-key duplex near downtown Midvale with excellent tenants.
      620 W 2Nd Ave, Midvale, UT 84047
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    • $11,900,000
      105.00 Acres

      105-Acre Commercial Land, Tooele, UT

      Prime Tooele County land, ideal for industrial development.
      0 Ut-36, Midvale, UT 84047
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    • Contact for pricing
      1,684 SF

      Modern Townhouse with Rooftop Decks

      Stylish, low-maintenance townhouse in a vibrant, walkable community.
      1059 W Rooftop Dr S, Midvale, UT 84047
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    • $1,655,889
      7,128 SF

      Midvale Commercial Condo For Sale

      Commercial condo in a prime Midvale location with tenant.
      623 E Fort Union Blvd, Midvale, UT 84047
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,490 SF

      Retail Space in Movie Theater Center

      Retail space available in a movie theater anchored shopping center.
      7624-7634 S Union Park Ave, Midvale, UT 84047
      View Details
    • $4,800 /Mo
      7,823 SF

      Midvale Flex Space Available

      Flex space with GL door, restroom, and office, centrally located.
      7638 State St, Midvale, UT 84047
      View Details
    • Contact for pricing
      8,260 SF

      Retail Space with Ample Parking

      Retail space with convenient access and generous parking available for lease.
      74 W 7200 S, Midvale, UT 84047
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    • Contact for pricing
      114,364 SF

      Midvale Warehouse and Distribution Space

      114,364 SF warehouse with office space available for lease.
      7036 S High Tech Dr, Midvale, UT 84047
      View Details
    • Contact for pricing
      2,050 SF

      Industrial Space Available For Lease

      Industrial property featuring 2,050 square feet available for lease.
      656-672 W 7250 S, Midvale, UT 84047
      View Details
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    7048 900th E
    Midvale, UT 84047-1722
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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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