Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7304 Cottonwood St Midvale, UT 84047-1963
    Back to Search
    Property profile & analytics

    7304 Cottonwood St, Midvale, UT 84047-1963

    View on Map
    • Residential income homes
    • 331,257 SF
    • 3.03 lot acres
    Off-Market
    Property ID
    US86-0530057
    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.
    Value Estimations
    $28,685,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 7304 Cottonwood St

    Year built
    2020
    Lot size
    3.03 lot acres
    Zone code
    TOD
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    21-25-251-033
    APU
    2125251033

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 8, 1996 — Village Communities Lc — Deed Of Trust · related $1.8M · Washington Fed'l Svgs

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $29,899,000
      Market price range: $16.2M - $141M

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

    Location Insight

    • Map
    • Local Demand
    City
    Midvale
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.901
    Latitude
    40.6193
    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
    $190,945
    $2,534,900
    $29,808,400
    $32,343,300
    -
    $2,534,900
    $29,808,400
    $32,343,300

    Comparable in this City

    • Value Estimation by Request
      434,415 SF

      935 Es Un Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      935 Es Un Ave, Midvale, UT 84047-2376
      View Details
    • Value Estimation
      $1,915,000
      11,802 SF

      8452 State St

      APARTMENT HOUSE (5+ UNITS)
      8452 State St, Midvale, UT 84047-3601
      View Details
    • Value Estimation
      $625,000
      4,356 SF

      316 Ft Un Blvd

      APARTMENT HOUSE (5+ UNITS)
      316 Ft Un Blvd, Midvale, UT 84047-2210
      View Details
    • Value Estimation
      $7,635,000
      47,193 SF

      8283 Main St

      APARTMENT HOUSE (5+ UNITS)
      8283 Main St, Midvale, UT 84047-7371
      View Details
    • Value Estimation
      $910,000
      9,663 SF

      95 Ctr St

      APARTMENT HOUSE (5+ UNITS)
      95 Ctr St, Midvale, UT 84047
      View Details
    • Value Estimation
      $1,610,000
      16,861 SF

      129 Ctr St

      APARTMENT HOUSE (5+ UNITS)
      129 Ctr St, Midvale, UT 84047
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $575,000
      2,011 SF

      Non-Conforming Duplex with Income Potential

      Fully occupied duplex with mother-in-law apartment and updated kitchens.
      7879 S Oak St, Midvale, UT 84047
      View Details
    • $650,000
      2,964 SF

      Updated Duplex in Midvale

      Income-producing duplex with updates, ideal for investment or house hacking.
      254 W Pioneer Cir, Midvale, UT 84047
      View Details
    • $617,500

      Duplex Residential Income Property

      Two-unit residential property for sale, suited for income-focused ownership or owner-occupancy flexibility.
      1106 South Union Ave, Midvale, UT 84047
      View Details
    • $2,900,000
      13,040 SF

      Midvale Fourplex: Income-Producing Twin Homes

      Luxury fourplex built in 2022, offering exceptional rental income.
      7045 S 300 E, Midvale, UT 84047
      View Details
    • Contact for pricing
      5,248 SF

      Restaurant Property in High-Traffic Area

      4,500 SF restaurant on 1.08 acres with ample parking.
      7495 S Union Park Ave, Midvale, UT 84047
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Midvale Executive Office Space Available

      Executive office building with high visibility and convenient access.
      411 W 7200 S, Midvale, UT 84047
      View Details
    • Contact for pricing

      Midvale Retail Space For Rent

      Retail space available in Midvale Main Street redevelopment.
      7718 S Main St, Midvale, UT 84047
      View Details
    • Contact for pricing
      2,568 SF

      Modern Office Space Available

      Prime office space in a top commercial hub.
      6955 S Union Park Ctr, Midvale, UT 84047
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space on Fort Union

      1,500 SF retail space with front and back entrances.
      579-589 E Fort Union Blvd, Midvale, UT 84047
      View Details
    • $16 SF/Yr

      Main Street Retail/Office Space

      Convertible retail/office space in downtown Midvale with parking.
      7676 S Main St, Salt Lake City, UT 84047
      View Details
    • $29 SF/Yr
      61,380 SF

      Midvale Office Space Available

      61,380 SF office space for lease in Midvale.
      910 Legacy Center Way, Midvale, UT 84047
      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.
    7304 Cottonwood St
    Midvale, UT 84047-1963
    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

    Thank You for Inquiry
    7304 Cottonwood St, Midvale, UT, 84047
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!