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Property profile & analytics
OFF-MARKET
Estimated value
$1,915,000
Apartment buildings
8452 State St, Midvale, UT 84047-3601
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US86-1340282
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1997
Construction
STEEL FRAME
Total area
11,802 SF
Lot
1.56 ac (67,954 SF)
Zoning code
C-2
APN
21-36-477-006
UPID
US86-1340282
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.92M
Owner & transaction history
8452 S State LLC · 7 yrs held
8452 S State LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-2 · Midvale, 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 Midvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midvale 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,925,000
6.5%
$1,775,000
7%
$1,650,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,835,000
Current use
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±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
$162 / 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
$39,904
Tax year 2023
Assessed value
$3,573,700
Assessed 2023
Previous assessed
$3,573,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$703,300
Assessed improvement
$2,870,400
Land market value
$703,300
Improvement market value
$2,870,400
Total market value
$3,573,700
Applied tax rate
30.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Units
8
Total area
11,802 SF
Lot
1.56 ac (67,954 SF)
Zoning code
C-2
APN
21-36-477-006
UPID
US86-1340282
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Midvale, UT
Zoning C-2 · permitted uses
C-2 · Midvale, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midvale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
APARTMENT HOUSE (5+ UNITS) Current
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
1997
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Units
8
Lot
1.56 ac
Current owner
From public records · entity-resolved
8452 S State LLC
Entity
Mailing address
8488 S STATE ST, MIDVALE, UT 84047-3637
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2019
—
8452 S State LLC
—
Deed
related
$1,051,000 · Mountain W Small Busn Fin
Dec 7, 2018
—
8452 S State LLC
Gerald A Logan
Special Warranty Deed
$1,270,000 · First Bank Financial Centre
Aug 2, 2016
—
Gerald A Logan
Adb Investments LLC Light Hse
Warranty Deed
$1,500,000 · Adb Investments LLC #light Hse
Nov 23, 2010
—
Adb Investments LLC
Fae Holdings 388661r LLC
Warranty Deed
—
Jan 8, 2007
—
Fae Holdings 388661r LLC
Celtic Bank Corp
Warranty Deed
$1,512,385 · Ardell Brown
Sep 19, 2006
$1,550,000
Celtic Bank Corp
Howell,reese S
Trustees Deed
related
—
Nov 29, 2004
—
Pier Marine INC
—
Trustees Deed
related
$275,601 · Bank Of Utah
—
—
8452 S State LLC
—
Deed Of Trust
related
$1,051,000 · Mountain W Small Busn Fin
—
—
Pier Marine INC
—
Deed Of Trust
related
$162,453 · Draper Bank & Trust
—
—
Pier Marine INC
—
Deed Of Trust
related
$660,840 · Draper Bank & Trust
—
—
Pier Marine INC
—
Deed Of Trust
related
$155,000 · Draper Bank & Trust
—
—
Pier Marine INC
—
Deed Of Trust
related
$863,000 · Us Bank NA
—
—
Pier Marine INC
—
Deed Of Trust
related
$1,200,000 · Celtic Bank Corp
—
—
Pier Marine INC
—
Deed Of Trust
related
$435,000 · Bank Of Utah
—
—
84 Marine Pier
—
Deed Of Trust
related
$20,520 · Draper Bank & Trust
—
—
Pier Marine INC
—
Deed Of Trust
related
$82,559 · Draper Bank & Trust
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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