Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Apartment buildings
909 200th W Salt Lake City, UT 84101-3346
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-1371813
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Total area
15,875 SF
Lot
0.13 ac (5,663 SF)
Zoning code
FBUN2
APN
15-12-259-003
UPID
US86-1371813
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
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$548k
Blend (final)
Blend
$625k
Owner & transaction history
Ridge Town Homes LLC · 4 yrs held
Ridge Town Homes LLC
since 2022
7 recorded transactions
Zoning & alternative use
FBUN2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$855,000
+80.3%
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 Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City 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
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$475,000
Current use
INDUSTRIAL (GENERAL)
$855,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$39 / 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
$26,300
Tax year 2023
Assessed value
$4,837,000
Assessed 2023
Previous assessed
$4,837,000
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$473,700
Assessed improvement
$4,363,300
Land market value
$473,700
Improvement market value
$4,363,300
Total market value
$4,837,000
Applied tax rate
1.0000
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
2020
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Units
21
Rooms
12
Bathrooms
2
Total area
15,875 SF
Lot
0.13 ac (5,663 SF)
Zoning code
FBUN2
APN
15-12-259-003
UPID
US86-1371813
Jurisdiction
SALT LAKE
Zoning & alternative use
FBUN2 · Salt Lake City, UT
Zoning FBUN2 · permitted uses
FBUN2 · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$475,000
INDUSTRIAL (GENERAL)
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS) 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
2020
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Units
21
Rooms
12
Bathrooms
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
Ridge Town Homes LLC
Entity
Mailing address
920 UNDERHILL DR, ALAMO, CA 94507-2449
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
—
Ridge Town Homes LLC
Oz 4 Opportunity Fund LLC
Special Warranty Deed
$8,100,000 · Homestreet Bank
Aug 29, 2019
—
Oz4 Opportunity Fund LLC
909 South Properties LLC
Warranty Deed
—
Jun 18, 2012
—
909 South Properties LLC
921 South Properties LLC
Quit Claim Deed
related
—
Nov 23, 2011
—
921 South Properties LLC
Harvey Pulley
Quit Claim Deed
related
—
Sep 13, 2011
—
Harvey Pulley
Astill,dennis M
Trustees Deed
related
—
Feb 5, 2008
—
Matsuura INC
Bailey Greg R & Joni K Trust
Warranty Deed
$236,754 · Kmk2 LLC
Jun 6, 2006
—
Bailey Greg R & Joni K Trust
Bailey,greg R & Joni K
Quit Claim Deed
related
—
—
—
Virgil R Newkirk
—
Deed Of Trust
related
$65,850 · Centex Home Equity Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 909 200th W?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
