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Property profile & analytics
OFF-MARKET
Sports & entertainment properties
9229 Kessler Vw Ln, Salt Lake City, UT 84121
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0624105
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2019
Total area
1,216 SF
Lot
1.29 ac (56,192 SF)
Zoning code
6122
APN
24-18-103-005
UPID
US86-0624105
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Vordenberg Family Trust · 7 yrs held
Vordenberg Family Trust
since 2019
7 recorded transactions
Zoning & alternative use
6122 · Salt Lake City, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,834
Tax year 2023
Assessed value
$844,100
Assessed 2023
Previous assessed
$844,100
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$398,100
Assessed improvement
$446,000
Land market value
$398,100
Improvement market value
$446,000
Total market value
$844,100
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2019
Heating
CENTRAL
Stories
2
Rooms
10
Bathrooms
2
Total area
1,216 SF
Lot
1.29 ac (56,192 SF)
Zoning code
6122
APN
24-18-103-005
UPID
US86-0624105
Jurisdiction
SALT LAKE
Zoning & alternative use
6122 · Salt Lake City, UT
Zoning 6122 · permitted uses
6122 · 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.
Building & site characteristics
From public records
Year built
2019
Heating
CENTRAL
Stories
2
Rooms
10
Bathrooms
2
Lot
1.29 ac
Current owner
From public records · entity-resolved
Vordenberg Family Trust
Trust
Mailing address
633 E 8TH AVE, SALT LAKE CITY, UT 84103-3124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jun 22, 2021
—
Peter F Vordenberg
—
Deed
related
$439,000 · Flagstar Bank Fsb
Jan 10, 2020
—
Peter F Vordenberg
—
Deed
related
$540,000 · Flagstar Bank Fsb
May 31, 2019
—
Vordenberg Family Trust
Vordenberg,peter
Quit Claim Deed
related
—
Sep 20, 2017
—
Barbara Jones
Frederick Cruser Rowland JR
Warranty Deed
$31,000 · American United Family Credit Union
Jul 16, 2008
—
Frederick C Rowland JR.
Rowland,cruser
Quit Claim Deed
—
Sep 14, 2006
—
Cruser Rowland
Hansen Levern Family Trust
Warranty Deed
—
Jul 25, 2006
—
Cruser Rowland
—
Trustees Deed
related
$282,000 · Home Savings Bank Fsb
—
—
Frederick C Rowland JR.
—
Deed Of Trust
related
$362,500 · Home Savings Bank Fsb
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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