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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Investment properties
960 Levoy Dr Salt Lake City, UT 84123-2502
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US86-0700817
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,848 SF
Lot
3.48 ac (151,589 SF)
Zoning code
RD
APN
21-02-401-001
UPID
US86-0700817
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
Current use
Occupant on record · Public records
-
ALS Environmental Laboratory Environmental Health Service
-
LakeHouse Studios Recording Studio
-
Utah Creative Chamber Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
Sorens Building 960 LLC · 5 yrs held
Sorens Building 960 LLC
since 2021
5 recorded transactions
Zoning & alternative use
RD · 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
$42 / 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
$57,136
Tax year 2023
Assessed value
$5,054,900
Assessed 2023
Previous assessed
$5,054,900
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,004,700
Assessed improvement
$4,050,200
Land market value
$1,004,700
Improvement market value
$4,050,200
Total market value
$5,054,900
Applied tax rate
61.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
1
Total area
58,848 SF
Lot
3.48 ac (151,589 SF)
Zoning code
RD
APN
21-02-401-001
UPID
US86-0700817
Jurisdiction
SALT LAKE
Zoning & alternative use
RD · Salt Lake City, UT
Zoning RD · permitted uses
RD · 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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
3.48 ac
Current owner
From public records · entity-resolved
Sorens Building 960 LLC
Entity
Mailing address
20 W CENTURY PARK WAY, SOUTH SALT LAKE, UT 84115-3508
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2021
—
Sorens Building 960 LLC
Lsref4 Dual LLC
Special Warranty Deed
$4,575,000 · American Fidelity Assurance Company
Jan 20, 2016
—
Isref4 Dual LLC
Bre West Pooled Office Owner LLC
Special Warranty Deed
—
Jul 20, 2015
—
Bre West Pooled Office Owner L
Arden Realty LP
Grant Deed
—
Aug 16, 2007
—
Arden Realty
Carr Carp Properties LLC
Grant Deed
related
—
Aug 15, 2006
—
Carr Carp Properties LLC
Carramerica Realty LP
Limited Warranty Deed
—
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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