3676 S Redwood Rd West Valley City, UT 84119
Remotely operated self-storage facility with masonry construction, standing seam metal roofs, and upgraded security cameras.
Property Features for 3676 S Redwood Rd
General Information
- Standard status
- Active
- Size
- 9,592 SF
- Property subtype
- Self-Storage Facility
Building Details
- Year Built
- 1997
Listing office Marcus & Millichap | Salt Lake City (801) 736-2643
Listing date Jul 15, 2026
Source Marcusmillichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Salt Lake City
Investment Insights
Based on property information with market context.
Strong visibility and area household growth support continued demand. Directly next to the property, EDGE Homes is constructing Solari, a residential master planned development totaling roughly 300 units, including approximately 240 townhomes, 40 condominiums, and 15 single family detached homes.
Within the three-mile trade area, population is 131,293 and is expected to grow 2.95 percent over the next five years. The average household income is $90,011, with 48,255 households in the trade area. Through April 2026, revenue is trending nearly 11 percent higher than 2025.
Key Highlights
- Remotely operated self‑storage facility with historical occupancy north of 90% and little concession or discounting on rents
- Built in 1997 and 2001 with masonry exterior walls, standing seam metal roofs, and concrete drive aisles
- Security cameras recently upgraded to support remote management
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.6k | $13.20 |
| − Vacancy | −$9.1k | −$0.95 |
| EGI | $117.5k | $12.25 |
| − OpEx | −$17.6k | −$1.84 |
| NOI | $99.9k | $10.41 |
