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Property profile & analytics
OFF-MARKET
Estimated value
$7,985,000
Industrial properties
10052 Redwood Rd, South Jordan, UT 84095-9333
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0877696
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2019
Total area
89,353 SF
Lot
7.44 ac (324,086 SF)
Zoning code
MU-RD
APN
27-10-377-030
UPID
US86-0877696
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
$9.02M
Comparable Approach
Comparable
$6.95M
Blend (final)
Blend
$7.99M
Owner & transaction history
Merit Medical Systems INC · 7 yrs held
Merit Medical Systems INC
since 2019
3 recorded transactions
Zoning & alternative use
MU-RD · South Jordan, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.8M
+174.0%
Restaurant
$9.1M
+93.8%
Medical building
$7.1M
+51.6%
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 South Jordan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Jordan 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%
$9,770,000
6.5%
$9,020,000
7%
$8,375,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,835,000
Change: +174% · Conversion: Difficult
RESTAURANT
$9,080,000
Change: +94% · Conversion: Difficult
MEDICAL BUILDING
$7,100,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,515,000
Change: +39% · Conversion: Difficult
RETAIL STORES
$6,465,000
Change: +38% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,175,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$7.99M
Range $7.19M – $8.78M · ±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
$89 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$321,568
Tax year 2024
Assessed value
$33,580,600
Assessed 2024
Previous assessed
$33,580,600
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$6,157,600
Assessed improvement
$27,423,000
Land market value
$6,157,600
Improvement market value
$27,423,000
Total market value
$33,580,600
Applied tax rate
38.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2019
Heating
HOT WATER
Buildings
2
Stories
1
Rooms
7
Bathrooms
2
Total area
89,353 SF
Lot
7.44 ac (324,086 SF)
Zoning code
MU-RD
APN
27-10-377-030
UPID
US86-0877696
Jurisdiction
SALT LAKE
Zoning & alternative use
MU-RD · South Jordan, UT
Zoning MU-RD · permitted uses
MU-RD · South Jordan, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Jordan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$12.8M
RESTAURANT
Est. value
$9.1M
MEDICAL BUILDING
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
RETAIL STORES
Est. value
$6.5M
WAREHOUSE, STORAGE
Est. value
$6.2M
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
2019
Heating
HOT WATER
Stories
1
Buildings
2
Rooms
7
Bathrooms
2
Lot
7.44 ac
Current owner
From public records · entity-resolved
Merit Medical Systems INC
Entity
Free & Clear · 7 yrs held
Mailing address
1600 W MERIT PKWY, SOUTH JORDAN, UT 84095-2416
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2019
—
Merit Medical Systems INC
Merit Medical Systems INC
Quit Claim Deed
related
—
Jan 9, 2018
—
Merit Medical Systems INC
Klotovich Joe Trust
Warranty Deed
related
—
Sep 13, 2013
—
Klotovich,joe Trust
Klotovich Joe Trust
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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