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Property profile & analytics
OFF-MARKET
Flex space
1015 450th W, Springville, UT 84663-5644
Entity Owned
1-yr Hold
Free & Clear
Property ID
US86-0287347
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2014
Total area
14,198 SF
Lot
1 ac (43,604 SF)
APN
52-886-0014
UPID
US86-0287347
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
-
Wooden Things General Contractor
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
Chidester Rental Properties LLC · 1 yrs held
Chidester Rental Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
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 Springville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springville 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 2024Property tax & assessments
Tax year 2024
Tax billed
$12,882
Tax year 2024
Assessed value
$1,319,700
Assessed 2024
Previous assessed
$1,319,700
+0.0% YoY
Effective rate
0.98%
On assessed value
Land market value
$326,100
Improvement market value
$993,600
Total market value
$1,319,700
Applied tax rate
130.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2014
Heating
RADIANT
Cooling
YES
Stories
1
Total area
14,198 SF
Lot
1 ac (43,604 SF)
APN
52-886-0014
UPID
US86-0287347
Jurisdiction
UTAH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2014
Heating
RADIANT
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Chidester Rental Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1015 N 450TH W, SPRINGVILLE, UT 84663-5644
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Chidester Rental Properties LLC
Jesse L Chidester
Quitclaim Deed
related
—
Feb 8, 2023
—
Jesse L Chidester
Mountain West Small Business Financ
Lease
—
Aug 15, 2014
—
Chidester,jesse L & Amy R
—
Trustees Deed
related
$134,152 · Keybank Nat'l Assn/edgewood
Dec 12, 2006
—
Wooden Things LLC
Chidester,jesse L & Amy R
Grant Deed
related
$226,000 · Mountain West Small Business Financ
Dec 23, 2005
—
Jesse Chidester
Kema Dev LLC
Warranty Deed
$331,200 · Central Bank & Trust
Oct 3, 2005
—
Kema Dev LLC
Gq III Lc
Grant Deed
$1,400,000 · Gq III
—
—
Jesse L Chidester
—
Deed Of Trust
related
$70,000 · Mountain W Small Busn Fin
—
—
Jesse Chidester
—
Deed Of Trust
related
$160,850 · Central Bank & Trust
—
—
Jesse Chidester
—
Deed Of Trust
related
$127,800 · Central Bank & Trust
—
—
Jesse L Chidester
—
Deed Of Trust
related
$227,018 · Key Bank & Trust
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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