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Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Warehouses
1025 700th W Salt Lake City, UT 84104-1504
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US86-0158491
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,965 SF
Lot
2.64 ac (114,998 SF)
Zoning code
M1
APN
15-12-301-002
UPID
US86-0158491
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
-
SLC Life Coaching Life Coach Alcoholism Treatment Program
-
Stone Ground Bakery Bakery Specialty Food Shop
-
Information & Referral Center Social Service Agency Charitable Organization
-
Salt Lake County Aging Services Social Service Agency Charitable Organization
-
Community Services Council - Food Distribution Center Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.51M
Owner & transaction history
Stone Ground Real Estate LLC · 15 yrs held
Stone Ground Real Estate LLC
since 2010
7 recorded transactions
Zoning & alternative use
M1 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$24 / 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
$60,623
Tax year 2024
Assessed value
$6,361,900
Assessed 2024
Previous assessed
$6,361,900
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,795,800
Assessed improvement
$4,566,100
Land market value
$1,795,800
Improvement market value
$4,566,100
Total market value
$6,361,900
Applied tax rate
1.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Total area
62,965 SF
Lot
2.64 ac (114,998 SF)
Zoning code
M1
APN
15-12-301-002
UPID
US86-0158491
Jurisdiction
SALT LAKE
Zoning & alternative use
M1 · Salt Lake City, UT
Zoning M1 · permitted uses
M1 · 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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Lot
2.64 ac
Current owner
From public records · entity-resolved
Stone Ground Real Estate LLC
Entity
Mailing address
PO BOX 581078, SALT LAKE CITY, UT 84158-1078
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2019
—
Stone Ground Real Estate LLC
—
Deed
related
$500,000 · Dynasty Mort Trust (pt)
May 31, 2018
—
Stone Ground Real Estate LLC
—
Deed
related
$1,486,000 · Mountain W Small Busn Fin
Jan 11, 2017
—
Stone Ground Real Estate LLC
—
Trustees Deed
related
$1,445,000 · Us Bk
Sep 30, 2010
—
Stone Ground Real Estate LLC
Utah Food Bank Services
Grant Deed
$1,600,000 · Utah Food Bank
Dec 23, 2009
—
Utah Food Bank
—
Deed Of Trust
related
$11,378,250 · Nff New Markets Fund III LLC
Feb 4, 2008
—
Utah Food Bank Services
Utah Food Bank Services
Quit Claim Deed
$6,000,000 · Zions First National Bank
—
—
Stone Ground Real Estate LLC
—
Deed Of Trust
related
$433,366 · Schmerse Hans & Martha Tr (pt)
—
—
Stone Ground Real Estate LLC
—
Deed Of Trust
related
$1,144,525 · Michael E & Tammy Hines
—
—
Stone Ground Real Estate LLC
—
Deed Of Trust
related
$500,000 · Dynasty Mort Trust (pt)
—
—
Utah Food Bank Services
—
Deed Of Trust
related
—
—
—
Stone Ground Real Estate LLC
—
Deed Of Trust
related
$1,486,000 · Mountain W Small Busn Fin
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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