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    Property profile & analytics

    1065 9400th S Sandy, UT 84094-3146

    • Grocery and convenience stores
    • 9,621 SF
    • 1.64 lot acres
    OFF-MARKET
    Value Estimations
    $845,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0355930
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sinclair Gas Station / Gas Station
    • Splash Drinks & Treats / Cafe & Coffee Shop / Take-out & Catering
    • Fabulous Freddy's / Car Wash
    • Sinclair Auto / Auto Repair Shop

    Property Details for 1065 9400th S

    Year built
    2012
    Lot size
    1.64 lot acres
    Property size
    9,621 SF
    Zone code
    SD (X)
    Property type
    Grocery and convenience stores
    APN
    28-05-451-014
    APU
    2805451014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $620,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,069,000
      Market price range: $834k - $1.45M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.86
    Latitude
    40.5812
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $48,760
    $1,913,100
    $3,032,100
    $4,945,200
    -
    $1,913,100
    $3,032,100
    $4,945,200

    Comparable in this City

    • Value Estimation by Request
      1,571 SF

      8595 1300th E

      CONVENIENCE STORE • 1,571 SF
      8595 1300th E, Sandy, UT 84094-1343
      View Details
    • Value Estimation by Request
      2,624 SF

      8615 1300th E

      CONVENIENCE STORE • 2,624 SF
      8615 1300th E, Sandy, UT 84094-1948
      View Details
    • Value Estimation
      $510,000
      3,928 SF

      1295 10600th S

      CONVENIENCE STORE • 3,928 SF
      1295 10600th S, Sandy, UT 84094-6104
      View Details
    • Value Estimation
      $6,945,000
      220,671 SF

      9151 Quarry Bnd Dr

      GROCERY, SUPERMARKET • 220,671 SF
      9151 Quarry Bnd Dr, Sandy, UT 84094-7701
      View Details
    • Value Estimation
      $1,950,000
      67,901 SF

      7850 1300th E

      GROCERY, SUPERMARKET • 67,901 SF
      7850 1300th E, Sandy, UT 84094-0746
      View Details
    • Value Estimation
      $3,750,000
      94,440 SF

      10305 1300th E

      GROCERY, SUPERMARKET • 94,440 SF
      10305 1300th E, Sandy, UT 84094-4681
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.78 Acres

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      Prime 0.78-acre retail lot for sale.
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    • $9,670,000
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      Class-A Office Building with Parking

      Well-maintained office building with private parking in Sandy, Utah.
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    • $375,000
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      Sandy Commercial Land - $375K

      0.42-acre commercial lot, ready to build.
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    • $11,250,000
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      High Point Office Building, Sandy, UT

      Class A Office, 49,589 SF, Vacant
      1218 7800, Midvale, UT 84094
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    • $500,000
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      Professionally Designed Office Suite

      Versatile office suite in high-demand commercial area.
      750 E 9000 S, Sandy, UT 84094
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    Similar Nearby for Lease

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      5,388 SF

      Retail Pads in Smith's Center

      Retail pads available for ground lease or build-to-suit.
      10257-10305 S 1300 E, Sandy, UT 84094
      View Details
    • Contact for pricing
      165,833 SF

      Alta View Plaza Retail Center

      Salt Lake City retail space available.
      10301 1300, Sandy, UT 84094
      View Details
    • Contact for pricing
      450,000 SF

      Quarry Bend Retail Center Space

      High-income area retail space available. Multiple sizes.
      9400 1000, Sandy, UT 84094
      View Details
    • Contact for pricing
      1,205 SF

      Retail, Office, and Residential Space

      Mixed-use project with retail, office, and residential spaces available.
      1075 E 9400 S, Sandy, UT 84094
      View Details
    • $28 SF/Yr
      18,423 SF

      Hatch Medical Office: Sandy, UT

      Class A Sandy Office Space: 18,423 SF Available
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    • $21 SF/Yr
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      Kenner Building Office Suites in Sandy, UT

      Sandy, Utah Office Space Available Now
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      View Details

    Property Visit Statistics

    • Visits by month
      8.1k
    • Visitors by month
      5.9k
    • Avg Time on site
      7 min
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    Sandy, UT 84094-3146
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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