Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1116 500 West Bountiful, UT 84087

    • Industrial properties
    • 7,680 SF
    • 0.97 lot acres
    For Lease
    View listing
    $169 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0905610
    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

    • Industrial properties

    Property Details for 1116 500

    Year built
    1995
    Lot size
    0.97 lot acres
    Property size
    7,680 SF
    Zone code
    C--H
    Property type
    Industrial properties
    APN
    06-075-0108
    APU
    60750108

    Description

    This exceptional 720-square-foot warehouse unit, located at 1116 W 500 S in West Bountiful, Utah 84087, presents a fantastic opportunity for businesses seeking efficient and conveniently located industrial space. The single-tenant unit boasts interior dimensions of 17' x 39', providing ample room for storage and operations. Access is simplified by a 10' x 12' grade-level door, ensuring easy loading and unloading of goods. This property benefits from its strategic location, offering easy access to two major highways. Specifically, it sits advantageously between the 500 South I-15 Interchange in Bountiful and Legacy Highway, providing excellent connectivity throughout the region. The property is part of a highly sought-after industrial complex, making it an ideal choice for businesses valuing both functionality and prime location. The monthly lease rate is $850, with additional monthly expenses (NNN) of $150. This well-maintained warehouse unit is ready for immediate occupancy and represents a compelling investment opportunity in a thriving industrial area. The property's central location and convenient access to major transportation routes make it an attractive option for a variety of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $800,000
      6.5%
      $740,000
      7%
      $685,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $645,000
      Current use
      OFFICE BUILDING
      $985,000
      Change: +53% Conversion: Difficult
      RESTAURANT
      $935,000
      Change: +45% Conversion: Difficult
      RETAIL STORES
      $720,000
      Change: +12% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $655,000
      Change: +2% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $650,000
      Change: +1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    West Bountiful
    County
    Davis
    State
    Utah
    Longitude
    -111.913
    Latitude
    40.8848
    CBSA code
    36260
    CBSA name
    OGDEN-CLEARFIELD, 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
    2024
    $13,187
    $278,008
    $417,590
    $695,598
    -
    $505,470
    $759,256
    $1,264,726

    Comparable in this City

    • Value Estimation by Request
      14,043 SF

      2482 1560th We

      INDUSTRIAL (GENERAL) • 14,043 SF
      2482 1560th We, Woods Cross, UT 84087-2326
      View Details
    • Value Estimation by Request
      14,043 SF

      2482 1560th Wc

      INDUSTRIAL (GENERAL) • 14,043 SF
      2482 1560th Wc, Woods Cross, UT 84087-2326
      View Details
    • Value Estimation by Request
      4,386 SF

      1887 1800th W Ste 3a

      INDUSTRIAL (GENERAL) • 4,386 SF
      1887 1800th W Ste 3a, Woods Cross, UT 84087-2379
      View Details
    • Value Estimation by Request
      4,386 SF

      1887 1800th W Ste 2c

      INDUSTRIAL (GENERAL) • 4,386 SF
      1887 1800th W Ste 2c, Woods Cross, UT 84087-2379
      View Details
    • Value Estimation
      $625,000
      21,749 SF

      1891 1800th W, Unit 7

      INDUSTRIAL (GENERAL) • 21,749 SF
      1891 1800th W, Woods Cross, UT 84087-2315
      View Details
    • Value Estimation
      $635,000
      21,703 SF

      1891 1800th W, Unit 8

      INDUSTRIAL (GENERAL) • 21,703 SF
      1891 1800th W, Woods Cross, UT 84087-2315
      View Details

    Similar Nearby for Sale

    • $12,200,000
      40,100 SF

      Woods Cross Industrial Property

      Industrial property in Woods Cross, minutes from Salt Lake Airport.
      1173 W 2425 S, Woods Cross, UT 84087
      View Details
    • Contact for pricing
      156,234 SF

      Woods Cross Warehouse Space Available

      156,234 sq ft warehouse with rear load configuration.
      1376 West 2600 South, Woods Cross, UT 84087
      View Details
    • $7,100,000
      30,355 SF

      Contemporary Woods Cross Office Building

      Executive Office Space, 30,355 SF, $7.1M
      2250 800, Woods Cross, UT 84087
      View Details
    • $610,000
      1.00 Acre

      West Bountiful Land Opportunity

      Acre lots available in West Bountiful, near Salt Lake City.
      West Bountiful, UT 84087
      View Details
    • $590,000
      1.07 Acres

      Residential Land in West Bountiful

      Ready-to-build lot in West Bountiful, 13 minutes from SLC.
      1305 W Highgate Ave S, West Bountiful, UT 84087
      View Details

    Similar Nearby for Lease

    • $0.90 SF/Yr
      16,361 SF

      Woods Cross Flex/Industrial Space

      Flex/industrial space in Woods Cross with easy highway access.
      2391 South 1560 West, Woods Cross, UT 84087
      View Details
    • $169 SF/Yr
      720 SF

      West Bountiful Warehouse For Lease

      720 SF Warehouse, Prime Location, $850/Month
      1116 500, West Bountiful, UT 84087
      View Details
    • Contact for pricing
      156,234 SF

      Woods Cross Commerce Center

      Modern Warehouse Space Available
      1376 2600, Woods Cross, UT 84087
      View Details
    • Contact for pricing
      56,628 SF

      Commercial Lot in Woods Cross

      Commercial lot for lease in central Woods Cross City.
      1566 S 800 W, Bountiful, UT 84087
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1116 500
    West Bountiful, UT 84087
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.