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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Strip malls
1146 Ft Un Blvd, Midvale, UT 84047-1804
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0698217
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,887 SF
Lot
0.56 ac (24,394 SF)
Zoning code
RC
APN
22-29-201-033
UPID
US86-0698217
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
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$434k
Blend (final)
Blend
$525k
Owner & transaction history
Cdre Caravan Fort Union LLC · 1 yrs held
Cdre Caravan Fort Union LLC
since 2024
7 recorded transactions
Zoning & alternative use
RC · Midvale, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$740,000
+115.9%
Auto repair, garage
$720,000
+111.2%
Commercial (general)
$710,000
+108.4%
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 Midvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midvale 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
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$340,000
Current use
RESTAURANT
$740,000
Change: +116% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: +111% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: +108% · Conversion: Easy
RETAIL STORES
$530,000
Change: +56% · Conversion: Easy
WAREHOUSE, STORAGE
$520,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$76 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$38,329
Tax year 2023
Assessed value
$3,513,200
Assessed 2023
Previous assessed
$3,513,200
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$579,400
Assessed improvement
$2,933,800
Land market value
$579,400
Improvement market value
$2,933,800
Total market value
$3,513,200
Applied tax rate
30.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
6,887 SF
Lot
0.56 ac (24,394 SF)
Zoning code
RC
APN
22-29-201-033
UPID
US86-0698217
Jurisdiction
SALT LAKE
Zoning & alternative use
RC · Midvale, UT
Zoning RC · permitted uses
RC · Midvale, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midvale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$340,000
RESTAURANT
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$530,000
WAREHOUSE, STORAGE
Est. value
$520,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Cdre Caravan Fort Union LLC
Entity
Mailing address
5670 WILSHIRE BLVD, LOS ANGELES, CA 90036-5679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
—
Cdre Caravan Fort Union LLC
Fort Union Shopping Center LLC
Special Warranty Deed
$48,000,000 · Rga Reinsurance Company
Feb 24, 2023
—
Fort Union Shopping Center LLC
—
Deed
related
$56,000,000 · City National Bank
Oct 22, 2020
—
Ahst 150 LLC
Fort Union Shopping Center LLC
Grant Deed
—
Feb 13, 2018
—
Fort Union Shopping Center LLC
Excel Ft Union LLC
Trustees Deed
$85,200,000 · Cit Bk NA
Sep 26, 2014
—
Excel Ft Union LLC
Ddr Fort Union I & II LLC
Grant Deed
—
Dec 29, 2008
—
Ddr Fort Union I & II LLC
Ddr Family Centers
Quit Claim Deed
—
Oct 4, 2005
—
Ddr Family Centers
Mds Realty III LLC
Grant Deed
—
—
—
Excel Ft Union LLC
—
Deed Of Trust
related
$495,439,000 · Wells Fargo Bk
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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