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Property profile & analytics
FOR LEASE
Office buildings

120 N Redwood Rd North Salt Lake, UT 84054

14,050 SF 2.85 ac lot Built 2017
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US86-0892680
Property summary
AI-generated overview

Legacy Parkview, located at 120 N Redwood Rd, North Salt Lake, UT 84054, offers exceptional flex space opportunities. This industrial property boasts a total of 13,794 square feet, divided into two suites. Suite 3 offers 3,087 square feet, while Suite 4 provides 7,693 square feet. The property features a desirable 12-foot clear ceiling height, enhancing versatility and storage capacity. Four drive-in doors (8' wide x 10' high) ensure convenient loading and unloading. The building is equipped with 3-phase power and a wet fire suppression system, prioritizing safety and operational efficiency. Each suite includes attractive window lines and kitchenettes, adding to the overall functionality and appeal. The property also benefits from one acre of improved car parking, providing ample space for employees and visitors. Its prime location on Redwood Road offers excellent visibility and accessibility, with convenient access to the freeway system (1-215) less than a mile away. Flexible layout options allow for customization to meet diverse business needs. The minimum divisible space is 3,087 square feet, while the maximum contiguous space available is 10,780 square feet.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2017
Total area 14,050 SF
Lot 2.85 ac (124,146 SF)
Zoning code MD
APN 01-475-0001
UPID US86-0892680
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
  • Murata Machinery USA Inc Industrial Manufacturer Production Facility
  • Legers Deli Restaurant
  • My Medic Medical Supply Store
  • Threesixty Security Solutions Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.81M
Comparable Approach Comparable
$2.14M
Blend (final) Blend
$2.48M
Owner & transaction history
The Mclellan Company · 5 yrs held
The Mclellan Company
since 2021
7 recorded transactions
2022
Price N/A
2021
Price N/A
2019
Price N/A
2019
Price N/A
2019
Price N/A
2016
Price N/A
2014
Price N/A
Zoning & alternative use
MD · North Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

To provide areas in appropriate locations where light manufacturing, industrial processes and warehousing not producing objectionable effects may be established

Zone name Manufacturing Distribution
General category INDUSTRIAL
Zone area 1,139.55 ac
Source Realmo
Top alternative use upside
Retail stores $4.1M +121.1%
Commercial (general) $3.0M +64.0%
Medical building $2.3M +23.3%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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