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    OFF-MARKET
    Warehouses

    1215 400th W, Salt Lake City, UT 84101-3082

    10,218 SF 0.16 ac lot Built 1975
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US86-0389978
    Property summary
    AI-generated overview

    This exceptional 0.8-acre development site in Salt Lake City's Opportunity Zone presents a compelling investment opportunity. Priced at $5,000,000 ($143 PSF), the property boasts a prime hard corner location at 1215 S 400 W and 1300 S 390 W, offering excellent visibility and accessibility. The site includes three buildings totaling 12,634 square feet, with one building currently leased month-to-month. The property benefits from high traffic counts on I-15, 1300 South, and 300 West, with easy access to major interstates. Existing features include billboard and pylon signage potential, an air compressor, radiant heating, and 3-phase/480 & single-phase/220 power. Zoned CG, this site is ideal for redevelopment or expansion, leveraging its strategic location and Opportunity Zone designation. The property's existing buildings provide immediate income potential while offering significant upside for future development. This is a rare chance to acquire a well-positioned multi-tenant industrial property in a thriving Salt Lake City market.

    Property profile
    Verified
    Property type Warehouses
    Use group MINI-WAREHOUSE, STORAGE
    Year built 1975
    Construction STEEL FRAME
    Total area 10,218 SF
    Lot 0.16 ac (6,970 SF)
    Zoning code CG
    APN 15-12-382-001
    UPID US86-0389978
    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
    • A.W. Fors Machine & Welding Shop Inc Industrial Manufacturer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Aw Fors Leasing INC · 7 yrs held
    Aw Fors Leasing INC
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    CG · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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