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

    1225 E Fort Union Blvd Midvale, UT 84047

    • Investment properties
    • 49,386 SF
    • 3.72 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Last Sale
    May 20, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0399511
    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

    • Investment properties

    Property Details for 1225 E Fort Union Blvd

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.72 lot acres
    Property size
    49,386 SF
    Zone code
    R-M
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    22-20-476-046
    APU
    2220476046

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,691,000
      Market price range: $1.88M - $7.69M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,105,000
      Current use
      RESTAURANT
      $5,290,000
      Change: +4% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,175,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Midvale
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.856
    Latitude
    40.6268
    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
    $144,056
    $3,420,600
    $10,850,800
    $14,271,400
    -
    $3,420,600
    $10,850,800
    $14,271,400

    Comparable in this City

    • Value Estimation
      $9,990,000
      87,796 SF

      6965 Un Ctr Park

      STORE/OFFICE (MIXED USE) • 87,796 SF
      6965 Un Ctr Park, Midvale, UT 84047
      View Details
    • Value Estimation
      $12,540,000
      108,010 SF

      6975 Un Ctr Park

      STORE/OFFICE (MIXED USE) • 108,010 SF
      6975 Un Ctr Park, Midvale, UT 84047
      View Details
    • Value Estimation
      $805,000
      16,275 SF

      191 Ft Un Blvd

      STORE/OFFICE (MIXED USE) • 16,275 SF
      191 Ft Un Blvd, Midvale, UT 84047
      View Details
    • Value Estimation
      $1,760,000
      28,936 SF

      1275 Ft Un Blvd

      STORE/OFFICE (MIXED USE) • 28,936 SF
      1275 Ft Un Blvd, Midvale, UT 84047-1895
      View Details
    • Value Estimation
      $500,000
      16,911 SF

      195 Ft Un Blvd

      STORE/OFFICE (MIXED USE) • 16,911 SF
      195 Ft Un Blvd, Midvale, UT 84047
      View Details
    • Value Estimation
      $4,115,000
      33,464 SF

      6967 Riv Gate Dr

      STORE/OFFICE (MIXED USE) • 33,464 SF
      6967 Riv Gate Dr, Midvale, UT 84047-1574
      View Details

    Similar Nearby for Sale

    • $1,700,000
      7,000 SF

      Midvale Main Street Gem

      Historic Theater & Offices, 7,000 SF
      7711 Main St, Midvale, UT 84047
      View Details
    • $11,900,000
      105.00 Acres

      105-Acre Commercial Land, Tooele, UT

      Prime Tooele County land, ideal for industrial development.
      0 Ut-36, Midvale, UT 84047
      View Details
    • $350,000
      0.26 Acres

      Midvale Land with Home

      Large lot with central location and easy access.
      775 W Lennox St S, Midvale, UT 84047
      View Details
    • $2,500,000
      4,060 SF

      Restaurant Property in High-Traffic Area

      4,500 SF restaurant on 1.08 acres with ample parking.
      7495 S Union Park Ave, Midvale, UT 84047
      View Details
    • $1,500,000
      0.18 Acres

      Turn-Key Business Opportunity in Midvale

      Established business for sale with building, land, license, and assets.
      7654 S Main St, Midvale, UT 84047
      View Details
    • New
      $550,000
      1,382 SF

      Midvale Duplex with Strong Income

      Turn-key duplex near downtown Midvale with excellent tenants.
      620 W 2Nd Ave, Midvale, UT 84047
      View Details

    Similar Nearby for Lease

    • $78,000
      108,900 SF

      Midvale Industrial Yard For Lease

      2.5-Acre Fenced & Paved Yard in Midvale, UT
      8201 State St, Midvale, UT 84047
      View Details
    • $26 SF/Yr
      19,500 SF

      Midvale Office Space: 322 sq ft Available

      Modern Midvale office, ideal for various businesses.
      411 7200, Midvale, UT 84047
      View Details
    • Contact for pricing
      18,692 SF

      Midvale Main Street Retail Space

      Historic Midvale retail, 1,220-4,450 SF available.
      0 Midvale Main St, Midvale, UT 84047
      View Details
    • Contact for pricing
      3,159 SF

      Midvale Retail Space For Lease

      Prime Midvale location, 3,159 sq ft.
      7650 Union Park Ave, Midvale, UT 84047
      View Details
    • $40 SF/Yr
      123,013 SF

      Midvale Retail Center Investment Opportunity

      High-traffic retail space available in Midvale, UT
      6985 Park Ctr Dr, Midvale, UT 84047
      View Details
    • $24 SF/Yr
      4,900 SF

      Midvale Retail Space: Fort Union Blvd

      1,500 SF Retail Storefront Available
      589 Fort Union Blvd, Midvale, UT 84047
      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.
    1225 E Fort Union Blvd
    Midvale, UT 84047
    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.