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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Drug stores
12623 Redwood Rd Riverton, UT 84065-6606
Entity Owned
4-yr Hold
Free & Clear
Property ID
US86-1489757
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,150 SF
Lot
1.64 ac (71,438 SF)
Zoning code
C-G
APN
27-34-201-095
UPID
US86-1489757
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$865k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.02M
Owner & transaction history
Redwood Road Investments LLC · 4 yrs held
Redwood Road Investments LLC
since 2021
3 recorded transactions
Zoning & alternative use
C-G · Riverton, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
010 - § 18.60.190) Chapter 18.63 HISTORIC BUILDINGS AND SITES PRESERVATION ORDINANCE (§ 18.63.010 - § 18.63.070) Chapter 18.65 DOWNTOWN COMMERCIAL (C-D) ZONE (§ 18.65.010 - § 18.65.080) Chapter 18.70 GATEWAY COMMERCIAL (C-G) ZONE (§ 18.70.010 - § 18.70.100) Chapter 18.75 NEIGHBORHOOD COMMERCIAL (C-N) ZONE (§ 18.75.010 - § 18.75.080) Chapter 18.80 PROFESSIONA…
Zone name
Commercial Gateway
General category
COMMERCIAL
Zone area
87.29 ac
Top alternative use upside
Restaurant
$1.7M
+131.1%
Commercial (general)
$1.6M
+125.8%
Warehouse, storage
$1.3M
+79.0%
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 Riverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverton 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
$865,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$725,000
Current use
RESTAURANT
$1,680,000
Change: +131% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,640,000
Change: +126% · Conversion: Easy
WAREHOUSE, STORAGE
$1,300,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,135,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$1,100,000
Change: +51% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Change: +15% · Conversion: Moderate
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$72 / 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
$71,043
Tax year 2023
Assessed value
$6,375,600
Assessed 2023
Previous assessed
$6,375,600
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,741,600
Assessed improvement
$4,634,000
Land market value
$1,741,600
Improvement market value
$4,634,000
Total market value
$6,375,600
Applied tax rate
42.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
14,150 SF
Lot
1.64 ac (71,438 SF)
Zoning code
C-G
APN
27-34-201-095
UPID
US86-1489757
Jurisdiction
SALT LAKE
Zoning & alternative use
C-G · Riverton, UTZoning C-G · permitted uses
C-G · Riverton, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
010 - § 18.60.190) Chapter 18.63 HISTORIC BUILDINGS AND SITES PRESERVATION ORDINANCE (§ 18.63.010 - § 18.63.070) Chapter 18.65 DOWNTOWN COMMERCIAL (C-D) ZONE (§ 18.65.010 - § 18.65.080) Chapter 18.70 GATEWAY COMMERCIAL (C-G) ZONE (§ 18.70.010 - § 18.70.100) Chapter 18.75 NEIGHBORHOOD COMMERCIAL (C-N) ZONE (§ 18.75.010 - § 18.75.080) Chapter 18.80 PROFESSIONAL OFFICE COMMERCIAL (C-PO) ZONE (§ 18.80.010 - § 18.80.110) Chapter 18.85 REGIONAL
Zone name
Commercial Gateway
General category
COMMERCIAL
Zone area
87.29 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$725,000
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$835,000
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Redwood Road Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2021
—
Redwood Road Investments LLC
Riverton Wal LLC
Special Warranty Deed
—
Jul 17, 2020
—
Riverton Wal LLC
Gms Riverton LLC
Special Warranty Deed
$4,210,500 · Origin Bank
Aug 20, 2003
—
Gms Riverton LLC
126th South & Redwood LLC
Grant Deed
$22,870,000 · Allianz Life Ins Of North Amer
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.
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