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    Property profile & analytics

    1272 2240th S West Valley City, UT 84119-1443

    • Warehouses
    • 34,870 SF
    • 3.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0377341
    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

    • Warehouses

    Property Details for 1272 2240th S

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.06 lot acres
    Property size
    34,870 SF
    Zone code
    B/RP
    Property type
    Warehouses
    APN
    15-23-151-011
    APU
    1523151011

    Description

    This exceptional 12,679-square-foot flex space is situated within the Metro Business Park, Building T, in West Valley City, Utah. The property is part of a nine-building business park boasting a highly desirable location with easy access to major transportation arteries. Specifically, it offers convenient access to Highway 201, I-80, and the I-15 Interchange, placing it within minutes of the Salt Lake City International Airport. The building features a single, available suite totaling 12,679 square feet, ideal for a variety of business needs. The Metro Business Park provides a compelling environment for employees and clients alike, with attractive landscaping, ample parking, and the added benefit of walking access to the Trax light rail system. Located in Salt Lake County, at 1272 W 2240 S, West Valley City, UT 84119, this property presents a unique opportunity for businesses seeking a functional and well-connected space. The property type is classified as Office and Industrial, with a flex subtype, and is currently vacant. This single-suite building offers a contiguous space of 12,679 square feet, representing the minimum divisible space as well.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,340,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,216,000
      Market price range: $1.24M - $4.68M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,090,000
      Current use
      RETAIL STORES
      $2,435,000
      Change: +16% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,335,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    West Valley City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.927
    Latitude
    40.723
    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
    2024
    $63,690
    $1,099,000
    $4,267,500
    $5,366,500
    -
    $1,099,000
    $4,267,500
    $5,366,500

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $1,570,000
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      2888 Redwood Rd

      WAREHOUSE, STORAGE • 32,000 SF
      2888 Redwood Rd, West Valley City, UT 84119
      View Details
    • Value Estimation
      $1,935,000
      21,508 SF

      3000 Pkwy Blvd

      WAREHOUSE, STORAGE • 21,508 SF
      3000 Pkwy Blvd, West Valley City, UT 84119-1274
      View Details
    • Value Estimation
      $840,000
      20,088 SF

      2055 Pkwy Blvd

      WAREHOUSE, STORAGE • 20,088 SF
      2055 Pkwy Blvd, West Valley City, UT 84119-2003
      View Details
    • Value Estimation
      $865,000
      18,340 SF

      1832 Research Way

      WAREHOUSE, STORAGE • 18,340 SF
      1832 Research Way, West Valley City, UT 84119-2444
      View Details
    • Value Estimation
      $1,295,000
      29,300 SF

      1869 Research Way

      WAREHOUSE, STORAGE • 29,300 SF
      1869 Research Way, West Valley City, UT 84119-2348
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      10,100 SF

      West Valley Industrial Space Available

      Industrial space with fenced yard and airport access for lease.
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    • $1.00 SF/Yr
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      South Salt Lake Warehouse Space

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      View Details
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      West Valley City Industrial Flex Space

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    • $7 SF/Yr
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      Warehouse Near TRAX Stop

      Warehouse in Metro Business Park II, near TRAX and airport.
      1288 W 2240 S, Salt Lake City, UT 84119
      View Details
    • Contact for pricing
      572,000 SF

      Large Industrial Leasing Opportunities

      Multiple large industrial leasing opportunities with access to major transportation.
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    • Contact for pricing
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      Industrial Warehouse Space Available

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      View Details
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    1272 2240th S
    West Valley City, UT 84119-1443
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    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
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