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

    1414 S Gladiola St Salt Lake City, UT 84104

    • Distribution centers
    • 99,364 SF
    • 4.98 lot acres
    For Lease
    View listing
    $1.12 SF/Yr
    Last Sale
    Mar 18, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1495789
    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

    • Normet Americas Inc / Industrial Park / Production Facility
    • RBDC Ut (Red Bull Distribution Center) / Distribution Center / Logistics Company
    • Red Bull Distribution Center / Big Box & Wholesale Store / Distribution Center
    • AMC Building Materials LLC / Hardware & Home Improvement / Furniture & Home Goods

    Property Details for 1414 S Gladiola St

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.98 lot acres
    Property size
    99,364 SF
    Zone code
    M-1
    Property type
    Distribution centers
    APN
    15-17-201-013
    APU
    1517201013

    Description

    This exceptional Class A industrial property, located at 1414 Gladiola St, Salt Lake City, UT 84104, offers 20,012 square feet of versatile space ideal for manufacturing, warehousing, or distribution. The single-tenant building, constructed in 2000, comprises four buildings with a single story and boasts a remarkable 28-foot clear ceiling height. The property features ample loading capabilities with sixteen loading docks – six drive-ins and ten dock-high doors. Four of the dock-high doors are equipped with bumpers, seals, and levelers, while one is unequipped, and two have bumpers. Additionally, there's a convenient 12' x 14' ground-level door. Parking is abundant with 121 total spaces available. The building is equipped with a robust 225 amp, 480/277 volt, 3-phase power system and is ESFR sprinklered for enhanced safety. Energy-efficient high bay lighting with motion sensors in the warehouse contributes to operational cost savings. The property is zoned M-1 and its APN is 15172010130000. The building includes 3,486 square feet of office space and 16,526 square feet of warehouse space. Its prime location offers convenient access to Salt Lake City International Airport and the Salt Lake City Intermodal Hub. This property presents a unique opportunity for businesses seeking a high-quality, well-equipped industrial space in a strategic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,230,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.973
    Latitude
    40.7394
    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
    $150,325
    $3,400,400
    $12,375,100
    $15,775,500
    -
    $3,400,400
    $12,375,100
    $15,775,500

    Comparable in this City

    • Value Estimation by Request
      80,000 SF

      3622 1820

      Distribution properties • 80,000 SF
      3622 1820, Salt Lake City, UT 84104
      View Details
    • Value Estimation by Request
      328,623 SF

      1840 5200

      Distribution properties • 328,623 SF
      1840 5200, Salt Lake City, UT 84104
      View Details
    • Value Estimation
      $3,220,000
      103,288 SF

      1765 4250th W

      DISTRIBUTION WAREHOUSE • 103,288 SF
      1765 4250th W, Salt Lake City, UT 84104-4833
      View Details
    • Value Estimation
      $4,115,000
      171,312 SF

      1930 4650th W

      DISTRIBUTION WAREHOUSE • 171,312 SF
      1930 4650th W, Salt Lake City, UT 84104-5302
      View Details
    • Value Estimation
      $3,355,000
      130,142 SF

      1546 4650th W

      DISTRIBUTION WAREHOUSE • 130,142 SF
      1546 4650th W, Salt Lake City, UT 84104-5314
      View Details
    • Value Estimation
      $3,265,000
      234,681 SF

      1665 Bennett Rd

      DISTRIBUTION WAREHOUSE • 234,681 SF
      1665 Bennett Rd, Salt Lake City, UT 84104-4204
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      33,891 SF

      Salt Lake City Industrial Space

      33,891 SF Industrial Building, Utah
      1906 3850, Salt Lake City, UT 84104
      View Details
    • $1,250,000
      5,144 SF

      Salt Lake City Industrial Flex Space

      5,144 SF Flex/Warehouse, Owner-User Opportunity
      1414 200, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      4,000 SF

      Versatile Office Warehouse Space

      4,000 SF office/warehouse with easy access to downtown.
      1020 West Colmar Ave, Salt Lake City, UT 84104
      View Details
    • $6,075,000
      31,716 SF

      Salt Lake City Warehouse For Sale

      31,716 SF warehouse on 1.97 AC near I-15.
      3685 S 500 W, Salt Lake City, UT 84104
      View Details
    • $1,300,000
      3,052 SF

      Salt Lake City Industrial Property

      Industrial property with warehouse and office space in Salt Lake.
      971 W Margaret Ave, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      33,891 SF

      Salt Lake City Warehouse Space

      Warehouse space near Bangerter Highway and Salt Lake International Airport.
      1906 S 3850 W, Salt Lake City, UT 84104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      106,704 SF

      California Business Center: Warehouse Space

      Large Warehouse Space Available; Salt Lake County
      3295 California Ave, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      8,076 SF

      Landmark Commerce Center Warehouse Space

      Salt Lake City warehouse space for lease.
      5570 1730, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      46,234 SF

      Copper Crossing Warehouse - For Lease

      Modern Warehouse, 46,234 SF, Salt Lake County
      455 South Brg, Salt Lake City, UT 84104
      View Details
    • $11 SF/Yr
      68,996 SF

      Salt Lake City Industrial Space

      69,000 SF Warehouse, Ample Yard
      1874 Pioneer Rd, Salt Lake City, UT 84104
      View Details
    • $12 SF/Yr
      10,160 SF

      Broadbent Business Park: Industrial Spaces

      Salt Lake County flex space; 5 units available.
      3649 1987, Salt Lake City, UT 84104
      View Details
    • $13 SF/Yr
      21,310 SF

      Salt Lake City Industrial Space

      Versatile warehouse space, ideal for various uses.
      1915 900, Salt Lake City, UT 84104
      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.
    1414 S Gladiola St
    Salt Lake City, UT 84104
    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.