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Property profile & analytics
OFF-MARKET
Estimated value
$5,210,000
Distribution centers
1510 Gustin Rd Salt Lake City, UT 84104-4685
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0050246
Property summary
AI-generated overview
This Class A industrial warehouse in Salt Lake City, UT, offers 207,621 square feet of space, divisible to 64,480 square feet. Located at 1510 Gustin Rd W, 84104, near Gustin Road & Ninigret Drive, the property sits on 12.68 acres and features a single, one-story building with a 32-foot ceiling height. The warehouse boasts 58 dock-high doors and 8 drive-in doors, along with 227 parking spaces. Power is robust at 4000A / 480/277V / 3P / 4W. The property is zoned M-1 and includes 2,782 square feet of modern office space integrated within the larger warehouse area (204,839 sq ft). This exceptional facility is ideal for businesses seeking efficient and adaptable space in Salt Lake City's Northwest Quadrant, known for its super-regional distribution capabilities. The property's location in the California Avenue submarket provides excellent access to major transportation routes. APN: 1517101008. This turnkey solution is ready for immediate occupancy.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Total area
209,920 SF
Lot
7.78 ac (338,897 SF)
Zoning code
M-1
APN
15-17-101-009
UPID
US86-0050246
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.21M
Owner & transaction history
Price Distribution Property LLC · 4 yrs held
Price Distribution Property LLC
since 2022
2 recorded transactions
Zoning & alternative use
M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$25 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$337,451
Tax year 2024
Assessed value
$35,413,100
Assessed 2024
Previous assessed
$35,413,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$5,043,800
Assessed improvement
$30,369,300
Land market value
$5,043,800
Improvement market value
$30,369,300
Total market value
$35,413,100
Applied tax rate
13.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Heating
SPACE
Stories
1
Units
4
Total area
209,920 SF
Lot
7.78 ac (338,897 SF)
Zoning code
M-1
APN
15-17-101-009
UPID
US86-0050246
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Salt Lake City, UT
Zoning M-1 · permitted uses
M-1 · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
SPACE
Stories
1
Units
4
Lot
7.78 ac
Current owner
From public records · entity-resolved
Price Distribution Property LLC
Entity
Free & Clear · 4 yrs held
Mailing address
230 ES TEMPLE, SALT LAKE CITY, UT 84111-1205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
—
Price Gustin Road LLC
—
Deed
related
$22,000,000 · The Lincoln National Life Insurance Co
Jan 11, 2022
—
Price Distribution Property LLC
Price Logistics Center Draper One L
Intrafamily Transfer
related
—
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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