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153 Burton Ave South Salt Lake, UT 84115-2610

OFF-MARKET Warehouses Google Maps
14,000 SF 0.55 ac lot Built 1972
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$520k
Range $468k – $572k (±10%)
Property ID US86-0510845

Property summary

AI-generated overview

This exceptional 3,500-square-foot flex space, situated at 153 W Burton Ave in South Salt Lake, Utah, presents a fantastic opportunity for businesses seeking a versatile industrial property. The single-tenant building offers ample space ideal for a variety of uses, thanks to its flexible design. Located in Salt Lake County, zip code 84115, this property boasts convenient access to major freeways, ensuring efficient transportation of goods and personnel. The building's industrial classification provides a robust structure suitable for various operational needs. The property's address is easily accessible, contributing to its overall practicality and appeal. This single-tenant occupancy offers a unique opportunity for a business to establish a strong presence in a desirable location. The building's size is well-suited for a range of businesses, from light manufacturing to warehousing and distribution. The strategic location in South Salt Lake provides excellent access to a skilled workforce and a thriving local economy. This property represents a compelling investment opportunity for businesses seeking a functional and conveniently located industrial space. The property's single-tenant status offers simplicity and control, making it an attractive option for businesses seeking a straightforward and efficient operational environment. The overall condition and features of the building contribute to its suitability for a variety of industrial applications. The property's location in South Salt Lake offers a blend of accessibility and proximity to key transportation routes.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,000 SF
Lot 0.55 ac (23,958 SF)
Zoning code DT
APN 15-24-278-027
UPID US86-0510845

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$520k
CAP Approach CAP
by Request
Comparable Approach Comparable
$602k
Blend (final) Blend
$520k

Owner & transaction history

since 2015
4 recorded transactions
2023
Price N/A
2017
Price N/A
2015
Price N/A
2013
Price N/A

Zoning & alternative use

DT · South Salt Lake, UT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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