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Property profile & analytics
OFF-MARKET
Estimated value
$3,505,000
Warehouses
1540 2200th W Salt Lake City, UT 84116-4160
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US86-0049422
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2006
Total area
42,258 SF
Lot
3.88 ac (169,013 SF)
Zoning code
IP-M-1
APN
08-21-426-006
UPID
US86-0049422
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
-
Huish Outdoors Industrial Manufacturer Production Facility
-
Hollis Industrial Manufacturer Production Facility
-
Stahlsac Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$3.51M
Owner & transaction history
Hassleblad Properties LLC · 16 yrs held
Hassleblad Properties LLC
since 2009
7 recorded transactions
Zoning & alternative use
IP-M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.6M
+202.8%
Restaurant
$5.4M
+191.2%
Retail stores
$4.3M
+135.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,575,000
Change: +203% · Conversion: Difficult
RESTAURANT
$5,360,000
Change: +191% · Conversion: Difficult
RETAIL STORES
$4,340,000
Change: +136% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,605,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,065,000
Change: +66% · Conversion: Easy
Blend value · Realmo final
$3.51M
Range $3.15M – $3.86M · ±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
$83 / 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
$112,254
Tax year 2024
Assessed value
$11,780,300
Assessed 2024
Previous assessed
$11,780,300
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$1,784,800
Assessed improvement
$9,995,500
Land market value
$1,784,800
Improvement market value
$9,995,500
Total market value
$11,780,300
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Cooling
YES
Stories
1
Total area
42,258 SF
Lot
3.88 ac (169,013 SF)
Zoning code
IP-M-1
APN
08-21-426-006
UPID
US86-0049422
Jurisdiction
SALT LAKE
Zoning & alternative use
IP-M-1 · Salt Lake City, UT
Zoning IP-M-1 · permitted uses
IP-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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$5.6M
RESTAURANT
Est. value
$5.4M
RETAIL STORES
Est. value
$4.3M
COMMERCIAL (GENERAL)
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.1M
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2006
Heating
NONE
Cooling
Yes
Stories
1
Lot
3.88 ac
Current owner
From public records · entity-resolved
Hassleblad Properties LLC
Entity
Mailing address
1540 N 2200TH W, SALT LAKE CITY, UT 84116-4160
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2009
—
Hassleblad Properties LLC
Brighton Bk
Quit Claim Deed
—
Sep 10, 2009
—
Brighton Bank
1540 North 2200 West Props LLC
Quit Claim Deed
related
—
Sep 15, 2008
$2,689,734
Brighton Bank
Hirschi David P
Trustees Deed
related
—
Dec 27, 2007
—
Realty Advisors Press
Dixon,david G & Cathy S
Quit Claim Deed
related
—
Dec 24, 2007
—
Realty Advisors Press
Devlin,patrick J & Delores A
Quit Claim Deed
related
—
Nov 17, 2006
—
1540 North 2200 West Props LLC
Press Realty Advisors
Quit Claim Deed
$2,134,450 · Brighton Bank
Apr 3, 2006
—
Judy C Lee
Lee,frank S
Affidavit Of Death
related
—
Oct 15, 2004
—
Press Realty Advisors Corp
—
Trustees Deed
related
$1,400,000 · Heights INC
—
—
West Properties LLC
—
Deed Of Trust
related
$2,435,000 · Brighton Bank
—
—
Realty Advisors Press
—
Deed Of Trust
related
$100,000 · Overland Capital Corp
—
—
Press Realty Advisors INC
—
Deed Of Trust
related
$165,000 · Khjt LLC
—
—
Press Realty Advisors Corp
—
Deed Of Trust
related
$83,460 · Supinger Ents Lc
—
—
Press Realty Advisors Corp
—
Deed Of Trust
related
$312,508 · Ronald L Enloe
—
—
Press Realty Advisors Corp
—
Deed Of Trust
related
$350,000 · Khjt LLC
—
—
Press Realty Advisors INC
—
Deed Of Trust
related
$280,000 · Ronald L Enloe
—
—
1540 North 2200 West Props LLC
—
Deed Of Trust
related
$137,965 · Basco LLC
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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