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Property profile & analytics
OFF-MARKET
Estimated value
$2,325,000
Warehouses
15926 Rockwell Cv Park, Herriman, UT 84065
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-1114899
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Total area
20,326 SF
Lot
1.68 ac (73,181 SF)
Zoning code
M-1
APN
33-22-101-001
UPID
US86-1114899
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
$2.58M
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$2.33M
Owner & transaction history
The Bacher Group LLC · 3 yrs held
The Bacher Group LLC
since 2023
5 recorded transactions
Zoning & alternative use
M-1 · Herriman, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.0M
+62.7%
Restaurant
$2.4M
+29.1%
Commercial (general)
$2.4M
+26.2%
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 Herriman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Herriman 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%
$2,795,000
6.5%
$2,580,000
7%
$2,395,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,870,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,040,000
Change: +63% · Conversion: Difficult
RESTAURANT
$2,415,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,360,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,630,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$1,575,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±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
$114 / 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
$54,001
Tax year 2024
Assessed value
$4,871,500
Assessed 2024
Previous assessed
$4,871,500
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$932,800
Assessed improvement
$3,938,700
Land market value
$932,800
Improvement market value
$3,938,700
Total market value
$4,871,500
Applied tax rate
70.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
YES
Stories
1
Units
3
Total area
20,326 SF
Lot
1.68 ac (73,181 SF)
Zoning code
M-1
APN
33-22-101-001
UPID
US86-1114899
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Herriman, UT
Zoning M-1 · permitted uses
M-1 · Herriman, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Herriman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
RESTAURANT
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2018
Heating
NONE
Cooling
Yes
Stories
1
Units
3
Lot
1.68 ac
Current owner
From public records · entity-resolved
The Bacher Group LLC
Entity
Free & Clear · 3 yrs held
Mailing address
6774 S 2400TH W, SPANISH FORK, UT 84660-4635
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2023
—
The Bacher Group LLC
Hidden Cove Apartments LLC
Special Warranty Deed
—
Oct 15, 2020
—
Bacher Group LLC
Rwl Five LLC
Grant Deed
—
Apr 19, 2019
—
Rwl Five LLC
Shirley Butterfield Ltd
Warranty Deed
—
Apr 8, 2019
—
Rwl Five LLC
—
Deed
related
$1,850,000 · Mill Pond Parts LLC
—
—
Rwl Five LLC
—
Deed Of Trust
related
$1,850,000 · Mill Pond Parts 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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