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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Warehouses
1670 5500th W Salt Lake City, UT 84104-4463
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0373113
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
69,168 SF
Lot
5.38 ac (234,353 SF)
Zoning code
CG
APN
14-13-152-004
UPID
US86-0373113
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
-
Grimco Inc. Big Box & Wholesale Store
-
PREPASS CONNECTED VEHICLE OPTIMIZATION Government Office
-
Oak River Distributions Distribution Center Logistics Company
-
Newspaper Agency Co LLC Publishing House Newspaper & Magazine
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$2.70M
Owner & transaction history
Lrf3 Slc Western Commerce Center Ll · 1 yrs held
Lrf3 Slc Western Commerce Center Ll
since 2025
7 recorded transactions
Zoning & alternative use
CG · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.3M
+12.7%
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
$1,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,945,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,320,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±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
$39 / 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
$143,738
Tax year 2024
Assessed value
$15,084,300
Assessed 2024
Previous assessed
$15,084,300
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$3,163,800
Assessed improvement
$11,920,500
Land market value
$3,163,800
Improvement market value
$11,920,500
Total market value
$15,084,300
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
69,168 SF
Lot
5.38 ac (234,353 SF)
Zoning code
CG
APN
14-13-152-004
UPID
US86-0373113
Jurisdiction
SALT LAKE
Zoning & alternative use
CG · Salt Lake City, UT
Zoning CG · permitted uses
CG · 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
WAREHOUSE, STORAGE Current
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.3M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.38 ac
Current owner
From public records · entity-resolved
Lrf3 Slc Western Commerce Center Ll
Individual
Free & Clear · 1 yrs held
Mailing address
1255 23RD ST NW, WASHINGTON, DC 20037-1125
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2025
—
Landmark Commerce Center Prop Owner
—
Deed
related
—
Mar 26, 2025
—
Lrf3 Slc Western Commerce Center Ll
Landmark Commerce Center Prop Owner
Special Warranty Deed
—
Dec 23, 2020
—
Landmark Cmrc Ctr Prop Owner L
Parkwood Arizona LLC
Grant Deed
$206,418,600 · Rbc R/e Cap Corp
Mar 4, 2020
—
Parkwood Arizona LLC
—
Deed
related
$6,522,180 · City Nat'l Bk
Oct 30, 2019
—
Salt Lake Cty Corp
Landmark At Salt Lk City Owner
Quit Claim Deed
related
—
Oct 15, 2008
—
Parkwood Arizona LLC
—
Deed Of Trust
related
$7,250,000 · Wells Fargo Bank
—
—
Parkwood Arizona LLC
—
Deed Of Trust
related
—
—
—
Parkwood Arizona LLC
—
Loan Modification
related
$6,522,180 · City Nat'l Bk
—
—
Parkwood Arizona LLC
—
Deed Of Trust
related
$8,600,000 · City Nat'l Bk
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.
Try Rey
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