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Property profile & analytics
FOR LEASE
Distribution centers
1795 S 5350 W Salt Lake City, UT 84104
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0380617
For Lease
1 / 3
$4,100,000
1795 S 5350 W, Salt Lake City, UT 84104
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
179,662 SF
Lot
8.06 ac (351,094 SF)
Zoning code
M-1
APN
14-13-326-003
UPID
US86-0380617
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
-
Black Diamond Warehouse Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.10M
Owner & transaction history
Lrf3 Slc Landmark III LLC · 1 yrs held
Lrf3 Slc Landmark III LLC
since 2025
6 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
$23 / 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
$249,969
Tax year 2024
Assessed value
$26,232,500
Assessed 2024
Previous assessed
$26,232,500
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$3,783,400
Assessed improvement
$22,449,100
Land market value
$3,783,400
Improvement market value
$22,449,100
Total market value
$26,232,500
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
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
3
Total area
179,662 SF
Lot
8.06 ac (351,094 SF)
Zoning code
M-1
APN
14-13-326-003
UPID
US86-0380617
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
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
3
Lot
8.06 ac
Current owner
From public records · entity-resolved
Lrf3 Slc Landmark III LLC
Entity
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2025
—
Lrf3 Slc Landmark III LLC
Landmark III Property Owner LP
Special Warranty Deed
$182,560,000 · Pgim Real Estate Us Debt Fund Reit
Dec 23, 2020
—
Landmark III Property Owner LP
Landmark III Property LLC
Quit Claim Deed
$206,418,600 · Rbc R/e Cap Corp
Mar 31, 2005
—
Landmark III Property LLC
Vista,rio III
Quit Claim Deed
related
$5,775,000 · Principal Life Insurance Co
Jan 10, 2005
—
Rio Vista III
I&g Direct Real Estate 2 LP
Special Warranty Deed
$6,100,000 · Wells Fargo Bank NA
—
—
Landmark III Property LLC
—
Deed Of Trust
related
$6,600,000 · 40/86 Mtg Cap
—
—
I LP
—
Deed Of Trust
related
$13,000,000 · German American Capital Corp
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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