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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Distribution centers
180 500th N North Salt Lake, UT 84054-2744
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-1365966
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2006
Construction
CONCRETE
Total area
17,470 SF
Lot
1.78 ac (77,537 SF)
Zoning code
MD
APN
01-266-0002
UPID
US86-1365966
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
-
Alpine Cleaning & Restoration Specialists, Inc. Construction Company General Contractor
-
Alpine Contractor General Contractor
-
Alpine Cleaning & Restoration Specialists Incorporated Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$751k
Blend (final)
Blend
$680k
Owner & transaction history
Alpine Property Invs Mgmt LLC · 13 yrs held
Alpine Property Invs Mgmt LLC
since 2013
7 recorded transactions
Zoning & alternative use
MD · North Salt Lake, 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 North Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Salt Lake 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
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$610,000
Current use
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$24,776
Tax year 2024
Assessed value
$1,325,499
Assessed 2024
Previous assessed
$1,325,499
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$282,513
Assessed improvement
$1,042,986
Land market value
$513,661
Improvement market value
$1,896,339
Total market value
$2,410,000
Applied tax rate
44.0000
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
Off-Market
Year built
2006
Construction
CONCRETE
Heating
SPACE
Stories
1
Units
1
Rooms
1
Total area
17,470 SF
Lot
1.78 ac (77,537 SF)
Zoning code
MD
APN
01-266-0002
UPID
US86-1365966
Jurisdiction
DAVIS
Zoning & alternative use
MD · North Salt Lake, UT
Zoning MD · permitted uses
MD · North Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$610,000
WAREHOUSE, STORAGE Current
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
CONCRETE
Heating
SPACE
Stories
1
Units
1
Rooms
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Alpine Property Invs Mgmt LLC
Entity
Mailing address
177 S MAIN ST, SMITHFIELD, UT 84335-1909
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2013
—
Alpine Property Invs Mgmt LLC
True Man LLC
Warranty Deed
$953,545 · Cache Valley Bank
Sep 22, 2008
—
True Man LLC
Leavitt,gary L & Cherie C
Warranty Deed
—
Jul 10, 2008
—
Gary L Leavitt
Land Exchange Corp
Grant Deed
—
Nov 21, 2005
—
Land Exchange Corp
Taylor,jerald M
Warranty Deed
—
Jul 26, 2005
—
Jerald M Taylor
Wiseman,jay
Warranty Deed
—
Jan 18, 2002
—
South Davis County Sewer Impro
Wiseman,jay
Grant Deed
related
—
—
—
Alpine Property Invs Mgmt LLC
—
Deed Of Trust
related
$529,747 · Cache Vly Bk
—
—
Alpine Property Invs Mgmt LLC
—
Deed Of Trust
related
$441,000 · Mountain W Small Busn Fin
—
—
Alpine Prop Invs Mgmt LLC
—
Deed Of Trust
related
$1,612,500 · Bank Of Ut
—
—
Jay Wiseman
—
Deed Of Trust
related
$206,800 · Jerald M Taylor
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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