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Property profile & analytics
FOR LEASE
Industrial properties
1865 South Brg South, Salt Lake City, UT 84119
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0291075
For Lease
$19 SF/Yr
1865 South Brg South, Salt Lake City, UT 84119
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,688 SF
Lot
3.31 ac (144,184 SF)
Zoning code
CG
APN
15-22-101-010
UPID
US86-0291075
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
-
Beijer Electronics Inc. Industrial Manufacturer Production Facility
-
OMNIQ PARKING Freight Service Logistics Company
-
Micronet Industrial Manufacturer Production Facility
-
omniQ Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$3.15M
Owner & transaction history
Centrepointe Properties LLC · 8 yrs held
Centrepointe Properties LLC
since 2018
7 recorded transactions
Zoning & alternative use
CG · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.8M
+69.4%
Auto repair, garage
$3.6M
+62.5%
Warehouse, storage
$3.2M
+45.4%
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
INDUSTRIAL (GENERAL)
$2,215,000
Current use
RETAIL STORES
$3,750,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,600,000
Change: +63% · Conversion: Easy
WAREHOUSE, STORAGE
$3,220,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$3.15M
Range $2.83M – $3.46M · ±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
$59 / 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
$199,278
Tax year 2024
Assessed value
$19,820,800
Assessed 2024
Previous assessed
$19,820,800
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$2,054,600
Assessed improvement
$17,766,200
Land market value
$2,054,600
Improvement market value
$17,766,200
Total market value
$19,820,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
2
Units
1
Total area
53,688 SF
Lot
3.31 ac (144,184 SF)
Zoning code
CG
APN
15-22-101-010
UPID
US86-0291075
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.2M
RETAIL STORES
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
2
Units
1
Lot
3.31 ac
Current owner
From public records · entity-resolved
Centrepointe Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3115 E LION LN STE #300, HOLLADAY, UT 84121-3527
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Sep 24, 2020
—
Ceritrepointc Properties LLC
—
Deed
related
$12,850,000 · Unify Financial FCU
Mar 30, 2018
—
Centrepointe Peoperties LLC
—
Deed
related
$13,370,000 · Unify Financial FCU
Feb 22, 2018
—
Centrepointe Properties LLC
Centrepoint Properties LLC
Quit Claim Deed
related
—
Apr 29, 2011
—
Centrepointe Properties LLC
—
Deed Of Trust
related
$25,915,317 · Wells Fargo Bank
Mar 3, 2010
—
Centrepointe Properties LLC
—
Deed Of Trust
related
$25,915,317 · Wells Fargo Bank
—
—
Centrepointe Properties LLC
—
Loan Modification
related
$13,900,000 · Wells Fargo Bk
—
—
Centrepointe Properties LLC
—
Deed Of Trust
related
—
—
—
Centrepointe Properties LLC
—
Deed Of Trust
related
—
—
—
Centrepointe Properties LLC
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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