Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1885 Milestone Dr Salt Lake City, UT 84104-6558

    • Warehouses
    • 27,224 SF
    • 3.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0439698
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Nippon Express USA / Freight Forwarding Service
    • Mountain States Concessions / Popcorn Store
    • Presort Essentials / Mailing Service
    • Westar Supply / Store
    • Salt Lake Cabinet / Cabinet Maker

    Property Details for 1885 Milestone Dr

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.00 lot acres
    Property size
    27,224 SF
    Zone code
    M-1
    Property type
    Warehouses
    APN
    15-16-352-005
    APU
    1516352005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,030,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,288,000
      Market price range: $599k - $1.76M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,160,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,305,000
      Change: +13% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.964
    Latitude
    40.7311
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $49,278
    $2,091,500
    $3,079,900
    $5,171,400
    -
    $2,091,500
    $3,079,900
    $5,171,400

    Comparable in this City

    • Value Estimation by Request
      46,234 SF

      455 West Ct

      Distribution properties • 46,234 SF
      455 West Ct, Salt Lake City, UT 84104
      View Details
    • Value Estimation by Request
      53,553 SF

      815 1700

      Flex space • 53,553 SF
      815 1700, Salt Lake City, UT 84104
      View Details
    • Value Estimation
      $1,420,000
      36,000 SF

      1701 5350th W

      WAREHOUSE, STORAGE • 36,000 SF
      1701 5350th W, Salt Lake City, UT 84104-4730
      View Details
    • Value Estimation
      $660,000
      10,350 SF

      1720 Indiana Ave

      WAREHOUSE, STORAGE • 10,350 SF
      1720 Indiana Ave, Salt Lake City, UT 84104-3608
      View Details
    • Value Estimation
      $760,000
      31,101 SF

      1770 Sequoia Vis Cir

      WAREHOUSE, STORAGE • 31,101 SF
      1770 Sequoia Vis Cir, Salt Lake City, UT 84104-5133
      View Details
    • Value Estimation by Request
      14,784 SF

      3565 900th S

      WAREHOUSE, STORAGE • 14,784 SF
      3565 900th S, Salt Lake City, UT 84104-4507
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Versatile Office Warehouse Space

      4,000 SF office/warehouse with easy access to downtown.
      1020 West Colmar Ave, Salt Lake City, UT 84104
      View Details
    • $6,075,000
      31,716 SF

      Salt Lake City Warehouse For Sale

      31,716 SF warehouse on 1.97 AC near I-15.
      3685 S 500 W, Salt Lake City, UT 84104
      View Details
    • $1,300,000
      3,052 SF

      Salt Lake City Industrial Property

      Industrial property with warehouse and office space in Salt Lake.
      971 W Margaret Ave, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      33,891 SF

      Salt Lake City Warehouse Space

      Warehouse space near Bangerter Highway and Salt Lake International Airport.
      1906 S 3850 W, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      39,981 SF

      Industrial Crane Manufacturing Facility

      Industrial facility in Salt Lake City, fully leased through 2033.
      1595 S Pioneer Rd, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      33,891 SF

      Salt Lake City Industrial Space

      33,891 SF Industrial Building, Utah
      1906 3850, Salt Lake City, UT 84104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      46,234 SF

      Copper Crossing Warehouse - For Lease

      Modern Warehouse, 46,234 SF, Salt Lake County
      455 South Brg, Salt Lake City, UT 84104
      View Details
    • $11 SF/Yr
      68,996 SF

      Salt Lake City Industrial Space

      69,000 SF Warehouse, Ample Yard
      1874 Pioneer Rd, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      147,730 SF

      Salt Lake City Warehouse Space

      147,730 SF warehouse with dock and ground doors.
      1635 S 5070 W, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      42,000 SF

      Salt Lake City Warehouse Space

      42,000 SF warehouse space near Salt Lake City Airport.
      3195 W Professional Cir, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      90,087 SF

      Industrial Space with Manufacturing Infrastructure

      90,087 SF industrial space with manufacturing and office areas.
      1960 S 4250 W, Salt Lake City, UT 84104
      View Details
    • $0.87 SF/Yr
      25,120 SF

      Industrial Space Near Airport

      Warehouse space available near Salt Lake City International Airport.
      720 S Gladiola St, Salt Lake City, UT 84104
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1885 Milestone Dr
    Salt Lake City, UT 84104-6558
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.