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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Distribution centers
190 640th W North Salt Lake, UT 84054-2713
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0401049
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1981
Construction
METAL FRAME
Total area
12,000 SF
Lot
1.27 ac (55,191 SF)
Zoning code
MD
APN
01-087-0003
UPID
US86-0401049
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
-
La Diana Tortilla and Bakery Factory Casa Mexico Foods Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$492k
Blend (final)
Blend
$505k
Owner & transaction history
La Diana Tortilla And Bakery Factor · 2 yrs held
La Diana Tortilla And Bakery Factor
since 2023
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
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$420,000
Current use
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$42 / 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
$15,083
Tax year 2024
Assessed value
$806,475
Assessed 2024
Previous assessed
$806,475
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$254,817
Assessed improvement
$551,658
Land market value
$463,304
Improvement market value
$1,003,016
Total market value
$1,466,320
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
1981
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
12,000 SF
Lot
1.27 ac (55,191 SF)
Zoning code
MD
APN
01-087-0003
UPID
US86-0401049
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
$420,000
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
1981
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
La Diana Tortilla And Bakery Factor
Individual
Mailing address
190 N 640TH W, NORTH SALT LAKE, UT 84054-2713
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2023
—
La Diana Tortilla And Bakery Factor
Tlanipa Company LLC
Assignment Of Lease (leasehold Sale)
$715,000 · United States Small Business Admin
Sep 17, 2021
—
Tlanlpa Company LLC
—
Deed
related
$221,900 · Us Bank NA
Jan 9, 2020
—
Tianipa Company LLC
Cardall S Properties Three LLC
Warranty Deed
$689,300 · Us Bank NA
Dec 29, 2016
—
Cardalls Properties Three LLC
Cardalls Properties LLC
Quit Claim Deed
related
—
Aug 17, 2012
—
Cardalls Properties LLC
J R Schwenkfelder & Bonnie P S
Warranty Deed
$319,100 · Ireland Bank
Sep 8, 2011
—
J R Schenkfelder
—
Deed Of Trust
related
$8,000,000 · Zions First National Bank
Sep 3, 2009
—
JR Schwenkfelder
—
Deed Of Trust
related
$17,265,763 · Zions First National Bank
Jul 28, 1998
—
Schwenkfelder J R
National Fiil Service INC
Grant Deed
related
—
—
—
JR Schwenkfelder
—
Deed Of Trust
related
$3,100,000 · Zions First National Bank
—
—
J R Schwenkfelder
—
Deed Of Trust
related
$3,100,000 · Zions First National Bank
—
—
Schwenkfelder J R
—
Deed Of Trust
related
$480,000 · First Security Bank
—
—
JR Schwenkfelder
—
Deed Of Trust
related
$986,120 · Zions First National Bank
—
—
JR Schwenkfelder
—
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.
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