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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Industrial properties
190 Cutler Dr North Salt Lake, UT 84054-2968
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US86-0084120
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2010
Total area
18,720 SF
Lot
1.13 ac (49,092 SF)
Zoning code
CG
APN
01-222-0026
UPID
US86-0084120
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
-
Attostat Telecommunications Service
-
Farmers Salt Lake Insurance Agency
-
TruTech Laser Corporation Electronics & Wireless Store Big Box & Wholesale Store
-
Mountain West Lethal Precision (Bike/Boat/Book/etc) Store
-
Prime 90 Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.18M
Owner & transaction history
Building Investment Group LLC · 15 yrs held
Building Investment Group LLC
since 2010
6 recorded transactions
Zoning & alternative use
CG · North Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide areas in appropriate locations where a combination of business, retail commerce, entertainment and related activities may be established
Zone name
General Commercial
General category
COMMERCIAL
Zone area
347.85 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$1.6M
+38.1%
Auto repair, garage
$1.6M
+36.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,160,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,600,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,585,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$63 / 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
$21,805
Tax year 2024
Assessed value
$1,206,408
Assessed 2024
Previous assessed
$1,206,408
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$227,945
Assessed improvement
$978,463
Land market value
$414,447
Improvement market value
$1,779,025
Total market value
$2,193,472
Applied tax rate
244.0000
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
Off-Market
Year built
2010
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Units
1
Total area
18,720 SF
Lot
1.13 ac (49,092 SF)
Zoning code
CG
APN
01-222-0026
UPID
US86-0084120
Jurisdiction
DAVIS
Zoning & alternative use
CG · North Salt Lake, UTZoning CG · permitted uses
CG · North Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide areas in appropriate locations where a combination of business, retail commerce, entertainment and related activities may be established
Zone name
General Commercial
General category
COMMERCIAL
Zone area
347.85 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
2010
Heating
PACKAGE
Cooling
Yes
Stories
1
Units
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Building Investment Group LLC
Entity
Mailing address
190 CUTLER DR STE A, NORTH SALT LAKE, UT 84054-2969
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
Sep 9, 2010
—
Building Investment Group LLC
Camp Verde Partners LLC
Warranty Deed
$1,980,000 · Bank Of Utah
Mar 24, 2009
—
Camp Verde Partners LLC
—
Trustees Deed
related
$1,725,000 · Bank Of Utah
Feb 27, 2009
—
Camp Verde Partners LLC
Wsc Partners LLC
Warranty Deed
—
Jan 8, 2008
—
Wsc Partners LLC
Impact Zone Group LLC
Warranty Deed
—
Aug 11, 2000
—
Pacal Trust
Pacal,rudy M & Carol A
Quit Claim Deed
related
—
Aug 1, 1997
—
Impact Zone Group LLC
North Wood Associates Lc
Grant Deed
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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