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Property profile & analytics
FOR LEASE
Warehouses
1920 2200 W Salt Lake City, UT 84116
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-1403737
For Lease
1 / 3
$9.60 SF/Yr
1920 2200 W, Salt Lake City, UT 84116
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2021
Total area
59,495 SF
Lot
4.83 ac (210,395 SF)
Zoning code
IP-M-1
APN
08-21-226-029
UPID
US86-1403737
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
-
SRV Refrigeration Production Facility Industrial Manufacturer
-
MDCUSA Campers and Caravans (Salt Lake City, USA) Car Dealership
-
MDCUSA INC. Car Dealership
-
Mainfreight Salt Lake City Air & Ocean Freight Service Logistics Company
-
Simply Right Inc Commercial Cleaning Service Window Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$4.20M
Owner & transaction history
Sli II LLC · 4 yrs held
Sli II LLC
since 2021
5 recorded transactions
Zoning & alternative use
IP-M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.1M
+135.8%
Commercial (general)
$5.1M
+95.8%
Auto repair, garage
$4.3M
+66.4%
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
WAREHOUSE, STORAGE
$2,590,000
Current use
RETAIL STORES
$6,115,000
Change: +136% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,075,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,315,000
Change: +66% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,855,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$2,560,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$4.20M
Range $3.78M – $4.61M · ±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
$71 / 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
$163,371
Tax year 2024
Assessed value
$13,752,900
Assessed 2024
Previous assessed
$13,752,900
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$2,198,600
Assessed improvement
$11,554,300
Land market value
$2,198,600
Improvement market value
$11,554,300
Total market value
$13,752,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2021
Heating
SPACE
Stories
1
Units
9
Total area
59,495 SF
Lot
4.83 ac (210,395 SF)
Zoning code
IP-M-1
APN
08-21-226-029
UPID
US86-1403737
Jurisdiction
SALT LAKE
Zoning & alternative use
IP-M-1 · Salt Lake City, UT
Zoning IP-M-1 · permitted uses
IP-M-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$2.6M
RETAIL STORES
Est. value
$6.1M
COMMERCIAL (GENERAL)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.6M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2021
Heating
SPACE
Stories
1
Units
9
Lot
4.83 ac
Current owner
From public records · entity-resolved
Sli II LLC
Entity
Mailing address
1950 N 2200TH W, SALT LAKE CITY, UT 84116-1120
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
—
Sli II LLC
—
Deed
related
$5,000,000 · Allstate Insurance Company
Dec 27, 2021
—
Sli II LLC
Salt Lake Industrial LLC
Special Warranty Deed
—
Mar 16, 2021
—
Salt Lake Industrial LLC
—
Deed
related
$6,130,007 · Bank Of Utah
Dec 16, 2020
—
Salt Lake Industrial LLC
—
Deed
related
$3,176,181 · Bank Of Ut
—
—
Salt Lake Industrial LLC
—
Deed Of Trust
related
$3,176,181 · Bank Of Ut
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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