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Property profile & analytics
FOR LEASE
Grocery and convenience stores
2039 East South Sandy, UT 84093
Entity Owned
Absentee Owner
Free & Clear
Property ID
US86-0897743
For Lease
1 / 9
$22 SF/Yr
2039 East South, Sandy, UT 84093
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1978
Total area
66,303 SF
Lot
5.6 ac (243,936 SF)
Zoning code
CN
APN
28-03-351-036
UPID
US86-0897743
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
-
U.S. Bank Branch Bank Loan Service
-
Ocean Ice Restaurant Take-out & Catering
-
Smith's Fuel Center Gas Station
-
Smith's Grocery & Convenience Store Food Market
-
Coinstar Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.39M
Owner & transaction history
Lube Properties LLC
Lube Properties LLC
since 2025
5 recorded transactions
Zoning & alternative use
CN · Sandy, 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 Sandy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy 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
RETAIL STORES
$5,355,000
Current use
WAREHOUSE, STORAGE
$5,030,000
Change: -6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,685,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$3.39M
Range $3.05M – $3.72M · ±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
$51 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$108,320
Tax year 2023
Assessed value
$11,147,500
Assessed 2023
Previous assessed
$11,147,500
+0.0% YoY
Effective rate
0.97%
On assessed value
Assessed land
$3,713,900
Assessed improvement
$7,433,600
Land market value
$3,713,900
Improvement market value
$7,433,600
Total market value
$11,147,500
Applied tax rate
35.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1978
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
66,303 SF
Lot
5.6 ac (243,936 SF)
Zoning code
CN
APN
28-03-351-036
UPID
US86-0897743
Jurisdiction
SALT LAKE
Zoning & alternative use
CN · Sandy, UT
Zoning CN · permitted uses
CN · Sandy, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sandy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$4.7M
RETAIL STORES Current
WAREHOUSE, STORAGE
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
1978
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.6 ac
Current owner
From public records · entity-resolved
Lube Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1014 VINE ST, CINCINNATI, OH 45202-1141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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 6, 2026
—
Lube Properties Lc
—
Deed
related
$1,404,000 · Zb NA
Dec 4, 2025
—
Lube Properties LLC
Smiths Food & Drug Centers INC
Deed
related
—
Mar 11, 2025
—
Smiths Food & Drug Centers INC
Smiths Food & Drug Centers INC
Deed
related
—
Aug 17, 2018
—
Jpk Canyon Center Owner LLC
Pacific Castle Cyn Ctr LLC
Trustees Deed
$6,700,000 · Starwood Mtg Cap
—
—
Pacific Castle Canyon Center L
—
Deed Of Trust
related
$6,272,500 · 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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