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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Warehouses
2050 Redwood Rd Salt Lake City, UT 84116-1231
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0314809
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,960 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M1
APN
08-15-455-002
UPID
US86-0314809
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
-
Lamons Gasket Co Building Supply Construction Company
-
Time Graphix (Bike/Boat/Book/etc) Store Printing Service
-
Pathway Directional Boring Construction Company General Contractor
-
zNitro Corporate Office
-
Torq Motorsports Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$875k
Owner & transaction history
Phoenix 2006 Partners LLC · 9 yrs held
Phoenix 2006 Partners LLC
since 2017
5 recorded transactions
Zoning & alternative use
M1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+10.1%
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
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,045,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,150,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$1,030,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$37 / 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
$28,167
Tax year 2024
Assessed value
$2,955,900
Assessed 2024
Previous assessed
$2,955,900
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$434,500
Assessed improvement
$2,521,400
Land market value
$434,500
Improvement market value
$2,521,400
Total market value
$2,955,900
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
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
5
Total area
23,960 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M1
APN
08-15-455-002
UPID
US86-0314809
Jurisdiction
SALT LAKE
Zoning & alternative use
M1 · Salt Lake City, UT
Zoning M1 · permitted uses
M1 · 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
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.0M
WAREHOUSE, STORAGE Current
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
5
Lot
0.95 ac
Current owner
From public records · entity-resolved
Phoenix 2006 Partners LLC
Entity
Free & Clear · 9 yrs held
Mailing address
5112 N 40TH ST STE #105, PHOENIX, AZ 85018-9182
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
May 1, 2017
—
Phoenix 2006 Partners LLC
—
Loan Modification
related
$25,000,000 · Miscellaneous Ins Co
Mar 1, 2017
—
Phoenix 2006 Partners LLC
Phoenix Redwood Invs LLC
Quit Claim Deed
—
May 23, 2007
—
Ej Rosztoczy Redwood Invs LLC
Capitol Industries INC
Grant Deed
related
—
May 15, 2007
—
Phoenix Redwood Invs LLC
Redwood Investments LLC
Quit Claim Deed
related
—
—
—
Hb Associates
—
Deed Of Trust
related
$375,000 · Mountain America Cu
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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