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    Property profile & analytics

    2175 Redwood Rd Salt Lake City, UT 84116-1240

    • Investment properties
    • 1,271 SF
    • 2.81 lot acres
    OFF-MARKET
    Last Sale
    May 09, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0239865
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Maverik Adventure's First Stop / Gas Station

    Property Details for 2175 Redwood Rd

    Year built
    1966
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.81 lot acres
    Property size
    1,271 SF
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    08-15-376-013
    APU
    815376013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.94
    Latitude
    40.8146
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,912
    $883,000
    $18,500
    $901,500
    -
    $883,000
    $18,500
    $901,500

    Comparable in this City

    • Value Estimation
      $1,065,000
      13,490 SF

      208 2100th W Ste, Unit 200

      STORE/OFFICE (MIXED USE) • 13,490 SF
      208 2100th W Ste, Salt Lake City, UT 84116-2951
      View Details
    • Value Estimation
      $2,580,000
      18,601 SF

      1815 Independence Blvd

      STORE/OFFICE (MIXED USE) • 18,601 SF
      1815 Independence Blvd, Salt Lake City, UT 84116-1461
      View Details
    • Value Estimation
      $860,000
      40,500 SF

      208 2100th W

      STORE/OFFICE (MIXED USE) • 40,500 SF
      208 2100th W, Salt Lake City, UT 84116-2930
      View Details
    • Value Estimation
      $5,130,000
      154,797 SF

      480 2200th W

      STORE/OFFICE (MIXED USE) • 154,797 SF
      480 2200th W, Salt Lake City, UT 84116-2923
      View Details
    • Value Estimation
      $3,840,000
      91,890 SF

      950 2200th W

      STORE/OFFICE (MIXED USE) • 91,890 SF
      950 2200th W, Salt Lake City, UT 84116
      View Details
    • Value Estimation by Request
      279,665 SF

      250 1950th W

      STORE/OFFICE (MIXED USE) • 279,665 SF
      250 1950th W, Salt Lake City, UT 84116-4578
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Land Development Opportunity with Income

      0.94 acres for development with existing income-producing fourplex.
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      The Chicago: 137-Unit Apartment Complex

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      Salt Lake City Industrial Land

      10.13 acres of industrial land with strategic location.
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    • $824,900
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      Salt Lake City Investment Opportunity

      Updated multifamily property near amenities and downtown Salt Lake City.
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      Airport-Adjacent Development Land

      Prime 1.92-acre lot, hotel project approved.
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    Similar Nearby for Lease

    • $10 SF/Yr
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      Salt Lake City Warehouse For Lease

      Large Industrial Space Available Now
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      27,911 SF

      Industrial Space Near Airport

      Industrial property available for lease near major freeways and airport.
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      View Details
    • Contact for pricing
      355,176 SF

      Distribution Facilities Under Construction

      Rear-load/flex distribution facilities under construction, spaces starting at 25,200 SF.
      7200-8000 West Ct North, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      6,913 SF

      Convenient Office Space Near Airport

      Office space with freeway visibility and airport proximity.
      220 N 2200 W, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      300,000 SF

      Salt Lake City Industrial Space

      Modern industrial space, flexible options.
      485 Jimmy Doolittle Rd, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      47,555 SF

      Furnished Office Space with Amenities

      Furnished office space with fitness center and easy highway access.
      5202 W Douglas Corrigan Way, Salt Lake City, UT 84116
      View Details

    Property Visit Statistics

    • Visits by month
      20.3k
    • Visitors by month
      12.2k
    • Avg Time on site
      10 min
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    2175 Redwood Rd
    Salt Lake City, UT 84116-1240
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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