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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Grocery and convenience stores
2175 Redwood Rd, Salt Lake City, UT 84119-1319
Individually Owned
9-yr Hold
Free & Clear
Property ID
US86-1445593
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,792 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C-2
APN
15-22-202-017
UPID
US86-1445593
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
-
Maverik Adventure's First Stop Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$585k
Owner & transaction history
West Vly Cty · 9 yrs held
West Vly Cty
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$835,000
+217.1%
Medical building
$765,000
+189.6%
Restaurant
$615,000
+134.0%
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
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$835,000
Change: +217% · Conversion: Easy
MEDICAL BUILDING
$765,000
Change: +190% · Conversion: Difficult
RESTAURANT
$615,000
Change: +134% · Conversion: Difficult
RETAIL STORES
$405,000
Change: +53% · Conversion: Easy
AUTO REPAIR, GARAGE
$390,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$101 / 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
$29,900
Tax year 2023
Assessed value
$2,412,100
Assessed 2023
Previous assessed
$2,412,100
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$804,500
Assessed improvement
$1,607,600
Land market value
$804,500
Improvement market value
$1,607,600
Total market value
$2,412,100
Applied tax rate
24.0000
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
CONVENIENCE STORE
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
5,792 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C-2
APN
15-22-202-017
UPID
US86-1445593
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Salt Lake City, UT
Zoning C-2 · permitted uses
C-2 · 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
COMMERCIAL (GENERAL)
Est. value
$835,000
MEDICAL BUILDING
Est. value
$765,000
RESTAURANT
Est. value
$615,000
RETAIL STORES
Est. value
$405,000
AUTO REPAIR, GARAGE
Est. value
$390,000
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
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
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
West Vly Cty
Individual
Free & Clear · 9 yrs held
Mailing address
185 S STATE ST STE #800, SALT LAKE CITY, UT 84111-1549
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2017
—
West Vly Cty
Redwood Pg LLC
Warranty Deed
—
Oct 10, 2014
—
Redwood Pg LLC
Metro Business Flex 8 LLC
Special Warranty Deed
$1,080,000 · Wells Fargo Bank NA
Mar 10, 2006
—
Metro Business Flex 8 LLC
Thompson Family Trust
Grant Deed
related
—
Sep 7, 2005
—
Utah Dept Of Transportation
Thompson Family Trust
Warranty Deed
related
—
Sep 15, 2004
—
Thompson Trust
Harkonnen Acquisitions LLC
Trustees Deed
$6,900,000 · Column Fin'l
May 10, 2004
—
Jl Ventures LLC
Transwestern Metro Business
Grant Deed
$12,173,000 · Us Bank NA
Dec 18, 2001
—
Transwestern Metro Business Pk
—
Deed Of Trust
related
$13,000,000 · Comerica Bank
—
—
Redwood Pg LLC
—
Loan Modification
related
$948,954 · Wells Fargo Bk
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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