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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Manufacturing properties
2195 Warm Spgs Rd Salt Lake City, UT 84116-2351
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US86-0511878
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2009
Construction
STEEL FRAME
Total area
12,450 SF
Lot
0.96 ac (41,818 SF)
Zoning code
M-1
APN
08-23-126-013
UPID
US86-0511878
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$541k
Blend (final)
Blend
$565k
Owner & transaction history
Badger Springs LLC · 5 yrs held
Badger Springs LLC
since 2021
7 recorded transactions
Zoning & alternative use
M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$905,000
+90.1%
Neighborhood: shopping center
$595,000
+25.8%
Warehouse, storage
$540,000
+14.2%
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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$475,000
Current use
AUTO REPAIR, GARAGE
$905,000
Change: +90% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$595,000
Change: +26% · Conversion: Difficult
WAREHOUSE, STORAGE
$540,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$45 / 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
$21,860
Tax year 2024
Assessed value
$2,294,100
Assessed 2024
Previous assessed
$2,294,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$438,300
Assessed improvement
$1,855,800
Land market value
$438,300
Improvement market value
$1,855,800
Total market value
$2,294,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
12,450 SF
Lot
0.96 ac (41,818 SF)
Zoning code
M-1
APN
08-23-126-013
UPID
US86-0511878
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Salt Lake City, UT
Zoning M-1 · permitted uses
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
INDUSTRIAL (GENERAL) Current
Est. value
$475,000
AUTO REPAIR, GARAGE
Est. value
$905,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$540,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2009
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Badger Springs LLC
Entity
Mailing address
2195 N WARM SPGS RD, SALT LAKE CITY, UT 84116-2351
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2021
—
Badger Springs LLC
—
Deed
related
$600,000 · West Smal Business Finance
Feb 26, 2021
—
Badger Springs LLC
Jeffrey Austin Leeper
Warranty Deed
$1,320,615 · Cache Valley Bank
Mar 27, 2020
—
Leeper Family Trust
Jeffrey A Leeper
Quit Claim Deed
related
—
Oct 25, 2019
—
Jeffrey A Leeper
—
Deed
related
$550,000 · Utah First FCU
Aug 29, 2018
—
Jeffrey A Leeper
Craig & Tracy Properties LLC
Warranty Deed
$450,000 · George C Leeper
Apr 10, 2017
—
Craig & Tracy Properties LLC
—
Grant Deed
related
$2,310,000 · Cache Vly Bk
May 26, 2009
—
Craig & Tracy Properties LLC
—
Trustees Deed
related
$748,000 · Bank Of Utah
Apr 18, 2007
—
Craig & Tracy Properties LLC
Dupaix,s Craig & Tracy
Quit Claim Deed
—
Aug 27, 2004
—
Dupaix S C
Dupaix,larry L & Janis O
Quit Claim Deed
related
$640,000 · First National Bank Layton
—
—
Craig & Tracy Properties LLC
—
Deed Of Trust
related
$701,250 · Cache Valley Bank
—
—
Craig & Tracy Properties LLC
—
Deed Of Trust
related
$300,000 · Bank Of Utah
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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