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Property profile & analytics
OFF-MARKET
Warehouses
2277 700th S Springville, UT 84663-6154
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US86-0697945
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2021
Total area
58,699 SF
Lot
8.29 ac (361,069 SF)
APN
66-273-0005
UPID
US86-0697945
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
-
Elevated Insurance Advisors Insurance Agency
-
Redd Summit Advisors Insurance Agency
-
Elevated Private Wealth Advisors Financial Advisor
-
Tamarak Capital Corporate Office
-
Reach Reporting Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tamarak Properties LLC · 8 yrs held
Tamarak Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
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 Springville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$111,857
Tax year 2023
Assessed value
$11,205,900
Assessed 2023
Previous assessed
$11,205,900
+0.0% YoY
Effective rate
1.00%
On assessed value
Land market value
$1,594,100
Improvement market value
$9,611,800
Total market value
$11,205,900
Applied tax rate
131.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2021
Heating
SPACE
Stories
1
Total area
58,699 SF
Lot
8.29 ac (361,069 SF)
APN
66-273-0005
UPID
US86-0697945
Jurisdiction
UTAH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2021
Heating
SPACE
Stories
1
Lot
8.29 ac
Current owner
From public records · entity-resolved
Tamarak Properties LLC
Entity
Mailing address
2277 W 700TH S, SPRINGVILLE, UT 84663-6154
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
Mar 2, 2020
—
Tamarak Properties LLC
—
Deed
related
$6,950,000 · Miscellaneous Ins Co
Dec 23, 2019
—
Tamarak Properties LLC
—
Deed
related
$775,000 · Rock Canyon Bank
Aug 9, 2018
—
Tamarak Properties LLC
—
Deed
related
$5,750,000 · Bank Of American Fork
Aug 3, 2017
—
Tamarak Properties LLC
Tamarak LLC
Quit Claim Deed
related
$5,250,000 · Bank Of American Fork
Sep 29, 2016
—
Tamarak LLC
Spring Haven Farms Lc
Warranty Deed
$912,019 · Rock Canyon Bank
—
—
Tamarak Properties LLC
—
Deed Of Trust
related
$775,000 · Rock Canyon Bk
—
—
Tamarak Properties LLC
—
Loan Modification
related
$5,750,000 · Bank Of American Fork
—
—
Tamarak Properties LLC
—
Deed Of Trust
related
$6,950,000 · Miscellaneous Ins Co
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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