Back to Search
Property profile & analytics
OFF-MARKET
Industrial properties
230 Cutler Dr Ste 12 North Salt Lake, UT 84054-2942
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0219874
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,046 SF
Lot
0.05 ac (2,178 SF)
Zoning code
CG
APN
01-406-0012
UPID
US86-0219874
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jas Investments LLC · 1 yrs held
Jas Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
CG · North Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide areas in appropriate locations where a combination of business, retail commerce, entertainment and related activities may be established
Zone name
General Commercial
General category
COMMERCIAL
Zone area
347.85 ac
Source
Realmo
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 North Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Salt Lake 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 2024Property tax & assessments
Tax year 2024
Tax billed
$4,569
Tax year 2024
Assessed value
$252,999
Assessed 2024
Previous assessed
$252,999
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$10,182
Assessed improvement
$242,817
Land market value
$18,513
Improvement market value
$441,487
Total market value
$460,000
Applied tax rate
244.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Total area
2,046 SF
Lot
0.05 ac (2,178 SF)
Zoning code
CG
APN
01-406-0012
UPID
US86-0219874
Jurisdiction
DAVIS
Zoning & alternative use
CG · North Salt Lake, UTZoning CG · permitted uses
CG · North Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide areas in appropriate locations where a combination of business, retail commerce, entertainment and related activities may be established
Zone name
General Commercial
General category
COMMERCIAL
Zone area
347.85 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
Jas Investments LLC
Entity
Mailing address
173 N PO BOX 9TH DR, CENTERVILLE, UT 84014-0009
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
—
Jas Investments LLC
Donald Speth
Warranty Deed
$1,109,000 · Enterprise Bank & Trust
Jan 13, 2023
—
Donald Speth
Donald K Speth
Intrafamily Transfer
related
—
Dec 23, 2021
—
Donald K Speth
—
Deed
related
$105,000 · Deseret First FCU
Jul 30, 2015
—
Speth,donald K & Susan S Trust
Independent Property Invs LLC
Warranty Deed
related
—
Jan 6, 2015
—
Celtic Investment INC
Celtic Bk Corp
Quit Claim Deed
related
—
Sep 9, 2011
—
Independent Property Invs LLC
Mushin Self Defense LLC
Warranty Deed
—
Jul 15, 2010
—
Mushin Self Defense LLC
Celtic Bk Corp
Grant Deed
—
Mar 22, 2010
$249,114
Celtic Bk Corp
Howell Reese S
Trustees Deed
related
—
Mar 18, 2008
—
Kqt Ents & Funding LLC
Kqt Ents & Funding Lc
Quit Claim Deed
$350,000 · Celtic Bank Corp
—
—
Speth,donald K & Susan S Trust
—
Deed Of Trust
related
$65,431 · Speth Donald K & S S Tr (pt)
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 230 Cutler Dr Ste, Unit 12?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
