Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2331 2200th W Salt Lake City, UT 84116-1145
    Back to Search
    Property profile & analytics

    2331 2200th W, Salt Lake City, UT 84116-1145

    View on Map
    • Distribution centers
    • 341,106 SF
    • 18.44 lot acres
    Off-Market
    Last Sale Dec 15, 2023
    Property ID
    US86-0092260
    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.
    Value Estimations
    $7,445,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 2331 2200th W

    Lot size
    18.44 lot acres
    Zone code
    B-P
    Property type
    Distribution centers
    APN
    08-16-401-001
    APU
    816401001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 15, 2023 — Natures Bakery LLC Airport Industrial I LLC Special Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.956
    Latitude
    40.8176
    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
    2024
    $484,312
    $5,591,800
    $45,233,300
    $50,825,100
    -
    $5,591,800
    $45,233,300
    $50,825,100

    Comparable in this City

    • Value Estimation
      $6,915,000
      101,987 SF

      5725 Amelia Earhart Dr

      DISTRIBUTION WAREHOUSE
      5725 Amelia Earhart Dr, Salt Lake City, UT 84116-4167
      View Details
    • Value Estimation
      $4,180,000
      148,875 SF

      6010 Amelia Earhart Dr

      DISTRIBUTION WAREHOUSE
      6010 Amelia Earhart Dr, Salt Lake City, UT 84116-3769
      View Details
    • Value Estimation
      $3,205,000
      103,430 SF

      2150 2200th W

      DISTRIBUTION WAREHOUSE
      2150 2200th W, Salt Lake City, UT 84116-1133
      View Details
    • Value Estimation
      $8,100,000
      380,631 SF

      2220 2200th W

      DISTRIBUTION WAREHOUSE
      2220 2200th W, Salt Lake City, UT 84116-1154
      View Details
    • Value Estimation
      $8,760,000
      138,720 SF

      2390 2200th W

      DISTRIBUTION WAREHOUSE
      2390 2200th W, Salt Lake City, UT 84116-1152
      View Details
    • Value Estimation
      $7,395,000
      388,906 SF

      5520 Harold Gatty Dr

      DISTRIBUTION WAREHOUSE
      5520 Harold Gatty Dr, Salt Lake City, UT 84116-3725
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      42,767 SF

      Salt Lake City Industrial Asset

      High-quality industrial asset in Salt Lake City's Airport submarket.
      5950 W Amelia Earhart Dr, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      3,269 SF

      Historic Flex Building in Salt Lake

      Unique commercial/residential flex building with tons of potential.
      730 W 400 N, Salt Lake City, UT 84116
      View Details
    • $2,499,000
      0.50 Acres

      Commercial Property with Secure Yard

      9000 SF commercial building with showroom, shop, and warehouse.
      1621 N Beck St, Salt Lake City, UT 84116
      View Details
    • $4,018,410
      3 SF

      Industrial Land in Salt Lake

      3.69 acres of industrial land with two buildings.
      1200 Beck St, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      61,700 SF

      Industrial Facility with Highway Access

      61,700 SF industrial facility with easy highway access.
      1125 W 2300 N, Salt Lake City, UT 84116
      View Details
    • Contact for pricing

      Prime Land Near Airport

      0.757 acres near I-80 exit and Salt Lake Airport.
      296 Apollo Rd, Salt Lake City, UT 84116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      572,000 SF

      Large Industrial Leasing Opportunities

      Multiple large industrial leasing opportunities with access to major transportation.
      2691 N 3200 W, Salt Lake City, UT 84116
      View Details
    • $9 SF/Yr
      57,444 SF

      Salt Lake City Warehouse Space

      Multiple warehouse spaces available, 5,400-19,471 sq ft.
      4750 Wiley Post Way, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      874,657 SF

      Salt Lake City Industrial Space

      Modern Manufacturing/Distribution Facility
      821 6550, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      190,188 SF

      Rear-Load Flex Distribution Facility

      Under-construction rear-load flex distribution facility with high clearance, secured yard, and substantial power for demanding operations.
      7588 West Ave North, Salt Lake City, UT 84116
      View Details
    • Contact for pricing

      Distribution Facility For Lease

      Planned 1,012,460 Sq. Ft. Class A Distribution Facility
      700-800 North West Ave West, Salt Lake City, UT 84116
      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.
      7744-7588 West Ave North, Salt Lake City, UT 84116
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2331 2200th W
    Salt Lake City, UT 84116-1145
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2331 2200th W, Salt Lake City, UT, 84116
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!