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Property profile & analytics
FOR LEASE
Manufacturing properties
2400 S 600 W, Salt Lake City, UT 84106
Entity Owned
6-yr Hold
Free & Clear
Property ID
US86-0277255
For Lease
1 / 2
$12 SF/Yr
2400 S 600 W, Salt Lake City, UT 84106
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
58,983 SF
Lot
3 ac (130,680 SF)
Zoning code
FLEX
APN
15-24-301-001
UPID
US86-0277255
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
$3.18M
Blend (final)
Blend
$3.48M
Owner & transaction history
2400 LLC · 6 yrs held
2400 LLC
since 2019
7 recorded transactions
Zoning & alternative use
FLEX · South Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.7M
+78.8%
Auto repair, garage
$4.9M
+54.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,185,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,690,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,915,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±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
$59 / 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
$90,372
Tax year 2024
Assessed value
$7,910,700
Assessed 2024
Previous assessed
$7,910,700
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,140,800
Assessed improvement
$6,769,900
Land market value
$1,140,800
Improvement market value
$6,769,900
Total market value
$7,910,700
Applied tax rate
14.0000
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
For Lease
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Total area
58,983 SF
Lot
3 ac (130,680 SF)
Zoning code
FLEX
APN
15-24-301-001
UPID
US86-0277255
Jurisdiction
SALT LAKE
Zoning & alternative use
FLEX · South Salt Lake, UT
Zoning FLEX · permitted uses
FLEX · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
AUTO REPAIR, GARAGE
Est. value
$4.9M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Lot
3 ac
Current owner
From public records · entity-resolved
2400 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 25091, SALT LAKE CITY, UT 84125-0091
Ownership since
2019
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
Oct 18, 2019
—
2400 LLC
Salt Lk City Sw Ventures LLC
Warranty Deed
—
Sep 24, 2008
—
Slc I Series
Salt Lake City South West Vent
Warranty Deed
—
Apr 30, 2008
—
Phoenix Osborn Ventures LLC
Salt Lake City South West Vent
Warranty Deed
—
Feb 20, 2008
—
Salt Lake City Southwest Ventu
Cure Properties LLC
Warranty Deed
$3,900,000 · Nevada Commerce Bank
Jan 14, 2002
—
Cure Properties LLC
Lyon Design INC
Grant Deed
$1,920,000 · Bank Of Utah
Apr 12, 2001
—
Paul D Lyon
—
Deed Of Trust
related
$5,500,000 · Zions First National Bank
Sep 5, 1997
—
Lyon Design INC
John H Harland Co
Grant Deed
$2,052,000 · Zions First National Bank
—
—
Cure Properties LLC
—
Deed Of Trust
related
$1,193,000 · Greater Salt Lake Business Dis
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?”
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