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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Industrial properties
2440 1070th W, West Valley City, UT 84119-1521
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0558456
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,385 SF
Lot
1.99 ac (86,684 SF)
Zoning code
B/RP
APN
15-23-154-012
UPID
US86-0558456
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
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.17M
Owner & transaction history
Meridian Metro LLC · 4 yrs held
Meridian Metro LLC
since 2021
7 recorded transactions
Zoning & alternative use
B/RP · West Valley City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+69.4%
Auto repair, garage
$1.6M
+62.5%
Warehouse, storage
$1.5M
+45.4%
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 West Valley City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Valley 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
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,005,000
Current use
RETAIL STORES
$1,705,000
Change: +69% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,635,000
Change: +63% · Conversion: Easy
WAREHOUSE, STORAGE
$1,465,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$48 / 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
$57,334
Tax year 2024
Assessed value
$4,831,000
Assessed 2024
Previous assessed
$4,831,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$725,800
Assessed improvement
$4,105,200
Land market value
$725,800
Improvement market value
$4,105,200
Total market value
$4,831,000
Applied tax rate
24.0000
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
3
Total area
24,385 SF
Lot
1.99 ac (86,684 SF)
Zoning code
B/RP
APN
15-23-154-012
UPID
US86-0558456
Jurisdiction
SALT LAKE
Zoning & alternative use
B/RP · West Valley City, UT
Zoning B/RP · permitted uses
B/RP · West Valley City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Valley City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.0M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
1.99 ac
Current owner
From public records · entity-resolved
Meridian Metro LLC
Entity
Mailing address
2602 E WALKER LN, HOLLADAY, UT 84117-7731
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2021
—
Meridian Metro LLC
Vence Ventures LLC
Warranty Deed
—
Aug 28, 2018
—
Vence Ventures LLC
Keller Properties LLC
Warranty Deed
$3,200,000 · Mountain America FCU
Jun 20, 2012
—
Keller Properties LLC
Keller Properties Metro 13 LLC
Quit Claim Deed
related
—
Nov 9, 2009
—
Keller Properties Metro 16 LLC
For 1031 Metro 16 LLC
Grant Deed
—
Mar 5, 2004
—
For 1031 Metro 12 LLC
Dbsi Metro Annex LLC
Grant Deed
related
—
Mar 4, 2004
—
Dbsi Metro Annex LLC
Map 7 Lc
Grant Deed
related
—
Mar 26, 2003
—
Map 13 Lc
Clayton Johnson Moyer LLC
Quit Claim Deed
related
—
May 21, 2002
—
M & T Investments LLC
Map 13 Lc
Grant Deed
related
—
—
—
Keller Properties Metro 13 LLC
—
Deed Of Trust
related
$532,476 · Keller Family Trust (pt)
—
—
Keller Properties Metro 13 LLC
—
Deed Of Trust
related
$532,476 · Keller Family Trust (pt)
—
—
Keller Props Metro 13 LLC
—
Deed Of Trust
related
$70,047 · Keller Family Trust (pt)
—
—
Map 13 Lc
—
Deed Of Trust
related
$1,320,000 · Canada Life Assurance 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.
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