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Property profile & analytics
OFF-MARKET
Estimated value
$9,300,000
Distribution centers
2475 3200th W, West Valley City, UT 84119-1674
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0196831
Property summary
AI-generated overview
This Class A industrial property, located at 2475 S 3200 W in West Valley City, Utah, offers 113,771 square feet of immediately available warehouse and distribution space. Part of the larger West Valley #1 - Freeport West @ Landmark complex, this building boasts a total of 367,984 square feet and was constructed in 2001. The available space features a 30-foot ceiling height, providing ample vertical storage capacity. Loading is facilitated by 15 dock-high doors and 3 drive-in doors, ensuring efficient goods movement. The property is served by robust 800-amp, 120/480-volt, 3-phase power. Situated in Salt Lake County, this strategically located warehouse offers easy access to major transportation arteries, making it ideal for distribution operations. The current lease term ends January 31, 2027. This is a multi-tenant building. This exceptional space presents a rare opportunity to secure prime industrial real estate in a thriving market. Don't miss out on this chance to establish your business in a modern, well-equipped facility. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
367,365 SF
Lot
17.92 ac (780,595 SF)
Zoning code
M
APN
15-21-301-005
UPID
US86-0196831
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
$9.30M
Owner & transaction history
West Valley Building One LLC · 18 yrs held
West Valley Building One LLC
since 2007
4 recorded transactions
Zoning & alternative use
M · West Valley City, UT
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$25 / 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
$487,014
Tax year 2024
Assessed value
$41,035,900
Assessed 2024
Previous assessed
$41,035,900
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$5,935,300
Assessed improvement
$35,100,600
Land market value
$5,935,300
Improvement market value
$35,100,600
Total market value
$41,035,900
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
4
Total area
367,365 SF
Lot
17.92 ac (780,595 SF)
Zoning code
M
APN
15-21-301-005
UPID
US86-0196831
Jurisdiction
SALT LAKE
Zoning & alternative use
M · West Valley City, UT
Zoning M · permitted uses
M · 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.
Building & site characteristics
From public records
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
4
Lot
17.92 ac
Current owner
From public records · entity-resolved
West Valley Building One LLC
Entity
Free & Clear · 18 yrs held
Mailing address
6211 N ANN ARBOR RD, DUNDEE, MI 48131-9527
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2007
—
West Valley Building One LLC
Natomas Creek LLC
Warranty Deed
—
Apr 12, 2004
—
Natomas Creek LLC
Fae Holdings 0309020r LLC
Grant Deed
related
—
Dec 23, 2003
—
Fae Holdings 030902r LLC
Hewson-pcp Salt Lake Dist
Grant Deed
related
$9,201,915 · First American Exchange Corp
—
—
Hewson-pcp
—
Deed Of Trust
related
$8,000,000 · Bank USA Fsb
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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