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Property profile & analytics
OFF-MARKET Estimated value $885,000
Warehouses

264 Glendale St Salt Lake City, UT 84104-1214

30,564 SF 0.73 ac lot Built 1934
Entity Owned 14-yr Hold ~ Est. High Equity
Property ID
US86-0400240
Property summary
AI-generated overview

This Salt Lake City warehouse, part of the ICOW Building, offers 10,823 square feet of immediately available space within a larger 35,325 square foot multi-tenant building. Located at 264 South Glendale Street, Salt Lake City, UT 84104, this property boasts convenient access to the 400 South freeway exit, providing easy transportation throughout the Salt Lake Valley. The warehouse features an 18-foot ceiling height, ideal for various industrial uses, and is equipped with 3-phase power. The building is situated in North Salt Lake County, offering proximity to a variety of restaurants and hotels. Enjoy stunning mountain views as part of this exceptional opportunity. While the listed space is 10,823 square feet, the inclusion of bonus mezzanine storage increases the total usable area to 14,109 square feet, resulting in an effective rate of $0.69 per square foot. This represents a significant value proposition in the current market. The property is classified as industrial and is of the warehouse subtype.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1934
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 30,564 SF
Lot 0.73 ac (31,799 SF)
Zoning code CN
APN 15-02-176-017
UPID US86-0400240
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
$1.05M
CAP Approach CAP
by Request
Comparable Approach Comparable
$725k
Blend (final) Blend
$885k
Owner & transaction history
Cow Casa LLC · 14 yrs held
Cow Casa LLC
since 2012
5 recorded transactions
2012
Price N/A
2007
Price N/A
2000
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CN · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.5M +12.7%
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