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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2675 2365 West Valley City, UT 84119

    • Warehouses
    • 8,775 SF
    • 1.24 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0401152
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 2675 2365

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.24 lot acres
    Property size
    8,775 SF
    Zone code
    M
    Property type
    Warehouses
    APN
    15-21-257-007
    APU
    1521257007

    Description

    This exceptional 1,500-square-foot flex space, situated in West Valley City, Utah, presents a fantastic opportunity for businesses seeking a versatile industrial location. Located at 2365 S 2675 W, this property boasts a prime location with easy access to major freeways, including I-80, I-215, and I-15, ensuring seamless transportation and logistics. The building, constructed in 1989, features a 16-foot ceiling height, providing ample vertical space for storage or operations. The unit includes 700 square feet of office space on the second floor (not included in the 1,500 square foot total), and 800 square feet of warehouse space, along with a convenient break room and a 10x10 dock door. The space is an end cap unit within a larger building totaling 9,573 square feet. The property sits on 1.24 acres of land and is of masonry construction. Utilities are the responsibility of the tenant, while property taxes, insurance, and common area maintenance are covered by the landlord. The lease rate is $1.50 per square foot per month. Three-phase power is available. This is a single-tenant building with the entire 1,500 square feet currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,205,000
      6.5%
      $1,115,000
      7%
      $1,035,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,080,000
      Market price range: $312k - $1.18M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,270,000
      MEDICAL BUILDING
      $1,160,000
      RESTAURANT
      $935,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Valley City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.957
    Latitude
    40.719
    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
    $31,044
    $501,600
    $2,114,200
    $2,615,800
    -
    $501,600
    $2,114,200
    $2,615,800

    Comparable in this City

    • Value Estimation by Request
      345,000 SF

      2300 2700

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    • Value Estimation
      $1,570,000
      32,000 SF

      2888 Redwood Rd

      WAREHOUSE, STORAGE • 32,000 SF
      2888 Redwood Rd, West Valley City, UT 84119
      View Details
    • Value Estimation
      $1,935,000
      21,508 SF

      3000 Pkwy Blvd

      WAREHOUSE, STORAGE • 21,508 SF
      3000 Pkwy Blvd, West Valley City, UT 84119-1274
      View Details
    • Value Estimation
      $840,000
      20,088 SF

      2055 Pkwy Blvd

      WAREHOUSE, STORAGE • 20,088 SF
      2055 Pkwy Blvd, West Valley City, UT 84119-2003
      View Details
    • Value Estimation
      $865,000
      18,340 SF

      1832 Research Way

      WAREHOUSE, STORAGE • 18,340 SF
      1832 Research Way, West Valley City, UT 84119-2444
      View Details
    • Value Estimation
      $1,295,000
      29,300 SF

      1869 Research Way

      WAREHOUSE, STORAGE • 29,300 SF
      1869 Research Way, West Valley City, UT 84119-2348
      View Details

    Similar Nearby for Sale

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      West Valley City Duplex For Sale

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      West Valley City Retail Opportunity

      Retail space in a premier location, high visibility and accessibility.
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      Established Boutique Business For Sale

      Turn-key boutique business opportunity in a high-traffic West Valley location.
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    Similar Nearby for Lease

    • Contact for pricing
      10,100 SF

      West Valley Industrial Space Available

      Industrial space with fenced yard and airport access for lease.
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      View Details
    • $1.00 SF/Yr
      20,000 SF

      South Salt Lake Warehouse Space

      20,000 SF warehouse with office space for sublease.
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      View Details
    • $18 SF/Yr
      9,573 SF

      West Valley City Industrial Flex Space

      1,500 SF Flex Space Available in Utah
      2675 2365, West Valley City, UT 84119
      View Details
    • Contact for pricing
      19,800 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for lease in South Salt Lake.
      1012 W Beardsley Pl, South Salt Lake, UT 84119
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    • Contact for pricing
      572,000 SF

      Large Industrial Leasing Opportunities

      Multiple large industrial leasing opportunities with access to major transportation.
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    • $7 SF/Yr
      8,120 SF

      Warehouse Near TRAX Stop

      Warehouse in Metro Business Park II, near TRAX and airport.
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      View Details
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    2675 2365
    West Valley City, UT 84119
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    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
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