3061 5600th W West Valley City, UT 84120-1303
Property Lookup
Property profile & analytics
3061 5600th W West Valley City, UT 84120-1303
- Strip malls
- 43,175 SF
- 4.25 lot acres
Property ID
US86-0483774
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.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 3061 5600th W
- Year built
- 2004
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.25 lot acres
- Property size
- 43,175 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 14-25-151-006
- APU
- 1425151006
Description
This exceptional 49,575 square foot shopping center in West Valley City, Utah, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong 6.32% cap rate, the property features eight tenants, including prominent national brands like Starbucks, PetSmart, and Michaels. Two single-story buildings comprise this stabilized, NNN-leased center, offering corporate guarantees for added security. The property benefits from consistent net operating income (NOI) exceeding $868,388 since 2005, further enhanced by a recent $400,000 Starbucks remodel. An attractive feature is the assumable loan of approximately $5,000,000 at a 4.61% interest rate, subject to a one-point transfer fee and lender costs. The center's prime location, adjacent to the Mountain View Corridor Highway (Route 85), enjoys high traffic counts (approximately 150,000 ADT on 5600 W and 120,400 ADT on 3100 S & Brud Dr.), and benefits from a strong demographic profile with numerous nearby schools. Developed in 2005 and under the same ownership for approximately 18 years, this center demonstrates a history of success and significant upside potential. The property draws customers from a 25-mile radius, solidifying its position as a retail cornerstone in a thriving community. The pro-forma NOI is $853,427 and the pro-forma cap rate is 6.21%. The asking price is $13,750,000, resulting in a price per square foot of $277.36.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $1,350,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,372,000
Market price range: $1.76M - $2.60M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,125,000 Current use
- AUTO REPAIR, GARAGE
- $2,780,000 Change: +31% Conversion: Difficult
- RETAIL STORES
- $2,700,000 Change: +27% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,375,000 Change: +12% Conversion: Easy
- OFFICE BUILDING
- $1,860,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Valley City
- County
- Salt Lake
- State
- Utah
- Longitude
- -112.023
- Latitude
- 40.7043
- 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
2023
$124,957
$2,883,400
$7,159,800
$10,043,200
-
$2,883,400
$7,159,800
$10,043,200
