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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Manufacturing properties
3283 400th E, South Salt Lake, UT 84115-4101
Trust Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0076476
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Construction
WOOD FRAME
Total area
7,411 SF
Lot
0.48 ac (20,909 SF)
Zoning code
BUS-A
APN
16-30-408-031
UPID
US86-0076476
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
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$570k
Blend (final)
Blend
$560k
Owner & transaction history
Catch Air Rev Living Trust · 17 yrs held
Catch Air Rev Living Trust
since 2008
5 recorded transactions
Zoning & alternative use
BUS-A · South Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$890,000
+121.9%
Retail stores
$870,000
+117.2%
Neighborhood: shopping center
$715,000
+78.8%
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 South Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Salt Lake 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
$550,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$400,000
Current use
COMMERCIAL (GENERAL)
$890,000
Change: +122% · Conversion: Difficult
RETAIL STORES
$870,000
Change: +117% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$715,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$620,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$76 / 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
$22,433
Tax year 2024
Assessed value
$1,934,400
Assessed 2024
Previous assessed
$1,934,400
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$398,300
Assessed improvement
$1,536,100
Land market value
$398,300
Improvement market value
$1,536,100
Total market value
$1,934,400
Applied tax rate
14.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1988
Construction
WOOD FRAME
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Total area
7,411 SF
Lot
0.48 ac (20,909 SF)
Zoning code
BUS-A
APN
16-30-408-031
UPID
US86-0076476
Jurisdiction
SALT LAKE
Zoning & alternative use
BUS-A · South Salt Lake, UT
Zoning BUS-A · permitted uses
BUS-A · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$400,000
COMMERCIAL (GENERAL)
Est. value
$890,000
RETAIL STORES
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$715,000
AUTO REPAIR, GARAGE
Est. value
$620,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1988
Construction
WOOD FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Catch Air Rev Living Trust
Trust
Mailing address
744 W SCARLET HL DR, SAINT GEORGE, UT 84790-1923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2008
—
Catch Air Rev Living Trust
Schauerhamer,david S
Warranty Deed
$500,000 · David S Schauerhamer
—
—
Catch Air Living Trust
—
Deed Of Trust
related
$240,000 · Hatch Ltd
—
—
David S Schauerhamer
—
Deed Of Trust
related
$225,000 · Zions First National Bank
—
—
David S Schauerhamer
—
Deed Of Trust
related
$100,000 · Zions First National Bank
—
—
David S Schauerhamer
—
Deed Of Trust
related
$152,465 · Bank Of American Fork
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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