Entity Owned
$19,933/Mo
3437 W Water St, Riverton, UT 84065
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Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
19,800 SF
Lot
1.63 ac (71,003 SF)
Zoning code
M-1
APN
27-32-251-007
UPID
US86-0909619
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.52M
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$2.25M
Owner & transaction history
since 2023
2 recorded transactions
Zoning & alternative use
M-1 · Riverton, UT
Zoning description
Manufacturing Light Industrial (M-1) Zone. To provide areas in appropriate locations where light manufacturing, industrial processes and warehousing may be established with sensitive relationships to adjacent agricultura…
General category
INDUSTRIAL
Top alternative use upside
Apartment house (5+ units)
$3.0M
+62.7%
Restaurant
$2.4M
+29.1%
Commercial (general)
$2.3M
+26.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.25M
Value range
$2.02M – $2.47M
±10% around blend
Estimated value / SF
$113 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$2.02M
blend $2.25M
$2.47M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,800 SF
Lot area
1.63 ac
Stories
1
APN
27-32-251-007
Zoning
M-1
Assessed value
$4,645,700
Annual tax
$48,803
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.52M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.73M
@ 6.5% CAP return
$2.52M
@ 7% CAP return
$2.34M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$48,803
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.97M
Range $932k – $2.75M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.25M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+63%
vs current-use indication
Restaurant
Commercial (general)
Warehouse, Storage · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.87M
Move the market yield to see immediate price impact.
Value / SF
$94
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$118k
$2.35M
$1.68M
$1.31M
$131k
$2.62M
$1.87M
$1.45M
$144k
$2.88M
$2.05M
$1.60M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$48,803
Tax year 2024
Assessed value
$4,645,700
Assessed 2024
Previous assessed
$4,645,700
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$861,100
Assessed improvement
$3,784,600
Land market value
$861,100
Improvement market value
$3,784,600
Total market value
$4,645,700
Applied tax rate
42.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Heating
SPACE
Stories
1
Units
1
Total area
19,800 SF
Lot
1.63 ac (71,003 SF)
Zoning code
M-1
APN
27-32-251-007
UPID
US86-0909619
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Riverton, UTZoning M-1 · permitted uses
M-1 · Riverton, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Manufacturing Light Industrial (M-1) Zone. To provide areas in appropriate locations where light manufacturing, industrial processes and warehousing may be established with sensitive relationships to adjacent agricultura…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Heating
SPACE
Stories
1
Units
1
Lot
1.63 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
M-1
INDUSTRIAL
Jurisdiction
Riverton, UT
Recorded code
M-1
Official district
M-1
Official district profile
What the municipal code says about M-1
Zoning description
Manufacturing Light Industrial (M-1) Zone. To provide areas in appropriate locations where light manufacturing, industrial processes and warehousing may be established with sensitive relationships to adjacent agricultura…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 in Riverton, UT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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