Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3460 Redwood Rd West Valley City, UT 84119-3400
    Back to Search
    Property profile & analytics

    3460 Redwood Rd, West Valley City, UT 84119-3400

    View on Map
    • Strip malls
    • 13,261 SF
    • 1.35 lot acres
    Off-Market
    Property ID
    US86-0512476
    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.
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 3460 Redwood Rd

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.35 lot acres
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    15-27-378-044
    APU
    1527378044

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 15, 2024 — Redwood Plaza LLC — Deed · related $1.2M · University First FCU

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $730,000
      Market price range: $467k - $731k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $605,000
      Current use
      RETAIL STORES
      $925,000
      Change: +53% Conversion: Easy
      AUTO REPAIR, GARAGE
      $890,000
      Change: +47% Conversion: Difficult
      WAREHOUSE, STORAGE
      $795,000
      Change: +32% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Valley City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.94
    Latitude
    40.6976
    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
    $33,037
    $624,300
    $2,040,800
    $2,665,100
    -
    $624,300
    $2,040,800
    $2,665,100

    Comparable in this City

    • Value Estimation
      $2,195,000
      89,136 SF

      3525 Redwood Rd

      SHOPPING CENTER, STRIP CENTER
      3525 Redwood Rd, West Valley City, UT 84119
      View Details
    • Value Estimation
      $900,000
      19,886 SF

      2200 3500th Sc-d

      SHOPPING CENTER, STRIP CENTER
      2200 3500th Sc-d, West Valley City, UT 84119
      View Details
    • Value Estimation by Request
      9,632 SF

      1820 3600th S

      SHOPPING CENTER, STRIP CENTER
      1820 3600th S, West Valley City, UT 84119-3893
      View Details
    • Value Estimation by Request
      6,786 SF

      3585 Redwood Rd

      SHOPPING CENTER, STRIP CENTER
      3585 Redwood Rd, West Valley City, UT 84119-3943
      View Details
    • Value Estimation by Request
      10,645 SF

      3411 Redwood Rd

      SHOPPING CENTER, STRIP CENTER
      3411 Redwood Rd, West Valley City, UT 84119-3475
      View Details
    • Value Estimation
      $600,000
      17,114 SF

      1918 4100th S

      SHOPPING CENTER, STRIP CENTER
      1918 4100th S, West Valley City, UT 84119-6568
      View Details

    Similar Nearby for Sale

    • $44,400
      0.10 Acres

      Established Boutique Business For Sale

      Turn-key boutique business opportunity in a high-traffic West Valley location.
      3601 S 2700 W, West Valley City, UT 84119
      View Details
    • Contact for pricing
      Pending

      Drive-Thru Retail Opportunity

      High-visibility retail space with drive-thru in prime location.
      3601 South Brg West, Salt Lake City, UT 84119
      View Details
    • Contact for pricing
      6,310 SF

      West Valley City Retail Opportunity

      Retail space in a premier location, high visibility and accessibility.
      3671 S Constitution Blvd, West Valley City, UT 84119
      View Details
    • $2,928,000

      Olive Garden Restaurant - Utah

      High-yield restaurant investment. Prime West Valley City location.
      3601 S St, West Valley City, UT 84119
      View Details
    • Contact for pricing
      3,932 SF

      West Valley City Retail Opportunity

      Retail property for sale in a high-traffic area.
      3383 Decker Lake Dr, West Valley City, UT 84119
      View Details
    • Contact for pricing
      3,932 SF

      West Valley City Restaurant For Sale

      NNN leased restaurant property near Maverick Event Center.
      3383 Decker Lake Dr, West Valley City, UT 84119
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,188 SF

      Retail Space Near Entertainment Hub

      Retail space with access to entertainment, theater, and restaurants.
      2194-2196 W 3500 S, West Valley City, UT 84119
      View Details
    • Contact for pricing
      613 SF

      Retail Spaces in West Valley

      Retail spaces available in established West Valley City trade area.
      3601 S Constitution Blvd, West Valley City, UT 84119
      View Details
    • Contact for pricing
      1,038 SF

      Retail Spaces in Established Trade

      Retail and restaurant spaces available in West Valley City.
      3513 S Constitution Blvd, West Valley City, UT 84119
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru Potential

      Retail spaces available with drive-thru potential, conveniently located.
      2642 W 4700 S, West Valley City, UT 84119
      View Details
    • Contact for pricing
      2,840 SF

      Turn-Key Restaurant Space Available

      Restaurant space for lease near major transportation routes.
      2123-2125 3200 W, Salt Lake City, UT 84119
      View Details
    • $15 SF/Yr
      4,840 SF

      West Valley City Flex Space

      Prime West Valley City flex space, ideal for multiple tenants.
      2125 3200, West Valley City, UT 84119
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3460 Redwood Rd
    West Valley City, UT 84119-3400
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3460 Redwood Rd, West Valley City, UT, 84119
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!