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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Office buildings
35 Redwood Rd North Salt Lake, UT 84054-2758
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-1064250
Property summary
AI-generated overview
This exceptional 1.73-acre commercial land parcel presents a remarkable opportunity for retail development in North Salt Lake, Utah. Ideally situated at 35 N Redwood Rd, 84054, this property boasts unparalleled visibility and accessibility. Its prime location offers convenient access to Interstate 215, ensuring high traffic volume and excellent exposure for any retail venture. Detailed traffic counts reveal significant daily traffic on Redwood Road (13,007 ADT) and West Center Street (15,071 ADT), underscoring the substantial potential for customer reach. The property is classified as Land and Retail, providing ample space for a variety of retail developments. The expansive lot size allows for flexibility in design and construction, catering to diverse business needs. This is a rare opportunity to acquire a strategically located, high-traffic retail land parcel in a thriving Utah community. The property's location in Davis County, Utah, offers a strong economic base and a growing population, making it an attractive investment for long-term growth and profitability. Don't miss this chance to secure a prime location for your next retail project.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2020
Total area
10,800 SF
Lot
1.36 ac (59,329 SF)
APN
01-494-0003
UPID
US86-1064250
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
-
Kidsboro Academy Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$765k
Owner & transaction history
35 Redwood LLC · 3 yrs held
35 Redwood LLC
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$765k
Range $689k – $842k · ±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
$71 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,840
Tax year 2023
Assessed value
$871,356
Assessed 2023
Previous assessed
$871,356
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$323,109
Assessed improvement
$548,247
Land market value
$587,472
Improvement market value
$996,813
Total market value
$1,584,285
Applied tax rate
244.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2020
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
10,800 SF
Lot
1.36 ac (59,329 SF)
APN
01-494-0003
UPID
US86-1064250
Jurisdiction
DAVIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2020
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
1.36 ac
Current owner
From public records · entity-resolved
35 Redwood LLC
Entity
Mailing address
460 N REDWOOD RD UNIT F, NORTH SALT LAKE, UT 84054-2815
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
—
35 Redwood LLC
Spectrum Academy
Warranty Deed
$1,807,500 · Mountain America FCU
May 22, 2008
—
35 North Associates Lc
Interwest Construction Co INC
Warranty Deed
$800,000 · Miscellaneous Ins Co
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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