Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3505 W California Ave Salt Lake City, UT 84104

    • Distribution centers
    • 175,338 SF
    • 7.46 lot acres
    For Lease
    View listing
    Last Sale
    Mar 18, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0193630
    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.

    Current Use by Public Records

    • Interwest Design / Marketing & Advertising
    • Metropolitan Warehouse and delivery / Warehouse & Storage
    • RXO / Postal Service / Courier Service
    • iGPS Logistics / Freight Service / Logistics Company
    • M & M Quality Solutions / Warehouse & Storage

    Property Details for 3505 W California Ave

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.46 lot acres
    Property size
    175,338 SF
    Zone code
    M-1
    Property type
    Distribution centers
    APN
    15-17-201-012
    APU
    1517201012

    Description

    This exceptional Class A industrial property, located at 3505 W California Ave in Salt Lake City, UT 84104, offers a total of 175,338 square feet of warehouse and distribution space within a single, one-story building situated on 7.46 acres of land. The property is zoned M-1 and features 43 dock-high doors and 5 drive-in doors, providing ample loading and unloading capabilities. Multiple tenancy options are available, with a minimum divisible space of 14,369 square feet and a maximum contiguous space of 43,688 square feet. Currently, 58,057 square feet is vacant and ready for immediate occupancy. The building boasts a 28-foot ceiling height, ideal for various industrial uses. Ample parking is provided with 701 total spaces. This strategically located property in the Northwest Quadrant offers easy access to major transportation routes, making it an ideal location for distribution and warehousing operations. The property's APN is 1517201012. Seven individual suites are available within the building. This is a rare opportunity to secure high-quality industrial space in a thriving Salt Lake City submarket.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.975
    Latitude
    40.7394
    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
    2024
    $262,186
    $4,863,200
    $22,651,300
    $27,514,500
    -
    $4,863,200
    $22,651,300
    $27,514,500

    Comparable in this City

    • Value Estimation by Request
      46,234 SF

      455 West Ct

      Distribution properties • 46,234 SF
      455 West Ct, Salt Lake City, UT 84104
      View Details
    • Value Estimation by Request
      53,553 SF

      815 1700

      Flex space • 53,553 SF
      815 1700, Salt Lake City, UT 84104
      View Details
    • Value Estimation
      $8,275,000
      410,000 SF

      6195 300th S

      DISTRIBUTION WAREHOUSE • 410,000 SF
      6195 300th S, Salt Lake City, UT 84104-6014
      View Details
    • Value Estimation
      $3,100,000
      127,372 SF

      1790 4370th W

      DISTRIBUTION WAREHOUSE • 127,372 SF
      1790 4370th W, Salt Lake City, UT 84104-4844
      View Details
    • Value Estimation
      $13,760,000
      227,726 SF

      954 4400th W

      DISTRIBUTION WAREHOUSE • 227,726 SF
      954 4400th W, Salt Lake City, UT 84104-4665
      View Details
    • Value Estimation
      $6,125,000
      265,388 SF

      1464 5500th W

      DISTRIBUTION WAREHOUSE • 265,388 SF
      1464 5500th W, Salt Lake City, UT 84104-4699
      View Details

    Similar Nearby for Sale

    • $1,250,000
      5,144 SF

      Salt Lake City Industrial Flex Space

      5,144 SF Flex/Warehouse, Owner-User Opportunity
      1414 200, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      33,891 SF

      Salt Lake City Industrial Space

      33,891 SF Industrial Building, Utah
      1906 3850, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      4,000 SF

      Versatile Office Warehouse Space

      4,000 SF office/warehouse with easy access to downtown.
      1020 West Colmar Ave, Salt Lake City, UT 84104
      View Details
    • $6,075,000
      31,716 SF

      Salt Lake City Warehouse For Sale

      31,716 SF warehouse on 1.97 AC near I-15.
      3685 S 500 W, Salt Lake City, UT 84104
      View Details
    • $1,300,000
      3,052 SF

      Salt Lake City Industrial Property

      Industrial property with warehouse and office space in Salt Lake.
      971 W Margaret Ave, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      33,891 SF

      Salt Lake City Warehouse Space

      Warehouse space near Bangerter Highway and Salt Lake International Airport.
      1906 S 3850 W, Salt Lake City, UT 84104
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      106,704 SF

      California Business Center: Warehouse Space

      Large Warehouse Space Available; Salt Lake County
      3295 California Ave, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      8,076 SF

      Landmark Commerce Center Warehouse Space

      Salt Lake City warehouse space for lease.
      5570 1730, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      177,592 SF

      Landmark III: Salt Lake City Warehouse

      Prime Salt Lake City warehouse space available.
      1737 5350, Salt Lake City, UT 84104
      View Details
    • $7 SF/Yr
      53,553 SF

      Salt Lake City Industrial Warehouse

      53,553 SF Warehouse, 2.33 Acres
      815 1700, Salt Lake City, UT 84104
      View Details
    • $7 SF/Yr
      10,116 SF

      Salt Lake City Industrial Spaces

      Two contiguous warehouse suites available.
      3528 500, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      328,623 SF

      Landmark IV Warehouse Space Available

      Salt Lake City Warehouse - 240,213 SF Available
      1840 5200, Salt Lake City, UT 84104
      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.
    3505 W California Ave
    Salt Lake City, UT 84104
    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

    Google sign-in failed. Please try again or use another login method.