Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3510 Directors Row Salt Lake City, UT 84104-4590
    Back to Search
    Property profile & analytics

    3510 Directors Row, Salt Lake City, UT 84104-4590

    View on Map
    • Manufacturing properties
    • 103,097 SF
    • 6.30 lot acres
    Off-Market
    Last Sale Feb 21, 2024
    Property ID
    US86-0562740
    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
    $5,620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flynn - Salt Lake City / Roofing Company / General Contractor

    Property Details for 3510 Directors Row

    Lot size
    6.30 lot acres
    Zone code
    M-1
    Property type
    Manufacturing properties
    APN
    15-08-401-003
    APU
    1508401003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2025 — 3510 W Directors Row LLC Flynn America LP Special Warranty Deed $134M · Bank Of America NA
    Feb 21, 2024 — Flynn America LP Utre Holdings LLC Warranty Deed —
    Dec 17, 2021 — Utre Holdings LLC — Deed · related —
    Mar 17, 2021 — Utre Holdings LLC Cln Business Investments LLC Warranty Deed —
    Mar 13, 2020 — Cln Business Investments LLC Troy James Bengtzen Special Warranty Deed $1.5M · Zb NA
    Jan 15, 2015 — Bengtzen,ramola O Trust Bill & Carol Bengtzen LLC Quit Claim Deed · related —
    May 2, 2006 — Bill & Carol Bengtzen LLC Artistic Tape & Label Printers Warranty Deed $424k · Sortech LLC
    Nov 30, 2000 — Artistic Tape Sortech LLC Grant Deed $95k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,975,000
      Market price range: $2.81M - $5.66M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $4,055,000
      Current use
      AUTO REPAIR, GARAGE
      $7,455,000
      Change: +84% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,950,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.975
    Latitude
    40.7467
    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
    $189,529
    $4,197,500
    $15,692,200
    $19,889,700
    -
    $4,197,500
    $15,692,200
    $19,889,700

    Comparable in this City

    • Value Estimation by Request

      3649 1987

      Life science properties
      3649 1987, Salt Lake City, UT 84104
      View Details
    • Value Estimation
      $2,030,000
      89,431 SF

      844 Chestnut St

      MANUFACTURING (LIGHT)
      844 Chestnut St, Salt Lake City, UT 84104-3603
      View Details
    • Value Estimation
      $1,440,000
      36,072 SF

      1620 Awl Cir

      MANUFACTURING (LIGHT)
      1620 Awl Cir, Salt Lake City, UT 84104-6573
      View Details
    • Value Estimation
      $815,000
      7,806 SF

      643 800th S

      MANUFACTURING (LIGHT)
      643 800th S, Salt Lake City, UT 84104-1027
      View Details
    • Value Estimation
      $1,360,000
      49,160 SF

      2845 900th S

      MANUFACTURING (LIGHT)
      2845 900th S, Salt Lake City, UT 84104-4512
      View Details
    • Value Estimation
      $4,395,000
      75,000 SF

      3150 900th S

      MANUFACTURING (LIGHT)
      3150 900th S, Salt Lake City, UT 84104-4535
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      79,758 SF Industrial Building

      Industrial building with warehouse and office space for sale.
      389 S Orange St, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      79,758 SF

      80,092 SF Industrial Building

      80,092 SF industrial building for lease near I-80 and I-215.
      391 S Orange St, Salt Lake City, UT 84104
      View Details
    • Contact for pricing

      Industrial Crane Manufacturing Facility

      Industrial facility in Salt Lake City, fully leased through 2033.
      1595 S Pioneer Rd, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      13,303 SF

      Machine Shop For Sale

      Manufacturing/Industrial property available for sale, equipment also available.
      1926 Pioneer Rd, Salt Lake City, UT 84104
      View Details
    • $3,600,000
      1.26 Acres

      Industrial Property in Prime Location

      Versatile industrial property with office and manufacturing space for sale.
      1875 W 1500 S, Salt Lake City, UT 84104
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Salt Lake City Manufacturing Space

      16,740 SF manufacturing space with easy highway access.
      815 W 1700 S, Salt Lake City, UT 84104
      View Details
    • $0.76 SF/Yr

      Industrial Space with Freeway Access

      Industrial space for lease with convenient freeway access.
      795 W 1700 S, Salt Lake City, UT 84104
      View Details
    • Contact for pricing

      Warehouse, Manufacturing, R&D, Office Space

      Warehouse, Manufacturing, R&D, and Office space available for lease.
      1874 Pioneer Rd, Salt Lake City, UT 84104
      View Details
    • Contact for pricing
      90,087 SF

      Industrial Space with Manufacturing Infrastructure

      90,087 SF industrial space with manufacturing and office areas.
      1960 S 4250 W, Salt Lake City, UT 84104
      View Details
    • Contact for pricing

      Industrial Space Near Interstates

      80,092 SF industrial building near I-80 and I-215.
      389 N Orange St, Salt Lake City, UT 84104
      View Details
    • Contact for pricing

      Office and Manufacturing Space Available

      Office and manufacturing spaces available, ranging from 500 to 1,100 SF.
      1890 S 3850 W, 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.
    3510 Directors Row
    Salt Lake City, UT 84104-4590
    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
    3510 Directors Row, Salt Lake City, UT, 84104
    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!