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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Warehouses
3720 900th E Salt Lake City, UT 84106-1913
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0640978
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Total area
6,600 SF
Lot
0.77 ac (33,541 SF)
Zoning code
C-2
APN
16-32-177-007
UPID
US86-0640978
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
-
Millcreek Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$615k
Owner & transaction history
9th East Storage LLC · 15 yrs held
9th East Storage LLC
since 2010
7 recorded transactions
Zoning & alternative use
C-2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$870,000
+81.0%
Restaurant
$845,000
+75.8%
Commercial (general)
$715,000
+49.1%
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 Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City 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
$425,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$480,000
Current use
MEDICAL BUILDING
$870,000
Change: +81% · Conversion: Difficult
RESTAURANT
$845,000
Change: +76% · Conversion: Difficult
COMMERCIAL (GENERAL)
$715,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$605,000
Change: +26% · Conversion: Moderate
AUTO REPAIR, GARAGE
$525,000
Change: +9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$405,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$93 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$13,292
Tax year 2024
Assessed value
$1,232,380
Assessed 2024
Previous assessed
$1,232,380
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$841,090
Assessed improvement
$391,290
Land market value
$841,090
Improvement market value
$391,290
Total market value
$1,232,380
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
NONE
Cooling
CENTRAL
Buildings
7
Stories
1
Units
30
Rooms
9
Bathrooms
2
Total area
6,600 SF
Lot
0.77 ac (33,541 SF)
Zoning code
C-2
APN
16-32-177-007
UPID
US86-0640978
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Salt Lake City, UT
Zoning C-2 · permitted uses
C-2 · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$480,000
MEDICAL BUILDING
Est. value
$870,000
RESTAURANT
Est. value
$845,000
COMMERCIAL (GENERAL)
Est. value
$715,000
RETAIL STORES
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$525,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$405,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
30
Rooms
9
Bathrooms
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
9th East Storage LLC
Entity
Mailing address
4700 S HIGHLAND DR STE D, SALT LAKE CITY, UT 84117-5282
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
—
9th East Storage LLC
—
Deed
related
$22,500,000 · Tiaa Fsb Holdings INC
Sep 11, 2020
—
9th East Storage LLC
—
Deed
related
$22,500,000 · Tiaa Fsb Holdings INC
Jun 27, 2019
—
9th East Storage LLC
—
Grant Deed
related
$1,750,000 · Tiaa Fsb
Aug 11, 2010
—
9th East Storage LLC
Utah Storage LLC
Warranty Deed
—
Apr 12, 2007
—
Utah Storage LLC
Boydean Frazier
Warranty Deed
—
Sep 7, 2001
—
Boydean Frazier
—
Deed Of Trust
related
$1,050,000 · Barnes Banking Co
May 17, 2001
—
Boydean Frazier
Sun Tree Properties INC
Grant Deed
$1,095,000 · Sun Tree Properties INC
—
—
9th East Storage LLC
—
Deed Of Trust
related
$1,750,000 · Tiaa Fsb
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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