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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
3737 500th W, South Salt Lake, UT 84115-4209
Entity Owned
8-yr Hold
Free & Clear
Property ID
US86-0599844
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,028 SF
Lot
2.12 ac (92,347 SF)
Zoning code
LI
APN
15-36-176-005
UPID
US86-0599844
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$590k
Owner & transaction history
Higgins Properties LLC · 8 yrs held
Higgins Properties LLC
since 2017
6 recorded transactions
Zoning & alternative use
LI · South Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$960,000
+121.9%
Retail stores
$940,000
+117.2%
Neighborhood: shopping center
$775,000
+78.8%
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 South Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
$555,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$750,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$435,000
Current use
COMMERCIAL (GENERAL)
$960,000
Change: +122% · Conversion: Difficult
RETAIL STORES
$940,000
Change: +117% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$73 / 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
$19,836
Tax year 2024
Assessed value
$1,710,400
Assessed 2024
Previous assessed
$1,710,400
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,203,400
Assessed improvement
$507,000
Land market value
$1,203,400
Improvement market value
$507,000
Total market value
$1,710,400
Applied tax rate
14.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
8,028 SF
Lot
2.12 ac (92,347 SF)
Zoning code
LI
APN
15-36-176-005
UPID
US86-0599844
Jurisdiction
SALT LAKE
Zoning & alternative use
LI · South Salt Lake, UT
Zoning LI · permitted uses
LI · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$960,000
RETAIL STORES
Est. value
$940,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
AUTO REPAIR, GARAGE
Est. value
$670,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Higgins Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3737 S 500TH W, SOUTH SALT LAKE, UT 84115-4209
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2017
—
Higgins Properties LLC
Mountain States Fence Co INC
Quit Claim Deed
related
—
Jun 19, 2017
—
Mountain States Fence Co INC
Msf Properties INC
Quit Claim Deed
related
—
May 15, 2017
—
Msf Properties INC
Mountain States Fence Co INC
Quit Claim Deed
related
—
—
—
Mountain States Fence Co INC
—
Deed Of Trust
related
$550,000 · Brighton Bank
—
—
Mountain States Fence Co INC
—
Deed Of Trust
related
$200,000 · First Security Bank
—
—
Mountain States Fence Co INC
—
Deed Of Trust
related
$550,000 · Barnes Banking 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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