3762 Secord St South Salt Lake, UT 84115-4770
Property profile & analytics
3762 Secord St South Salt Lake, UT 84115-4770
- Warehouses
- 6,448 SF
- 0.16 lot acres
Property ID
US86-0598029
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 3762 Secord St
- Year built
- 1980
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.16 lot acres
- Property size
- 6,448 SF
- Zone code
- CC
- Property type
- Warehouses
- APN
- 16-31-302-004
- APU
- 1631302004
Description
This South Salt Lake, Utah flex space property presents a compelling value-add investment opportunity. The 7,753 square foot building, situated on two parcels (APN: 16-31-152-024-0000 & 16-31-302-004-0000), is currently 100% occupied by two tenants under month-to-month leases, allowing for immediate market rent adjustments. The property boasts quality interior finishes and a fenced yard, located in the desirable Central Valley area of South Salt Lake (84115), known for its strong leasing market. The current Net Operating Income (NOI) is $88,384, yielding a 5.52% cap rate. However, a pro-forma analysis projects a significantly higher NOI of $116,295, resulting in a 7.27% cap rate based on achievable market rents. The asking price is $1,600,000, representing $206.37 per square foot and $800,000 per unit. The property is classified as Class C industrial, with a triple net (NNN) lease structure. The current lease term is effectively zero years due to month-to-month tenancies. This presents a unique opportunity to capitalize on the strong market conditions and increase profitability. The property's location and flexible space configuration make it ideal for a variety of uses.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- South Salt Lake
- County
- Salt Lake
- State
- Utah
- Longitude
- -111.887
- Latitude
- 40.6894
- 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
$14,580
$128,600
$1,128,600
$1,257,200
-
$128,600
$1,128,600
$1,257,200
