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Property profile & analytics
OFF-MARKET
Industrial properties
3838 State St, South Salt Lake, UT 84115-4815
Entity Owned
~
Est. High Equity
Property ID
US86-0547340
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1929
Total area
1,498 SF
Lot
0.24 ac (10,454 SF)
Zoning code
CC
APN
16-31-301-012
UPID
US86-0547340
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Valcom Properties LLC
Valcom Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
CC · South Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,390
Tax year 2024
Assessed value
$206,100
Assessed 2024
Previous assessed
$206,100
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$195,100
Assessed improvement
$11,000
Land market value
$195,100
Improvement market value
$11,000
Total market value
$206,100
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1929
Heating
NONE
Stories
1
Total area
1,498 SF
Lot
0.24 ac (10,454 SF)
Zoning code
CC
APN
16-31-301-012
UPID
US86-0547340
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · South Salt Lake, UT
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1929
Heating
NONE
Stories
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Valcom Properties LLC
Entity
Mailing address
3838 S STATE ST, SOUTH SALT LAKE, UT 84115-4815
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
Valcom Properties LLC
Kessler Real Estate LLC
Warranty Deed
—
Sep 4, 2024
—
Kessler Real Estate LLC
Bpn LLC
Special Warranty Deed
—
Jan 29, 2019
—
Bpn LLC
Erz Investments INC
Warranty Deed
$155,000 · Erz Investments INC
Sep 9, 2013
—
Erz Investments INC
Erz Investments LLC
Quit Claim Deed
related
$80,000 · Jjj Hawaii LLC
Jan 21, 2011
—
Erz Investments LLC
Zorn,erika E
Warranty Deed
—
Jul 31, 2009
—
Erika E Zorn
Zorn,randy L
Quit Claim Deed
related
—
Oct 7, 2008
—
Randy L Zorn
Zorn,erika E
Quit Claim Deed
related
—
Jun 25, 2008
—
Erica Zorn
Zorn,randy L
Quit Claim Deed
related
—
May 23, 2007
—
Randy L Zorn
Zorn,erika E
Quit Claim Deed
related
—
Apr 13, 2007
—
Erika E Zorn
Zorn,randy L
Quit Claim Deed
related
—
Sep 28, 1995
—
Randy Zorn
Zorn Trust
Quit Claim Deed
related
$120,000 · Seller
—
—
Erz Investments INC
—
Deed Of Trust
related
$148,895 · Jjj Hawaii LLC
—
—
Randy L Zorn
—
Deed Of Trust
related
$320,000 · Us Bank NA
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.
Try Rey
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