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Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Warehouses
3875 8400th W Magna, UT 84044-2281
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0438453
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
STEEL FRAME
Total area
29,160 SF
Lot
8.01 ac (348,916 SF)
Zoning code
M-1
APN
14-32-402-004
UPID
US86-0438453
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.71M
Comparable Approach
Comparable
$3.07M
Blend (final)
Blend
$3.39M
Owner & transaction history
Prime Storage Magna West LLC · 3 yrs held
Prime Storage Magna West LLC
since 2023
7 recorded transactions
Zoning & alternative use
M-1 · Magna, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.3M
+70.0%
Commercial (general)
$3.3M
+67.9%
Auto repair, garage
$2.3M
+18.7%
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 Magna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Magna 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
by Request
CAP Approach
CAP Return
Estimation
6%
$4,010,000
6.5%
$3,705,000
7%
$3,440,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,335,000
Change: +70% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,295,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,330,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±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
$116 / 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
$141,670
Tax year 2024
Assessed value
$10,370,400
Assessed 2024
Previous assessed
$10,370,400
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$2,168,100
Assessed improvement
$8,202,300
Land market value
$2,168,100
Improvement market value
$8,202,300
Total market value
$10,370,400
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
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
10
Stories
1
Units
663
Total area
29,160 SF
Lot
8.01 ac (348,916 SF)
Zoning code
M-1
APN
14-32-402-004
UPID
US86-0438453
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Magna, UT
Zoning M-1 · permitted uses
M-1 · Magna, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Magna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
RETAIL STORES
COMMERCIAL (GENERAL)
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
1994
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
10
Units
663
Lot
8.01 ac
Current owner
From public records · entity-resolved
Prime Storage Magna West LLC
Entity
Mailing address
85 RAILROAD PL, SARATOGA SPRINGS, NY 12866-2124
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2025
—
Prime Storage Magna West LLC
—
Deed
related
$479,000,000 · Net 1 Funding Corp
May 5, 2023
—
Prime Storage Magna West LLC
Storem Magna Ppco LLC
Special Warranty Deed
—
Sep 14, 2017
—
Storem Magna Ppco LLC
William Maingot
Warranty Deed
$5,500,000 · Skymar Cap
May 9, 2017
—
William Maingot
Utah Self Storage-magna LLC
Quit Claim Deed
—
Mar 29, 2017
—
Utah Self Storage -magna LLC
—
Deed
related
$3,600,000 · Mountain America Cu
Oct 14, 2014
—
Utah Self Storage Magna LLC
Gto 3875 South LLC
Warranty Deed
$2,710,000 · Mountain America FCU
Apr 2, 2010
—
W Rindlesbach Pension Ken
Kennecott Utah Copper LLC
Warranty Deed
related
—
Mar 8, 2005
—
Gto 3875 South LLC
A-1 Storage LLC
Special Warranty Deed
$2,500,000 · Nomura Credit & Capital INC
Jun 18, 2004
—
A-1 Storage LLC
Habitation Pioneers Foundation
Trustees Deed
$3,200,000 · Security National Life Ins
Oct 28, 1999
—
Erickson Industries INC
Erickson Industries
Quit Claim Deed
related
$1,650,000 · Security National Life Ins
Jul 15, 1997
—
Erickson Industries
Erickson,lyle
Quit Claim Deed
related
$1,205,000 · Us Bank
—
—
Erickson Industries INC
—
Deed Of Trust
related
$800,000 · Utah Funding & Loan INC
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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