Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    395 N Redwood Rd North Salt Lake, UT 84054
    Property profile & analytics

    395 N Redwood Rd, North Salt Lake, UT 84054

    View on Map
    • Strip malls
    • 19,602 SF
    • 1.70 lot acres
    For Lease
    $725,000
    View Listing →
    Retail and Flex Space Available For Lease
    $725,000
    13,968 SF

    Retail and Flex Space Available

    Retail and flex spaces available for lease.

    395 N Redwood Rd, North Salt Lake, UT 84054
    View Listing
    Property ID
    US86-0883127
    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.
    Value Estimations
    $725,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kangaroo Zoo / Arcade & Gaming Center
    • Paleteria Angelito NSL / Grocery & Convenience Store / Specialty Food Shop
    • Boxerwood Auto Sales / Car Dealership
    • Buddy Bin Inc / Daycare Center
    • Monarch Auto Spa / Car Wash

    Property Details for 395 N Redwood Rd

    Year built
    2007
    Lot size
    1.70 lot acres
    Zone code
    CG
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    01-455-0002
    APU
    14550002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $764,000
      Market price range: $764k - $1.46M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,110,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Salt Lake
    County
    Davis
    State
    Utah
    Longitude
    -111.93
    Latitude
    40.8491
    CBSA code
    36260
    CBSA name
    OGDEN-CLEARFIELD, 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
    2023
    $20,721
    $389,916
    $749,981
    $1,139,897
    -
    $708,939
    $1,363,602
    $2,072,541

    Comparable in this City

    • Value Estimation by Request
      1,965 SF

      386 Redwood Rd, Unit 213

      SHOPPING CENTER, STRIP CENTER
      386 Redwood Rd, North Salt Lake, UT 84054-2794
      View Details
    • Value Estimation by Request
      9,113 SF

      164 Ctr St

      SHOPPING CENTER, STRIP CENTER
      164 Ctr St, North Salt Lake, UT 84054-1826
      View Details
    • Value Estimation
      $695,000
      13,330 SF

      763 Redwood Rd

      SHOPPING CENTER, STRIP CENTER
      763 Redwood Rd, North Salt Lake, UT 84054-2835
      View Details
    • Value Estimation
      $560,000
      8,515 SF

      15 Hwy 89

      SHOPPING CENTER, STRIP CENTER
      15 Hwy 89, North Salt Lake, UT 84054-2500
      View Details
    • Value Estimation by Request
      6,102 SF

      761 Redwood Rd

      SHOPPING CENTER, STRIP CENTER
      761 Redwood Rd, North Salt Lake, UT 84054-2834
      View Details
    • Value Estimation by Request
      1,965 SF

      386 Redwood Rd, Unit 214

      SHOPPING CENTER, STRIP CENTER
      386 Redwood Rd, North Salt Lake, UT 84054-2794
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,500 SF

      Renovated Flex Space Available

      Newly renovated flex space with I-15 and I-215 access.
      220 N Redwood Rd, North Salt Lake, UT 84054
      View Details
    • $549,900
      0.44 Acres

      North Salt Lake View Lot

      Premium lot with breathtaking views in North Salt Lake.
      755 S Parkway Dr, North Salt Lake, UT 84054
      View Details
    • $479,000
      Pending

      Land For Sale

      Land available in North Salt Lake, Utah.
      568 S Tanglewood Loop, North Salt Lake, UT 84054
      View Details
    • Contact for pricing
      5,000 SF

      Land For Sale

      Land available for sale in a high-income area.
      290 S Orchard Dr, North Salt Lake, UT 84054
      View Details
    • Contact for pricing
      19,482 SF

      North Salt Lake Industrial Property

      Industrial property available for lease or sale in North Salt Lake.
      847 N Pointe Cir, North Salt Lake, UT 84054
      View Details
    • Contact for pricing
      7,200 SF

      Freestanding Office Building For Sale

      7,200 SF office building with ample parking and freeway access.
      940 N 400 E, North Salt Lake, UT 84054
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      Retail Space in Orchard Plaza

      Retail units with storage in high-visibility North Salt Lake location.
      76 South Orchard Dr, North Salt Lake, UT 84054
      View Details
    • Contact for pricing
      12,000 SF

      Land Available For Lease

      Land available for ground lease or build-to-suit with drive-thru.
      130 N Redwood Rd, North Salt Lake, UT 84054
      View Details
    • Contact for pricing
      15,200 SF

      Retail Pads Available For Lease

      Retail pads available for ground lease or build-to-suit.
      80 S Redwood Rd, North Salt Lake, UT 84054
      View Details
    • Contact for pricing
      2,122 SF

      Restaurant Space with Drive-Thru

      Restaurant space featuring a high-capacity drive-thru and pylon sign.
      1015 N 500 E, North Salt Lake, UT 84054
      View Details
    • New
      Contact for pricing
      5,120 SF

      Commercial Land For Lease

      Commercial land available for ground lease or build-to-suit.
      895 W Center St, North Salt Lake, UT 84054
      View Details
    • Contact for pricing

      Retail and Flex Space Available

      Retail and flex spaces available for lease.
      395 N Redwood Rd, North Salt Lake, UT 84054
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    395 N Redwood Rd
    North Salt Lake, UT 84054
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    395 N Redwood Rd, North Salt Lake, UT, 84054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!