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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Warehouses
400 700th W West Bountiful, UT 84087-1430
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0280659
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1970
Total area
13,969 SF
Lot
2.14 ac (93,393 SF)
Zoning code
L-I
APN
06-039-0151
UPID
US86-0280659
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
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$578k
Blend (final)
Blend
$570k
Owner & transaction history
Freeway Investment LLC · 16 yrs held
Freeway Investment LLC
since 2010
6 recorded transactions
Zoning & alternative use
L-I · West Bountiful, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The light industrial district is established to provide areas in the city where manufacturing firms can engage in processing, assembling, manufacturing, warehousing and storage, and for incidental service facilities and public facilities
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
66.23 ac
Source
Realmo
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 West Bountiful submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Bountiful 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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$670,000
Current use
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$41 / 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
$16,291
Tax year 2024
Assessed value
$796,599
Assessed 2024
Previous assessed
$796,599
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$421,109
Assessed improvement
$375,490
Land market value
$765,654
Improvement market value
$682,710
Total market value
$1,448,364
Applied tax rate
557.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1970
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
25
Total area
13,969 SF
Lot
2.14 ac (93,393 SF)
Zoning code
L-I
APN
06-039-0151
UPID
US86-0280659
Jurisdiction
DAVIS
Zoning & alternative use
L-I · West Bountiful, UTZoning L-I · permitted uses
L-I · West Bountiful, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The light industrial district is established to provide areas in the city where manufacturing firms can engage in processing, assembling, manufacturing, warehousing and storage, and for incidental service facilities and public facilities
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
66.23 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$670,000
WAREHOUSE, STORAGE Current
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
1970
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Units
25
Lot
2.14 ac
Current owner
From public records · entity-resolved
Freeway Investment LLC
Entity
Mailing address
724 W 500TH S STE #800, WEST BOUNTIFUL, UT 84087-1470
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Jan 27, 2010
—
Freeway Investment LLC
—
Deed Of Trust
related
$1,850,000 · Standard Insurance Co
Jan 6, 2010
—
Freeway Investment LLC
Sky Dev LLC
Grant Deed
—
Mar 10, 2008
—
Sky Dev LLC
May John H Trust
Grant Deed
$2,000,000 · Bank Of Utah
Feb 26, 2008
—
Freeway Investment LLC
Summerwood Dev LLC
Grant Deed
—
Sep 28, 2007
—
Scott & Stana Kjar Family
Erickson,r Dee
Grant Deed
—
Jan 8, 2007
—
Summerwood Dev LLC
Erickson,r Dee
Grant Deed
—
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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