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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4051 Main St Millcreek, UT 84107-1442

    • Warehouses
    • 11,339 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $1,345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0254775
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 4051 Main St

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.42 lot acres
    Property size
    11,339 SF
    Zone code
    M-1
    Property type
    Warehouses
    APN
    16-31-351-014
    APU
    1631351014

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,560,000
      6.5%
      $1,440,000
      7%
      $1,335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,254,000
      Market price range: $490k - $2.74M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,065,000
      Current use
      MEDICAL BUILDING
      $1,640,000
      Change: +54% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,115,000
      Change: +5% Conversion: Difficult
      RESTAURANT
      $1,085,000
      Change: +2% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $905,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Millcreek
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.891
    Latitude
    40.6834
    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
    $22,687
    $380,100
    $1,562,800
    $1,942,900
    -
    $380,100
    $1,562,800
    $1,942,900

    Comparable in this City

    • Value Estimation by Request
      663 SF

      357 6160th S Ste, Unit 14

      WAREHOUSE, STORAGE • 663 SF
      357 6160th S Ste, Salt Lake City, UT 84107-3314
      View Details
    • Value Estimation by Request
      312 SF

      5850 300th We23

      WAREHOUSE, STORAGE • 312 SF
      5850 300th We23, Salt Lake City, UT 84107
      View Details
    • Value Estimation
      $1,335,000
      16,000 SF

      4098 300th W

      WAREHOUSE, STORAGE • 16,000 SF
      4098 300th W, Salt Lake City, UT 84107-1411
      View Details
    • Value Estimation by Request
      312 SF

      5850 300th Wd5

      WAREHOUSE, STORAGE • 312 SF
      5850 300th Wd5, Salt Lake City, UT 84107
      View Details
    • Value Estimation
      $1,820,000
      12,856 SF

      6192 300th W

      WAREHOUSE, STORAGE • 12,856 SF
      6192 300th W, Salt Lake City, UT 84107-6925
      View Details
    • Value Estimation
      $3,500,000
      29,640 SF

      5448 Riley Ln

      WAREHOUSE, STORAGE • 29,640 SF
      5448 Riley Ln, Salt Lake City, UT 84107-5822
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,776 SF

      Spacious Murray Townhome with Updates

      Move-in ready townhome with new flooring, furnace, AC, and appliances.
      4727 S Duftown Pl, Salt Lake City, UT 84107
      View Details
    • $720,000
      3,254 SF

      Remodeled Duplex Near Downtown Salt

      Remodeled Millcreek duplex with high-end finishes and ample parking.
      3981 S 500 E, Millcreek, UT 84107
      View Details
    • $3,500,000
      0.58 Acres

      Two-Story Office Building in Murray

      Two-story office building with long-term lease and future development potential.
      4252 S 700 E, Salt Lake City, UT 84107
      View Details
    • Contact for pricing

      Industrial Land with Income Potential

      0.61 acres with income-producing homes, zoned for industrial outdoor storage.
      4586 S 200 W, Murray, UT 84107
      View Details
    • $4,791,600

      Land Positioned for Development

      Land suitable for mixed-use development in a growing area.
      700 E 3900 S, Salt Lake City, UT 84107
      View Details
    • $2,590,000
      1.67 Acres

      Prime Murray Retail Investment

      High-exposure, long-term ground lease.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      275,000 SF

      Industrial Space Near UPS Hub

      5,000,000 SF industrial space with excellent logistics access.
      6780 W 150 S, Salt Lake City, UT 84107
      View Details
    • Contact for pricing
      31,301 SF

      Salt Lake City Warehouse Space

      31,301 SF warehouse with cross-dock configuration available for lease.
      6345 W 300 S, Salt Lake City, UT 84107
      View Details
    • Contact for pricing
      833,280 SF

      Salt Lake City Warehouse Space

      Large industrial warehouse space available for lease in Salt Lake City.
      6136 W 300 S, Salt Lake City, UT 84107
      View Details
    • $0.99 SF/Yr
      7,746 SF

      Industrial Space with Billboard Signage

      7,746 SF industrial space with 1,800 SF office available.
      4876 South Commerce Dr, Murray, UT 84107
      View Details
    • Contact for pricing
      424,000 SF

      Industrial Space Near UPS Hub

      5,000,000 SF industrial space with direct UPS access.
      6687 W 150 S, Salt Lake City, UT 84107
      View Details
    • Contact for pricing
      2,284 SF

      Salt Lake City Industrial Space

      Industrial space with convenient access to I-15 and Trax.
      5047-5051 S Commerce Dr, Salt Lake City, UT 84107
      View Details
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    4051 Main St
    Millcreek, UT 84107-1442
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    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
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