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Property profile & analytics
OFF-MARKET
Estimated value
$2,040,000
Warehouses
4065 300th W Salt Lake City, UT 84107-1410
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0351464
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,918 SF
Lot
0.72 ac (31,363 SF)
Zoning code
M-1
APN
15-36-452-018
UPID
US86-0351464
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
-
KMAX Inspection Home Inspector Oil And Gas Exploration Service
-
ALD Offices LLC Law Firm
-
Aeromed Precision, Llc Industrial Manufacturer Factory
-
Micron Solutions General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.02M
Comparable Approach
Comparable
$2.06M
Blend (final)
Blend
$2.04M
Owner & transaction history
Magpie Holding LLC · 17 yrs held
Magpie Holding LLC
since 2008
7 recorded transactions
Zoning & alternative use
M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+54.2%
Commercial (general)
$1.6M
+4.8%
Restaurant
$1.5M
+1.8%
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 Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City 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%
$2,190,000
6.5%
$2,020,000
7%
$1,875,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,495,000
Current use
MEDICAL BUILDING
$2,305,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,565,000
Change: +5% · Conversion: Difficult
RESTAURANT
$1,520,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,275,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.04M
Range $1.84M – $2.24M · ±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
$128 / 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
$37,199
Tax year 2024
Assessed value
$3,187,600
Assessed 2024
Previous assessed
$3,187,600
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$434,700
Assessed improvement
$2,752,900
Land market value
$434,700
Improvement market value
$2,752,900
Total market value
$3,187,600
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
15,918 SF
Lot
0.72 ac (31,363 SF)
Zoning code
M-1
APN
15-36-452-018
UPID
US86-0351464
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Salt Lake City, UT
Zoning M-1 · permitted uses
M-1 · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Magpie Holding LLC
Entity
Mailing address
5824 S ROYALTON DR, MURRAY, UT 84107-6559
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2018
—
Magpie Holding LLC
—
Deed
related
$665,000 · Veach W D & R M F/tr (pt)
Dec 16, 2008
—
Magpie Holding LLC
Dahle Allan L Trust
Warranty Deed
$1,000,000 · Bank Of Utah
Jan 10, 2008
—
Dahle Investments Ltd
Dahle,larry F
Quit Claim Deed
related
—
Aug 11, 2003
—
Allan L Dahle
Dahle,tr
Quit Claim Deed
related
$660,000 · Us Bank NA
Feb 10, 2003
—
Dahle,tr
Ram Investments LLC
Quit Claim Deed
related
—
Sep 4, 2001
—
R A M Investments LLC
Cherry Street Business Park
Grant Deed
related
—
—
—
Magpie Holding LLC
—
Deed Of Trust
related
$665,000 · Veach W D & R M F/tr (pt)
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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