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    4078 Nike Dr West Jordan, UT 84088-5912

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    4078 Nike Dr West Jordan, UT 84088-5912

    View on Map
    • Industrial properties
    • 5,170 SF
    • 0.70 lot acres
    Off-Market
    Property ID
    US86-1488474
    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
    $555,000
    Show details
    Cap Rate Potential
    5.7%
    Industrial properties
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 4078 Nike Dr

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    0.70 lot acres
    Property size
    5,170 SF
    Zone code
    M-1
    Property type
    Industrial properties
    APN
    21-31-427-006
    APU
    2131427006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $565,000
      6.5%
      $520,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $343,000
      Market price range: $183k - $355k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $640,000
      MEDICAL BUILDING
      $625,000
      RESTAURANT
      $600,000
      AUTO REPAIR, GARAGE
      $470,000
      WAREHOUSE, STORAGE
      $405,000
      RETAIL STORES
      $390,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Jordan
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.988
    Latitude
    40.6019
    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
    $10,785
    $524,800
    $616,500
    $1,141,300
    -
    $524,800
    $616,500
    $1,141,300

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $1,725,000
      56,772 SF

      4053 8380th S

      INDUSTRIAL (GENERAL) • 56,772 SF
      4053 8380th S, West Jordan, UT 84088-5904
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    • Value Estimation
      $890,000
      19,380 SF

      4014 Nike Dr

      INDUSTRIAL (GENERAL) • 19,380 SF
      4014 Nike Dr, West Jordan, UT 84088-5943
      View Details
    • Value Estimation
      $1,430,000
      23,180 SF

      8149 Welby Park Dr

      INDUSTRIAL (GENERAL) • 23,180 SF
      8149 Welby Park Dr, West Jordan, UT 84088-5911
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    • Value Estimation by Request
      0.59 Acres

      3450 8550th S

      INDUSTRIAL (GENERAL) • 0.59 Acres
      3450 8550th S, West Jordan, UT 84088-5105
      View Details
    • Value Estimation by Request
      3,048 SF

      4135 Farm Rd

      INDUSTRIAL (GENERAL) • 3,048 SF
      4135 Farm Rd, West Jordan, UT 84088-4903
      View Details

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    • Contact for pricing
      14,024 SF

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      West Jordan Warehouse For Sale

      Warehouse property with convenient access to transit and amenities.
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      1,500 SF

      Retail Pad Site Available

      0.4 acre pad site for ground lease or build-to-suit.
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      View Details
    • Contact for pricing

      West Jordan Land Parcel

      Approximately 44 acres of land in West Jordan.
      6170 W 7800 S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      700 SF

      Prime Commercial Land Available

      Commercial land for sale, lease, or build to suit.
      6050 W 7800 S, West Jordan, UT 84088
      View Details
    • $2,675,000

      Net-Leased Investment Property For Sale

      Net-leased investment property available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      16,320 SF

      West Jordan Industrial Space Available

      Industrial space for lease in West Jordan, Utah.
      4145 W 8370 S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      44,000 SF

      West Jordan Industrial Space Available

      44,000 SF industrial space for lease in West Jordan.
      3333 W 9000 S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      3,000 SF

      West Jordan Warehouse Space

      3,000 SF warehouse space available for lease.
      4133 Farm Rd, West Jordan, UT 84088
      View Details
    • Contact for pricing
      33,977 SF

      West Jordan Industrial Opportunity

      10,048 SF industrial space in West Jordan for lease.
      8461 S Old Bingham Hwy, West Jordan, UT 84088
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    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1776 7800 S, West Jordan, UT 84088
      View Details
    • $20 SF/Yr
      1,220 SF

      Retail Space with Renovation Underway

      Retail space available for rent with complete renovation underway.
      1837 W 9000 S, West Jordan, UT 84088
      View Details
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    West Jordan, UT 84088-5912
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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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