Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Warehouses
4112 500th W Salt Lake City, UT 84123-1334
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0364175
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
STEEL FRAME
Total area
12,020 SF
Lot
2.28 ac (99,317 SF)
Zoning code
M-G-C
APN
15-36-351-023
UPID
US86-0364175
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
-
Healing Therapy by Laura Alternative Medicine Practice
-
BrightView Landscape Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$894k
Blend (final)
Blend
$760k
Owner & transaction history
Dcn Properties LLC · 7 yrs held
Dcn Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
M-G-C · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$965,000
+35.8%
Industrial (general)
$735,000
+3.3%
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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$710,000
Current use
AUTO REPAIR, GARAGE
$965,000
Change: +36% · Conversion: Easy
INDUSTRIAL (GENERAL)
$735,000
Change: +3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$630,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$63 / 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
$23,773
Tax year 2024
Assessed value
$2,737,200
Assessed 2024
Previous assessed
$2,737,200
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$1,539,400
Assessed improvement
$1,197,800
Land market value
$1,539,400
Improvement market value
$1,197,800
Total market value
$2,737,200
Applied tax rate
21.0000
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
12,020 SF
Lot
2.28 ac (99,317 SF)
Zoning code
M-G-C
APN
15-36-351-023
UPID
US86-0364175
Jurisdiction
SALT LAKE
Zoning & alternative use
M-G-C · Salt Lake City, UTZoning M-G-C · permitted uses
M-G-C · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$965,000
INDUSTRIAL (GENERAL)
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$630,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.28 ac
Current owner
From public records · entity-resolved
Dcn Properties LLC
Entity
Mailing address
3805 N 450TH W, PROVO, UT 84604-4911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Jul 30, 2019
—
Dcn Properties LLC
Deric Shelley
Special Warranty Deed
$1,228,500 · Goldenwest FCU
Jun 8, 2016
—
Deric Shelley
Chatfield Construction INC
Warranty Deed
$1,400,000 · Chatfield Construction INC
Jun 20, 2012
—
Chatfield Construction INC
Erkelens,thomas A
Warranty Deed
related
—
—
—
Chatfield Construction Co INC
—
Deed Of Trust
related
$578,500 · Bank Of Utah
—
—
Chatfield Construction Co INC
—
Deed Of Trust
related
$250,000 · Bank Of Utah
—
—
Thomas A Erkelens
—
Deed Of Trust
related
$60,000 · West One Bank Utah
—
—
Thomas A Erkelens
—
Deed Of Trust
related
$75,000 · West One Bank Utah
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 4112 500th W?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
