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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Warehouses
4191 500th W Salt Lake City, UT 84123-7708
Entity Owned
20-yr Hold
Free & Clear
Property ID
US86-0413796
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Construction
WOOD FRAME
Total area
18,000 SF
Lot
5.37 ac (233,917 SF)
Zoning code
MGC
APN
21-01-126-007
UPID
US86-0413796
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
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.31M
Owner & transaction history
Scw Dev LLC · 20 yrs held
Scw Dev LLC
since 2005
4 recorded transactions
Zoning & alternative use
MGC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+82.4%
Auto repair, garage
$1.4M
+35.8%
Industrial (general)
$1.1M
+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
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,065,000
Current use
MEDICAL BUILDING
$1,945,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,445,000
Change: +36% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,100,000
Change: +3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$940,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$73 / 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
$79,364
Tax year 2024
Assessed value
$9,138,000
Assessed 2024
Previous assessed
$9,138,000
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$2,484,200
Assessed improvement
$6,653,800
Land market value
$2,484,200
Improvement market value
$6,653,800
Total market value
$9,138,000
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
WOOD FRAME
Heating
SPACE
Buildings
6
Stories
1
Total area
18,000 SF
Lot
5.37 ac (233,917 SF)
Zoning code
MGC
APN
21-01-126-007
UPID
US86-0413796
Jurisdiction
SALT LAKE
Zoning & alternative use
MGC · Salt Lake City, UT
Zoning MGC · permitted uses
MGC · 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
$1.1M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$940,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
6
Lot
5.37 ac
Current owner
From public records · entity-resolved
Scw Dev LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 571367, MURRAY, UT 84157-1367
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2005
—
Scw Dev LLC
Gordon Kelly B Trust
Grant Deed
—
Dec 20, 2001
—
Gordon Trust
S C W Development LLC
Grant Deed
related
—
Oct 4, 2001
—
Gordon Trust
K K G Development LLC
Grant Deed
related
—
Jun 6, 2001
—
S C W Development LLC
K K G Development LLC
Grant Deed
related
—
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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