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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Industrial properties
425 400th W North Salt Lake, UT 84054-2785
Individually Owned
28-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0733746
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
1999
Total area
6,400 SF
Lot
3.48 ac (151,589 SF)
Zoning code
MD
APN
01-131-0060
UPID
US86-0733746
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
-
RPS Composites Factory Production Facility
-
Yellowstone Leather Products Industrial Manufacturer Production Facility
-
Robs Wildlife Photography Service (Bike/Boat/Book/etc) Store
-
Redline Roofing Roofing Company General Contractor
-
Anchor Com Telecommunications Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
$565k
Blend (final)
Blend
$555k
Owner & transaction history
Nsl Office Warehouse Complex · 28 yrs held
Nsl Office Warehouse Complex
since 1998
3 recorded transactions
Zoning & alternative use
MD · North Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide areas in appropriate locations where light manufacturing, industrial processes and warehousing not producing objectionable effects may be established
Zone name
Manufacturing Distribution
General category
INDUSTRIAL
Zone area
1,139.55 ac
Source
Realmo
Top alternative use upside
Office building
$845,000
+113.7%
Restaurant
$780,000
+96.7%
Apartment house (5+ units)
$545,000
+38.1%
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 North Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Salt Lake 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
$480,000
CAP Approach
CAP Return
Estimation
6%
$670,000
6.5%
$615,000
7%
$575,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$395,000
Current use
OFFICE BUILDING
$845,000
Change: +114% · Conversion: Difficult
RESTAURANT
$780,000
Change: +97% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$545,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$87 / 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
$21,001
Tax year 2024
Assessed value
$1,161,896
Assessed 2024
Previous assessed
$1,161,896
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$652,616
Assessed improvement
$509,280
Land market value
$1,186,576
Improvement market value
$925,965
Total market value
$2,112,541
Applied tax rate
44.0000
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
1999
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
6,400 SF
Lot
3.48 ac (151,589 SF)
Zoning code
MD
APN
01-131-0060
UPID
US86-0733746
Jurisdiction
DAVIS
Zoning & alternative use
MD · North Salt Lake, UTZoning MD · permitted uses
MD · North Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide areas in appropriate locations where light manufacturing, industrial processes and warehousing not producing objectionable effects may be established
Zone name
Manufacturing Distribution
General category
INDUSTRIAL
Zone area
1,139.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$395,000
OFFICE BUILDING
Est. value
$845,000
RESTAURANT
Est. value
$780,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$540,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
3.48 ac
Current owner
From public records · entity-resolved
Nsl Office Warehouse Complex
Individual
Free & Clear · 28 yrs held
Mailing address
845 N 400TH W, NORTH SALT LAKE, UT 84054-2749
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 1998
—
Nsl Office Warehouse Complex
Swenson Trust
Quit Claim Deed
related
—
Sep 30, 1994
—
Swenco Ltd Partnership
Beneficial Development Co
Grant Deed
related
—
—
—
Nsl Office Warehouse Complex
—
Deed Of Trust
related
$346,331 · Swenson Trust
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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