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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Warehouses
45 Senior Way South Salt Lake, UT 84115-2614
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-1412133
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,060 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C-1
APN
15-24-280-007
UPID
US86-1412133
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
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$505k
Owner & transaction history
Gb 2270 2280 S Main Street LLC · 3 yrs held
Gb 2270 2280 S Main Street LLC
since 2023
7 recorded transactions
Zoning & alternative use
C-1 · South Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$840,000
+43.4%
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 South Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$585,000
Current use
AUTO REPAIR, GARAGE
$840,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$50 / 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
$15,141
Tax year 2024
Assessed value
$1,363,700
Assessed 2024
Previous assessed
$1,363,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$397,300
Assessed improvement
$966,400
Land market value
$397,300
Improvement market value
$966,400
Total market value
$1,363,700
Applied tax rate
14.0000
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
10,060 SF
Lot
0.48 ac (20,909 SF)
Zoning code
C-1
APN
15-24-280-007
UPID
US86-1412133
Jurisdiction
SALT LAKE
Zoning & alternative use
C-1 · South Salt Lake, UT
Zoning C-1 · permitted uses
C-1 · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$585,000
AUTO REPAIR, GARAGE
Est. value
$840,000
WAREHOUSE, STORAGE Current
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.48 ac
Current owner
From public records · entity-resolved
Gb 2270 2280 S Main Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
423 W BROADWAY STE #230, SALT LAKE CITY, UT 84101-1239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 6, 2023
—
Gb 2270 2280 S Main Street LLC
J&b Buchi Properties LLC
Special Warranty Deed
—
Feb 13, 2017
—
J&b Buchi Properties LLC
Burbs LLC
Special Warranty Deed
$680,000 · Us Bank NA
Feb 24, 2010
—
Burbs LLC
Big T Realty LLC
Warranty Deed
—
Sep 26, 2008
—
Big T Realty LLC
Sorenson Lands LLC
Special Warranty Deed
—
Jul 12, 2006
—
Sorenson Lands LLC
Intermountain Holding
Warranty Deed
—
—
—
Intermountain Holding Co
—
Deed Of Trust
related
$150,000 · Key Bank NA
—
—
Intermountain Holding Co
—
Deed Of Trust
related
$185,000 · Key Bank NA
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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