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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4608 Cherry St Salt Lake City, UT 84123

    • Warehouses
    • 10,496 SF
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    Apr 06, 2022
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0342769
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 4608 Cherry St

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.89 lot acres
    Property size
    10,496 SF
    Zone code
    MGC
    Property type
    Warehouses
    APN
    21-01-327-007
    APU
    2101327007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $670,000
      Market price range: $432k - $794k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $620,000
      Current use
      AUTO REPAIR, GARAGE
      $845,000
      Change: +36% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $640,000
      Change: +3% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $550,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.905
    Latitude
    40.6714
    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
    $16,838
    $467,100
    $1,586,800
    $2,053,900
    -
    $467,100
    $1,586,800
    $2,053,900

    Comparable in this City

    • Value Estimation
      $910,000
      12,380 SF

      4621 400th W

      WAREHOUSE, STORAGE • 12,380 SF
      4621 400th W, Salt Lake City, UT 84123-3602
      View Details
    • Value Estimation
      $1,320,000
      30,940 SF

      611 4330th S

      WAREHOUSE, STORAGE • 30,940 SF
      611 4330th S, Salt Lake City, UT 84123-2525
      View Details
    • Value Estimation
      $950,000
      16,984 SF

      585 3900th S

      WAREHOUSE, STORAGE • 16,984 SF
      585 3900th S, Salt Lake City, UT 84123-7750
      View Details
    • Value Estimation
      $2,105,000
      57,440 SF

      4060 500th W

      WAREHOUSE, STORAGE • 57,440 SF
      4060 500th W, Salt Lake City, UT 84123-1300
      View Details
    • Value Estimation
      $1,060,000
      19,640 SF

      4050 500th W

      WAREHOUSE, STORAGE • 19,640 SF
      4050 500th W, Salt Lake City, UT 84123-1358
      View Details
    • Value Estimation
      $875,000
      29,416 SF

      624 Confluence Ave

      MINI-WAREHOUSE, STORAGE • 29,416 SF
      624 Confluence Ave, Salt Lake City, UT 84123
      View Details

    Similar Nearby for Sale

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      Renovated Office Building For Sale

      Recently renovated office building with parking and freeway access.
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      Taylorsville Townhome in Barrington Park

      Well-maintained townhome with new carpet and convenient access to amenities.
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    • $5,106,667
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      Walgreens NNN Lease Investment Opportunity

      NNN lease with corporate guarantee by Walgreens Co.
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    • $4,350,000
      16,463 SF

      Taylorsville Office Building For Sale

      Office building for sale with high traffic and freeway access.
      6150 Redwood Rd, Taylorsville, UT 84123
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    • $299,000
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      Taylorsville Land Opportunity

      Large lot in established neighborhood, close to amenities.
      1342 W Morning Sun Dr, Salt Lake City, UT 84123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      295,373 SF

      Jordan River Warehouse Space Available

      Class A warehouse space, Taylorsville, UT. Multiple suites available.
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      View Details
    • Contact for pricing
      25,000 SF

      25,000 SF Flex Space Available

      25,000 SF flex space for lease, available August 1, 2023.
      556 W Confluence Ave, Salt Lake City, UT 84123
      View Details
    • Contact for pricing
      20,800 SF

      Industrial Property with Heavy Power

      Two-building industrial property with M-G zoning and heavy power.
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    • Contact for pricing
      740 SF

      Salt Lake Flex Space Available

      Flex space with office and production buildout, central valley location.
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      View Details
    • $13 SF/Yr
      21,398 SF

      Atherton Medical Office Space for Lease

      Central Valley West medical office suites available
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      View Details
    • $23 SF/Yr
      37,230 SF

      Taylorsville Office Space Available

      Three Suites, 6,108 - 21,007 SF
      4393 Riverboat Rd, Taylorsville, UT 84123
      View Details
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    4608 Cherry St
    Salt Lake City, UT 84123
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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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