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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Warehouses
4621 400th W Salt Lake City, UT 84123-3602
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0170864
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,380 SF
Lot
2.59 ac (112,820 SF)
Zoning code
MGC
APN
21-01-378-011
UPID
US86-0170864
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
-
Secure-N-Stor Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$937k
Blend (final)
Blend
$910k
Owner & transaction history
Christopher E Liechty · 2 yrs held
Christopher E Liechty
since 2023
7 recorded transactions
Zoning & alternative use
MGC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.3M
+82.4%
Auto repair, garage
$995,000
+35.8%
Industrial (general)
$755,000
+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
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$735,000
Current use
MEDICAL BUILDING
$1,335,000
Change: +82% · Conversion: Difficult
AUTO REPAIR, GARAGE
$995,000
Change: +36% · Conversion: Easy
INDUSTRIAL (GENERAL)
$755,000
Change: +3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±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
$74 / 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
$29,187
Tax year 2024
Assessed value
$3,620,780
Assessed 2024
Previous assessed
$3,620,780
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$1,239,390
Assessed improvement
$2,381,390
Land market value
$1,239,390
Improvement market value
$2,381,390
Total market value
$3,620,780
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
9
Stories
1
Units
436
Total area
12,380 SF
Lot
2.59 ac (112,820 SF)
Zoning code
MGC
APN
21-01-378-011
UPID
US86-0170864
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
$735,000
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$995,000
INDUSTRIAL (GENERAL)
Est. value
$755,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
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
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
9
Units
436
Lot
2.59 ac
Current owner
From public records · entity-resolved
Christopher E Liechty
Individual
Mailing address
3180 E DEL MAR DR, MILLCREEK, UT 84109-3708
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2023
—
Christopher E Liechty
Dona Rodriguez
Warranty Deed
—
Dec 23, 2020
—
Investimento Storage LLC
—
Deed
related
$1,900,000 · Wells Fargo Bank NA
Dec 17, 2018
—
Investimento Storage LLC
Meier,becky
Quit Claim Deed
related
—
Jul 12, 2013
—
Investmento Storage LLC
Exchange Holdings Corp Four
Grant Deed
—
Jun 3, 2008
—
Exchange Holdings Corp Four
Investimento Storage LLC
Warranty Deed
—
Jun 2, 2008
—
Alamo Storage Lc
Bgp LLC
Grant Deed
$2,077,500 · Utah First FCU
Oct 14, 2004
—
Bgp LLC
Wesco Dev INC
Quit Claim Deed
related
—
—
—
Investimento Storage LLC
—
Deed Of Trust
related
$1,800,000 · Sunwest Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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