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Property profile & analytics
FOR SALE
Drug stores
4668 S Redwood Rd Salt Lake City, UT 84129
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0064688
For Sale
1 / 2
$5,106,667
4668 S Redwood Rd, Salt Lake City, UT 84129
View Listing →
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,280 SF
Lot
0.95 ac (41,382 SF)
Zoning code
CC
APN
21-03-380-022
UPID
US86-0064688
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
-
SemaConnect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$852k
Blend (final)
Blend
$850k
Owner & transaction history
4668 Redwood Road LLC · 4 yrs held
4668 Redwood Road LLC
since 2022
7 recorded transactions
Zoning & alternative use
CC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+106.1%
Industrial (general)
$875,000
+56.8%
Warehouse, storage
$845,000
+51.8%
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
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$555,000
Current use
AUTO REPAIR, GARAGE
$1,150,000
Change: +106% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$875,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$845,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±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
$60 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$46,863
Tax year 2023
Assessed value
$4,146,100
Assessed 2023
Previous assessed
$4,146,100
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,492,200
Assessed improvement
$2,653,900
Land market value
$1,492,200
Improvement market value
$2,653,900
Total market value
$4,146,100
Applied tax rate
61.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
For Sale
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
YES
Stories
1
Units
1
Rooms
5
Bathrooms
1
Total area
14,280 SF
Lot
0.95 ac (41,382 SF)
Zoning code
CC
APN
21-03-380-022
UPID
US86-0064688
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · Salt Lake City, UT
Zoning CC · permitted uses
CC · 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
RETAIL STORES Current
Est. value
$555,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$875,000
WAREHOUSE, STORAGE
Est. value
$845,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Rooms
5
Bathrooms
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
4668 Redwood Road LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2022
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 8, 2022
—
4668 Redwood Road LLC
Allura2 Investment LLC
Assignment Of Lease (leasehold Sale)
$3,500,000 · Capstar Bank
May 24, 2019
—
Allura2 Investment LLC
Rancho Los Hermosos LLC
Warranty Deed
$3,360,000 · Capstar Bank
Apr 15, 2004
—
Rancho Los Hermosos LLC
Utah Wag 4700 LLC
Grant Deed
related
—
Oct 1, 2002
—
Devincenti,james A & Deborah A
47th South & Redwood Wg LLC
Trustees Deed
$3,500,000 · Wachovia Bank NA
Sep 30, 2002
—
Steve C Smith
47th South & Redwood Wg LLC
Grant Deed
related
—
Sep 28, 2001
—
47th South & Redwood LLC
Dft Enterprises Lc
Grant Deed
$3,250,000 · Wells Fargo Bank
Jun 1, 2001
—
47th South & Redwood Wg LLC
Deverali,florence J
Grant Deed
related
—
—
—
Rancho Los Hermosos LLC
—
Deed Of Trust
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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