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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Warehouses
4700 Highland Dr Salt Lake City, UT 84117-5277
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US86-0025603
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,900 SF
Lot
1.21 ac (52,708 SF)
Zoning code
C-2
APN
22-04-451-039
UPID
US86-0025603
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Magnus Hotel Management Hotel & Motel Resort
-
Holladay Self Storage Storage Facility
-
JMP Storage, LLC Storage Facility
-
Magnus Commercial Properties Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$730k
Blend (final)
Blend
$715k
Owner & transaction history
Slc Storage LLC · 16 yrs held
Slc Storage LLC
since 2009
7 recorded transactions
Zoning & alternative use
C-2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+101.7%
Commercial (general)
$885,000
+59.4%
Auto repair, garage
$790,000
+42.4%
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 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
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$555,000
Current use
RESTAURANT
$1,115,000
Change: +102% · Conversion: Difficult
COMMERCIAL (GENERAL)
$885,000
Change: +59% · Conversion: Difficult
AUTO REPAIR, GARAGE
$790,000
Change: +42% · Conversion: Easy
RETAIL STORES
$590,000
Change: +6% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$72 / 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
$23,144
Tax year 2024
Assessed value
$2,038,000
Assessed 2024
Previous assessed
$2,038,000
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$798,500
Assessed improvement
$1,239,500
Land market value
$798,500
Improvement market value
$1,239,500
Total market value
$2,038,000
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
8
Stories
1
Units
167
Total area
9,900 SF
Lot
1.21 ac (52,708 SF)
Zoning code
C-2
APN
22-04-451-039
UPID
US86-0025603
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Salt Lake City, UT
Zoning C-2 · permitted uses
C-2 · 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
$555,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$790,000
RETAIL STORES
Est. value
$590,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$475,000
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
8
Units
167
Lot
1.21 ac
Current owner
From public records · entity-resolved
Slc Storage LLC
Entity
Mailing address
4700 S HIGHLAND DR STE D, MILLCREEK, UT 84117-5282
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Feb 10, 2023
—
Slc Storage LLC
—
Deed
related
$22,500,000 · Tiaa Fsb Holdings INC
Sep 11, 2020
—
Slc Storage LLC
—
Deed
related
$22,500,000 · Tiaa Fsb Holdings INC
Dec 4, 2009
—
Slc Storage LLC
Holladay Self Storage LLC
Warranty Deed
—
Sep 1, 2005
—
Holladay Self Storage LLC
Holladay Mini Storage LLC
Quit Claim Deed
—
Jan 19, 2000
—
Holladay Mini Storage LLC
Holladay Business Storage
Quit Claim Deed
related
$1,100,000 · Starker Services INC
—
—
Slc Storage LLC
—
Deed Of Trust
related
$1,300,000 · Everbank
—
—
Holladay Mini Storage LLC
—
Deed Of Trust
related
$1,625,000 · Lasalle National Bank
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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