Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    489 Parkland Dr Sandy, UT 84070-6403

    • Warehouses
    • 4,159 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Jun 08, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-1441920
    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

    • Balanced Art Multisport / Gym & Fitness Center
    • Precision Bike Fit (We are Open) / (Bike/Boat/Book/etc) Store
    • The Bike Shed / (Bike/Boat/Book/etc) Store

    Property Details for 489 Parkland Dr

    Year built
    2000
    Lot size
    0.20 lot acres
    Property size
    4,159 SF
    Zone code
    CR-PUD
    Property type
    Warehouses
    APN
    27-01-179-001
    APU
    2701179001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.905
    Latitude
    40.5904
    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
    $8,580
    $281,500
    $591,200
    $872,700
    -
    $281,500
    $591,200
    $872,700

    Comparable in this City

    • Value Estimation
      $4,145,000
      50,688 SF

      9788 Sandy Pkwy

      WAREHOUSE, STORAGE • 50,688 SF
      9788 Sandy Pkwy, Sandy, UT 84070-6458
      View Details
    • Value Estimation
      $855,000
      13,885 SF

      9090 Sandy Pkwy

      WAREHOUSE, STORAGE • 13,885 SF
      9090 Sandy Pkwy, Sandy, UT 84070-6409
      View Details
    • Value Estimation
      $1,260,000
      9,990 SF

      9101 State St

      WAREHOUSE, STORAGE • 9,990 SF
      9101 State St, Sandy, UT 84070-2608
      View Details
    • Value Estimation
      $1,245,000
      21,600 SF

      455 Universal Cir

      WAREHOUSE, STORAGE • 21,600 SF
      455 Universal Cir, Sandy, UT 84070-2573
      View Details
    • Value Estimation
      $670,000
      14,680 SF

      541 9560th S

      WAREHOUSE, STORAGE • 14,680 SF
      541 9560th S, Sandy, UT 84070-2586
      View Details
    • Value Estimation
      $2,665,000
      96,000 SF

      8385 Allen St

      WAREHOUSE, STORAGE • 96,000 SF
      8385 Allen St, Sandy, UT 84070-6429
      View Details

    Similar Nearby for Sale

    • New
      $2,749,000
      1.17 Acres

      Shovel Ready Entitled Commercial Land

      1.17 acres of commercial land with fully entitled plans.
      8475 S State St, Sandy, UT 84070
      View Details
    • $4,999,825

      Versatile Industrial Building Near I-15

      Industrial building with warehouse and office space, near I-15.
      649 West 9400 South, Sandy, UT 84070
      View Details
    • Contact for pricing
      5,000 SF

      Sandy Industrial Property with Storage

      5,000 SF industrial space with office and covered storage.
      8665 S Harrison St, Sandy, UT 84070
      View Details
    • Contact for pricing

      Riverside Drive Investment Opportunity

      Two-story mixed-use property with complete interior renovation and parking.
      9075 S Riverside Dr W, Sandy, UT 84070
      View Details
    • $1,275,000
      0.41 Acres

      Professionally Designed Executive Office Building

      Executive office suites in a prime, high-visibility location.
      8494 S 700 E, Sandy, UT 84070
      View Details
    • $2,750,000
      9,878 SF

      New Office Building For Sale

      New office building in mixed-use development area, warm shell.
      8327 S State St, Sandy, UT 84070
      View Details

    Similar Nearby for Lease

    • $700 /Mo

      Prime Retail/Warehouse Space on 700

      Versatile retail/warehouse space with excellent visibility and convenient access.
      8734 South East, Sandy, UT 84070
      View Details
    • $16 SF/Yr
      23,255 SF

      Sandy Industrial Manufacturing Space

      23,255 SF Single-Tenant Industrial Building in Sandy, UT
      649 9400, Sandy, UT 84070
      View Details
    • $26 SF/Yr

      Retail & Warehouse Space Available

      Versatile retail and warehouse space in a prime location.
      10763 S State St, Sandy, UT 84070
      View Details
    • Sponsored
      New
      Contact for pricing

      Sandy Center

      Discover many ways to work your way in Sandy Center
      9980 300, Sandy, UT 84070
      View Details
    • $1.00 SF/Yr
      4,454 SF

      Sandy Flex Space For Rent

      Flex space with easy I-15 access in Sandy, Utah.
      9418 S 670 W, Sandy, UT 84070
      View Details
    • Contact for pricing
      4,582 SF

      I-15 Frontage Flex Space

      New flex space with signage on I-15 available for rent.
      8750 S Harrison St, Sandy, UT 84070
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    489 Parkland Dr
    Sandy, UT 84070-6403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!