Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Warehouses
50 3900th S Salt Lake City, UT 84107-1432
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0589860
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
29,367 SF
Lot
1.02 ac (44,431 SF)
Zoning code
MIXED
APN
15-36-427-021
UPID
US86-0589860
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
-
Huge Sportswear (Bike/Boat/Book/etc) Store Printing Service
-
Zero Gravity Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.38M
Blend (final)
Blend
$2.43M
Owner & transaction history
5039 Holdings LLC · 4 yrs held
5039 Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
MIXED · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+4.8%
Restaurant
$2.8M
+1.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,755,000
Current use
COMMERCIAL (GENERAL)
$2,890,000
Change: +5% · Conversion: Difficult
RESTAURANT
$2,805,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,350,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±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
$83 / 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
$42,786
Tax year 2024
Assessed value
$3,689,400
Assessed 2024
Previous assessed
$3,689,400
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$930,500
Assessed improvement
$2,758,900
Land market value
$930,500
Improvement market value
$2,758,900
Total market value
$3,689,400
Applied tax rate
14.0000
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
4
Stories
1
Total area
29,367 SF
Lot
1.02 ac (44,431 SF)
Zoning code
MIXED
APN
15-36-427-021
UPID
US86-0589860
Jurisdiction
SALT LAKE
Zoning & alternative use
MIXED · Salt Lake City, UT
Zoning MIXED · permitted uses
MIXED · 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
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1957
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
4
Lot
1.02 ac
Current owner
From public records · entity-resolved
5039 Holdings LLC
Entity
Mailing address
625 S STATE ST, SALT LAKE CITY, UT 84111-3879
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
—
5039 Holdings LLC
Lima Echo Echo LLC
Warranty Deed
—
Mar 24, 2021
—
Max Conder Holding LLC
—
Deed
related
$1,000,000 · First Utah Bank
Apr 10, 2020
—
Milne Conder Holding LLC
Mime Conder Holding LLC
Intrafamily Transfer
related
$3,050,000 · First Utah Bank
May 9, 2017
—
Milne Conder Holding LLC
—
Deed
related
$474,000 · Mountain W Small Busn Fin
Apr 28, 2017
—
Milne Conder Holding LLC
Sec 014 LLC
Grant Deed
—
Nov 3, 2016
—
Sec 014 LLC
—
Deed
related
$457,470 · First Utah Bank
Sep 30, 2016
—
Sec 014 LLC
Lone Rock Properties Llcf
Special Warranty Deed
$457,470 · First Utah Bank
Sep 6, 2016
—
Cmjc Health LLC
Ravarrinos 3902 South St Ll
Quitclaim Deed
$4,900,000 · Miscellaneous Ins Co
Aug 9, 2016
—
John D Ravarino
Ravarino Group LLC
Quitclaim Deed
related
—
May 19, 2010
—
Lone Rock Properties LLC
—
Trustees Deed
related
$2,444,955 · Bank Of American Fork
May 18, 2001
—
Lone Rock Properties LLC
Swb LLC
Grant Deed
$1,062,000 · Zions First National Bank
Jul 31, 1997
—
Swb LLC
Design Ink Ocrp
Quit Claim Deed
related
$410,000 · Zions First National Bank
—
—
Lone Rock Properties LLC
—
Deed Of Trust
related
$489,000 · Greater Salt Lake Business Dis
—
—
Swb LLC
—
Deed Of Trust
related
$581,113 · Individual
—
—
Swb LLC
—
Deed Of Trust
related
$350,000 · Sm Pointe Loan Lc
—
—
Milne Conder Holding LLC
—
Loan Modification
related
—
—
—
Milne Conder Holding LLC
—
Deed Of Trust
related
$474,000 · Mountain W Small Busn Fin
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 50 3900th S?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
