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    OFF-MARKET Estimated value $1,895,000
    Auto shops

    50 Redwood Rd, Salt Lake City, UT 84116-3157

    27,783 SF 14.48 ac lot Built 1954
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US86-0251244
    Property summary
    AI-generated overview

    This exceptional Salt Lake City industrial property, situated on a substantial 14.48-acre fenced and secured lot, presents a unique investment opportunity. The property boasts a diverse range of improvements, including an 18,887 square foot canopy, a 35,985 square foot dry storage warehouse, and significant office and canopy space totaling 9,520 square feet. Additional structures include a 1,795 square foot car wash and a 696 square foot detail shop. The site also offers approximately 3,000 parking stalls, adding significant potential for various uses. Built in 1954 with renovations completed in 1997, the property features 16-foot ceilings and benefits from readily available power capabilities within the yard. Its strategic location in the highly desirable Power District provides quick access to major freeways including I-15, I-215, I-80, and Redwood Road. The TSA-MUEC-T (Transit Station-Mixed Use Employment Center) zoning allows for a wide array of development possibilities. This single-tenant property offers a rare combination of size, functionality, and location, making it an ideal asset for a variety of industrial and commercial uses. The property is located at 50 S Redwood Rd, Salt Lake City, UT 84116.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1954
    Construction STEEL FRAME
    Total area 27,783 SF
    Lot 14.48 ac (630,749 SF)
    Zoning code TSAMUE
    APN 15-03-126-008
    UPID US86-0251244
    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
    • Diamond Self Storage Storage Facility
    • 50 S Redwood Rd Parking Parking Lot & Garage
    • Diamond Parking Services Parking Lot & Garage
    • Uhaul Car Rental Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.57M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.22M
    Blend (final) Blend
    $1.90M
    Owner & transaction history
    Diamond Parking INC · 18 yrs held
    Diamond Parking INC
    since 2007
    4 recorded transactions
    2007
    2007
    2004
    1969
    Zoning & alternative use
    TSAMUE · Salt Lake City, UT
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $2.9M +41.7%
    Commercial (general) $2.4M +17.6%
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