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Property profile & analytics
FOR SALE
Distribution centers
5124 W Old Bingham Hwy, West Jordan, UT 84081
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0408038
For Sale
1 / 2
$14,335,000
5124 W Old Bingham Hwy, West Jordan, UT 84081
View Listing →
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Total area
216,141 SF
Lot
19.7 ac (858,132 SF)
Zoning code
M-1
APN
26-12-201-001
UPID
US86-0408038
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.14M
Blend (final)
Blend
$14.34M
Owner & transaction history
Kelez Cottonwood Heights LLC · 4 yrs held
Kelez Cottonwood Heights LLC
since 2021
2 recorded transactions
Zoning & alternative use
M-1 · West Jordan, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$23.5M
+78.0%
Auto repair, garage
$18.2M
+38.2%
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 West Jordan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Jordan 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
$13,180,000
Current use
RESTAURANT
$23,455,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,220,000
Change: +38% · Conversion: Easy
RETAIL STORES
$13,155,000
Change: 0% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,825,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$14.34M
Range $12.90M – $15.77M · ±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
$66 / 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
$523,543
Tax year 2024
Assessed value
$55,436,800
Assessed 2024
Previous assessed
$55,436,800
+0.0% YoY
Effective rate
0.94%
On assessed value
Assessed land
$11,511,400
Assessed improvement
$43,925,400
Land market value
$11,511,400
Improvement market value
$43,925,400
Total market value
$55,436,800
Applied tax rate
37.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
For Sale
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
216,141 SF
Lot
19.7 ac (858,132 SF)
Zoning code
M-1
APN
26-12-201-001
UPID
US86-0408038
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · West Jordan, UT
Zoning M-1 · permitted uses
M-1 · West Jordan, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Jordan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.2M
RESTAURANT
Est. value
$23.5M
AUTO REPAIR, GARAGE
Est. value
$18.2M
RETAIL STORES
Est. value
$13.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
WAREHOUSE, STORAGE Current
RESTAURANT
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
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
19.7 ac
Current owner
From public records · entity-resolved
Kelez Cottonwood Heights LLC
Entity
Free & Clear · 4 yrs held
Mailing address
7847 S PHEASANT WOOD DR, COTTONWOOD HEIGHTS, UT 84093-6292
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2022
—
Kelez Cottonwood Heights LLC
—
Deed
related
$31,500,000 · First National Bank Of Omaha
Aug 24, 2021
—
Kelez Cottonwood Heights LLC
Weldon And Judy Noland Family LP
Special Warranty Deed
—
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?”
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