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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Warehouses
5128 Ashfield Dr, Herriman, UT 84096-5747
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0528998
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Construction
WOOD FRAME
Total area
7,200 SF
Lot
2.7 ac (117,612 SF)
Zoning code
C-2
APN
26-36-202-007
UPID
US86-0528998
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
$1.22M
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$960k
Owner & transaction history
Ps Mountain West LLC · 4 yrs held
Ps Mountain West LLC
since 2021
7 recorded transactions
Zoning & alternative use
C-2 · Herriman, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+114.4%
Restaurant
$970,000
+94.9%
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 Herriman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Herriman 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
$1,215,000
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,065,000
Change: +114% · Conversion: Difficult
RESTAURANT
$970,000
Change: +95% · Conversion: Difficult
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$133 / 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
$39,151
Tax year 2024
Assessed value
$3,537,880
Assessed 2024
Previous assessed
$3,537,880
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$2,293,390
Assessed improvement
$1,244,490
Land market value
$2,293,390
Improvement market value
$1,244,490
Total market value
$3,537,880
Applied tax rate
70.0000
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
2003
Construction
WOOD FRAME
Heating
NONE
Buildings
12
Stories
1
Units
368
Total area
7,200 SF
Lot
2.7 ac (117,612 SF)
Zoning code
C-2
APN
26-36-202-007
UPID
US86-0528998
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Herriman, UT
Zoning C-2 · permitted uses
C-2 · Herriman, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Herriman. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$970,000
COMMERCIAL (GENERAL)
RESTAURANT
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
2003
Construction
WOOD FRAME
Heating
NONE
Stories
1
Buildings
12
Units
368
Lot
2.7 ac
Current owner
From public records · entity-resolved
Ps Mountain West LLC
Entity
Mailing address
PO BOX 25025, GLENDALE, CA 91221-5025
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
—
Ps Mountain West LLC
Herriman Self Storage & Moving LLC
Special Warranty Deed
—
Apr 29, 2021
—
Herriman Self Storage & Moving LLC
Herriman Self Storage & Moving LLC
Intrafamily Transfer
related
—
Jun 2, 2014
—
Self Storage Herriman
Kershaw Delores Trust
Quit Claim Deed
related
—
May 30, 2014
—
Herriman Self Storage & Moving LLC
Herriman Storgage LLC
Warranty Deed
$2,200,000 · Rialto Mortgage Finance LLC
Mar 9, 2010
—
Kershaw Delores Trust
Kershaw,delores
Quit Claim Deed
related
—
Dec 18, 2008
—
Mill Square LLC
Kershaw,delores
Warranty Deed
—
Sep 6, 2005
—
Herriman Storage LLC
Cobblestone Rentals Lc
Grant Deed
related
—
—
—
Herriman Storage LLC
—
Deed Of Trust
related
$2,350,000 · Lasalle National Bank
—
—
Cobblestone Rentals Lc
—
Deed Of Trust
related
$320,000 · Hills K J & M M Psp/tr (tr)
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.
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