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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Distribution centers
515 700th W North Salt Lake, UT 84054-2740
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-1361885
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1987
Total area
18,000 SF
Lot
2.64 ac (114,998 SF)
Zoning code
MD
APN
01-083-0030
UPID
US86-1361885
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
-
United Site Services Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$595k
Owner & transaction history
515 N 700 W LLC · 2 yrs held
515 N 700 W LLC
since 2023
5 recorded transactions
Zoning & alternative use
MD · North Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Salt Lake 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
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$630,000
Current use
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$33 / 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
$16,877
Tax year 2024
Assessed value
$933,763
Assessed 2024
Previous assessed
$933,763
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$510,303
Assessed improvement
$423,460
Land market value
$927,825
Improvement market value
$769,928
Total market value
$1,697,753
Applied tax rate
244.0000
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
Off-Market
Year built
1987
Heating
SPACE
Stories
1
Units
1
Total area
18,000 SF
Lot
2.64 ac (114,998 SF)
Zoning code
MD
APN
01-083-0030
UPID
US86-1361885
Jurisdiction
DAVIS
Zoning & alternative use
MD · North Salt Lake, UT
Zoning MD · permitted uses
MD · North Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$630,000
WAREHOUSE, STORAGE Current
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
1987
Heating
SPACE
Stories
1
Units
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
515 N 700 W LLC
Entity
Mailing address
800 BRICKELL AVE STE #904, MIAMI, FL 33131-2966
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
—
515 N 700 W LLC
Overland Leasing LLC
Special Warranty Deed
$1,460,000 · Overland Leasing LLC
May 13, 2013
—
Overland Leasing LLC
—
Loan Modification
related
$5,986,704 · Zions First National Bank
May 24, 2005
—
Overland Leasing LLC
Dats Trucking INC
Quit Claim Deed
related
$1,300,000 · Zions First National Bank
Feb 4, 2005
—
Dats Trucking INC
Stark-espenschied LLC
Warranty Deed
$1,300,000 · Espenschied Transport Corp
Feb 19, 2003
—
Stark-espenschied LLC
Espenschied,bryan J
Quit Claim Deed
related
—
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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