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Property profile & analytics
OFF-MARKET
Estimated value
$2,805,000
Distribution centers
5151 150th S Salt Lake City, UT 84104-6003
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US86-0556002
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2020
Total area
85,605 SF
Lot
7.62 ac (331,927 SF)
Zoning code
IP-M-1
APN
14-01-251-001
UPID
US86-0556002
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
-
BTX Global Logistics SLC-PVU Logistics Company Freight Service
-
Stevens Freight Enterprises Freight Service Logistics Company
-
ASAP Freight LLC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.81M
Owner & transaction history
Kbc Properties LLC · 7 yrs held
Kbc Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
IP-M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.1M
+12.7%
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
$3,645,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,110,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$2.81M
Range $2.52M – $3.09M · ±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
$159,509
Tax year 2024
Assessed value
$16,739,300
Assessed 2024
Previous assessed
$16,739,300
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$4,566,100
Assessed improvement
$12,173,200
Land market value
$4,566,100
Improvement market value
$12,173,200
Total market value
$16,739,300
Applied tax rate
13.0000
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
2020
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
85,605 SF
Lot
7.62 ac (331,927 SF)
Zoning code
IP-M-1
APN
14-01-251-001
UPID
US86-0556002
Jurisdiction
SALT LAKE
Zoning & alternative use
IP-M-1 · Salt Lake City, UT
Zoning IP-M-1 · permitted uses
IP-M-1 · 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
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
WAREHOUSE, STORAGE Current
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
Year built
2020
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
7.62 ac
Current owner
From public records · entity-resolved
Kbc Properties LLC
Entity
Mailing address
PO BOX 22045, SALT LAKE CITY, UT 84122-0045
Ownership since
2019
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
Jun 1, 2022
—
Kbc Properties LLC
—
Deed
related
$4,232,300 · Bank Of America NA
Dec 7, 2020
—
Kbc Properties LLC
—
Deed
related
$4,363,000 · Northwest Bk
Nov 5, 2020
—
Intercap Lendin LLC
—
Deed
related
$4,363,000 · Northwest Bank
Oct 31, 2019
—
Kbc Properties LLC
—
Trustees Deed
related
$8,180,409 · Northwest Bk
Jul 19, 2019
—
Kbc Properties LLC
Salt Lake City Personal Warehouses
Warranty Deed
$1,000,000 · Northwest Bank
Oct 9, 2015
—
Salt Lake City Personal Wareho
First Industrial Inv II LLC
Grant Deed
related
—
Jan 18, 2008
—
Salt Lake City Personal Wareho
First Industrial Inv INC
Grant Deed
—
—
—
Kbc Properties LLC
—
Deed Of Trust
related
$4,363,000 · Northwest Bk
—
—
Kbc Properties LLC
—
Deed Of Trust
related
$3,776,000 · 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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