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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Warehouses
5251 Commerce Dr Salt Lake City, UT 84107-4711
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-1454004
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,496 SF
Lot
0.39 ac (16,988 SF)
Zoning code
M-U
APN
21-12-402-011
UPID
US86-1454004
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
-
Salt Lake City Appliance Service Home Appliance Store
-
BTC Fulfillment Shipping Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.44M
Blend (final)
Blend
$1.42M
Owner & transaction history
Renfro Murray Properties LLC · 3 yrs held
Renfro Murray Properties LLC
since 2023
7 recorded transactions
Zoning & alternative use
M-U · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.2M
+54.2%
Commercial (general)
$1.5M
+4.8%
Restaurant
$1.5M
+1.8%
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
$1,455,000
Current use
MEDICAL BUILDING
$2,240,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,525,000
Change: +5% · Conversion: Difficult
RESTAURANT
$1,480,000
Change: +2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,240,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.42M
Range $1.28M – $1.56M · ±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
$92 / 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
$18,305
Tax year 2024
Assessed value
$2,232,900
Assessed 2024
Previous assessed
$2,232,900
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$407,700
Assessed improvement
$1,825,200
Land market value
$407,700
Improvement market value
$1,825,200
Total market value
$2,232,900
Applied tax rate
21.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Total area
15,496 SF
Lot
0.39 ac (16,988 SF)
Zoning code
M-U
APN
21-12-402-011
UPID
US86-1454004
Jurisdiction
SALT LAKE
Zoning & alternative use
M-U · Salt Lake City, UT
Zoning M-U · permitted uses
M-U · 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
$1.5M
MEDICAL BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Renfro Murray Properties LLC
Entity
Mailing address
5241 S COMMERCE DR, MURRAY, UT 84107-4711
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
Renfro Murray Properties LLC
Unleashed Properties LLC
Special Warranty Deed
—
Feb 23, 2022
—
Unleashed Properties LLC
—
Deed
related
$1,555,042 · Capital Community Bank
Feb 6, 2018
—
Unleashed Properties LLC
—
Deed
related
$763,000 · Mountain W Small Busn Fin
Jan 31, 2018
—
Unleashed Properties LLC
Holdings LLC
Special Warranty Deed
$740,000 · Us Bank NA
Feb 4, 2011
—
Holding LLC
—
Deed Of Trust
related
$1,108,000 · Bank Of American Fork
Apr 12, 2005
—
Marc R Jones
Oasis Const & Design INC
Grant Deed
$357,243 · Bank Of Utah
—
—
Holding LLC
—
Deed Of Trust
related
$1,432,500 · Quorus Commercial
—
—
Holding LLC
—
Deed Of Trust
related
$347,000 · Greater Salt Lake Business Dis
—
—
Unleashed Properties LLC
—
Deed Of Trust
related
$763,000 · 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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