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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Community centers
5500 Redwood Rd, Salt Lake City, UT 84123-5375
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US86-0043030
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,204 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C-3
APN
21-15-126-023
UPID
US86-0043030
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
-
Farmers Insurance - Diego Ciulupa Insurance Agency
-
HKN Insurance Agency Inc Insurance Agency
-
Prometric Test Center Training Center
-
Eb Games Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Sprint Store Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$765k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$785k
Owner & transaction history
Yara Real Estate 2 LLC
Yara Real Estate 2 LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-3 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+53.5%
Industrial (general)
$810,000
+16.9%
Warehouse, storage
$780,000
+13.1%
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
$765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$690,000
Current use
AUTO REPAIR, GARAGE
$1,060,000
Change: +54% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$810,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$780,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$59 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$34,717
Tax year 2023
Assessed value
$2,832,400
Assessed 2023
Previous assessed
$2,832,400
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$639,200
Assessed improvement
$2,193,200
Land market value
$639,200
Improvement market value
$2,193,200
Total market value
$2,832,400
Applied tax rate
63.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
3
Total area
13,204 SF
Lot
0.52 ac (22,651 SF)
Zoning code
C-3
APN
21-15-126-023
UPID
US86-0043030
Jurisdiction
SALT LAKE
Zoning & alternative use
C-3 · Salt Lake City, UT
Zoning C-3 · permitted uses
C-3 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Yara Real Estate 2 LLC
Entity
Mailing address
2805 WINTERTON RD, HEBER CITY, UT 84032-4247
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2026
—
Yara Real Estate 2 LLC
—
Deed
related
$2,200,000 · Fortis Bank
Sep 19, 2025
—
Yara Real Estate 2 LLC
Dalia Real Estate LLC
Warranty Deed
—
Aug 25, 2025
—
Dalia Real Estate LLC
Hardy Redwood Center LLC
Warranty Deed
—
Feb 12, 2020
—
Hardy Redwood Center LLC
—
Deed
related
$500,000 · Prime Alliance Bank INC
Jan 23, 2020
—
Hardy Redwood Center LLC
—
Deed
related
$4,213,123 · Prime Alliance Bk
Oct 4, 2019
—
Hardy Redwood Center LLC
—
Deed
related
$4,159,730 · Prime Alliance Bk
Feb 20, 2018
—
Hardy Redwood Center LLC
—
Deed
related
$3,359,730 · Prime Alliance Bk
Nov 4, 2004
—
Hardy Redwood Center LLC
—
Trustees Deed
related
$1,750,000 · Bank Of American Fork
Jul 17, 2003
—
Hardy Redwood Center LLC
Gwak,dennis G
Grant Deed
related
—
Feb 13, 2002
—
Dennis Kwak
Automated Financial Services
Quit Claim Deed
related
$645,000 · Home Savings Bank Fsb
Feb 7, 2000
—
Automated Financial Services
Gwak,dennis
Quit Claim Deed
related
—
Jul 2, 1998
—
Dennis S Gwak
Kim,yong W
Grant Deed
$500,000 · Security National Life Ins
Dec 30, 1996
—
Yong W Kim
Keys,lyle O
Grant Deed
$510,000 · Seller
—
—
Hardy Redwood Center LLC
—
Deed Of Trust
related
$1,785,000 · Standard Insurance Co
—
—
Hardy Redwood Center LLC
—
Deed Of Trust
related
$1,150,000 · James L & Carmen S Hardy Famil
—
—
Hardy Redwood Center LLC
—
Deed Of Trust
related
$2,000,000 · Miscellaneous Ins Co
—
—
Hardy Redwood Center LLC
—
Loan Modification
related
$4,159,730 · Prime Alliance Bk
—
—
Hardy Redwood Center LLC
—
Loan Modification
related
$4,213,123 · Prime Alliance Bk
—
—
Hardy Redwood Center LLC
—
Deed Of Trust
related
$596,250 · Zions First National Bank
—
—
Hardy Redwood Center LLC
—
Deed Of Trust
related
$3,359,730 · Prime Alliance Bk
—
—
Hardy Redwood Center LLC
—
Deed Of Trust
related
$1,150,000 · James L & Carmen S Hardy Fam L
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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