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Property profile & analytics
OFF-MARKET
Warehouses
5585 Commerce Dr Salt Lake City, UT 84107-5806
Entity Owned
Free & Clear
Property ID
US86-0442298
Property summary
AI-generated overview
This exceptional 2.18-acre commercial land parcel, located at 5585 S Commerce Drive in Murray, Utah (zip code 84107), presents a compelling redevelopment opportunity. The property boasts unparalleled visibility from the I-15 Freeway, offering significant advantages for a variety of commercial ventures. With its prime location in Salt Lake County, this site is ideally suited for self-storage facilities, flexible industrial uses, or even multifamily development. The land is comprised of three parcels, with APNs 21-13-181-001-0000
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,110 SF
Lot
0.66 ac (28,750 SF)
Zoning code
MGC
APN
21-13-181-002
UPID
US86-0442298
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
-
Olea Builders LLC Construction Company General Contractor
-
C C Storage Storage Facility
-
Surf & Turf Food Co Specialty Food Shop Fish Market
-
MGM Welding and Fabrication General Contractor
-
Utah Auto Reconditioning | Dent Removal Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gre Pocket Shops LLC
Gre Pocket Shops LLC
since 2025
3 recorded transactions
Zoning & alternative use
MGC · Salt Lake City, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,696
Tax year 2024
Assessed value
$1,910,400
Assessed 2024
Previous assessed
$1,910,400
+0.0% YoY
Effective rate
0.82%
On assessed value
Assessed land
$478,200
Assessed improvement
$1,432,200
Land market value
$478,200
Improvement market value
$1,432,200
Total market value
$1,910,400
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
4
Stories
1
Units
4
Total area
4,110 SF
Lot
0.66 ac (28,750 SF)
Zoning code
MGC
APN
21-13-181-002
UPID
US86-0442298
Jurisdiction
SALT LAKE
Zoning & alternative use
MGC · Salt Lake City, UT
Zoning MGC · permitted uses
MGC · 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.
Building & site characteristics
From public records
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
4
Units
4
Lot
0.66 ac
Current owner
From public records · entity-resolved
Gre Pocket Shops LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5585 S COMMERCE DR, MURRAY, UT 84107-5806
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2025
—
Gre Pocket Shops LLC
Cc Storage Lc
Special Warranty Deed
—
Jun 23, 2025
—
Magana Pocket Shops LLC
Cc Storage LLC
Special Warranty Deed
$3,697,500 · Banterra Bank
Nov 13, 2014
—
Dnatt22 Holdings LLC
Dnatt22 Holdings LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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