Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Drug stores
5627 13400th S Herriman, UT 84096-7204
Entity Owned
4-yr Hold
Free & Clear
Property ID
US86-0629650
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,748 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C-2
APN
32-02-230-051
UPID
US86-0629650
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$995k
Owner & transaction history
Hat Walgreens Herriman LLC · 4 yrs held
Hat Walgreens Herriman LLC
since 2022
2 recorded transactions
Zoning & alternative use
C-2 · Herriman, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the C-2 zone is to provide areas in the city for community commercial development
Zone name
Commercial
General category
COMMERCIAL
Zone area
539.08 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.1M
+29.7%
Warehouse, storage
$1.0M
+22.0%
Medical building
$965,000
+15.6%
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 Herriman submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Herriman 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
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$835,000
Current use
AUTO REPAIR, GARAGE
$1,085,000
Change: +30% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,020,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$965,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +1% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$775,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±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
$67 / 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
$76,994
Tax year 2023
Assessed value
$6,572,300
Assessed 2023
Previous assessed
$6,572,300
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,594,500
Assessed improvement
$4,977,800
Land market value
$1,594,500
Improvement market value
$4,977,800
Total market value
$6,572,300
Applied tax rate
70.0000
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
14,748 SF
Lot
1.79 ac (77,972 SF)
Zoning code
C-2
APN
32-02-230-051
UPID
US86-0629650
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Herriman, UTZoning C-2 · permitted uses
C-2 · Herriman, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the C-2 zone is to provide areas in the city for community commercial development
Zone name
Commercial
General category
COMMERCIAL
Zone area
539.08 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$965,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
INDUSTRIAL (GENERAL)
Est. value
$775,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Hat Walgreens Herriman LLC
Entity
Free & Clear · 4 yrs held
Mailing address
99 WS TEMPLE, SALT LAKE CITY, UT 84101-4725
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
—
Hat Walgreens Herriman LLC
Harris Air INC
Warranty Deed
—
Dec 11, 2009
—
Harris Air INC
Herriman 5600 LLC
Warranty 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5627 13400th S?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
