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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Manufacturing properties
575 3615th S, South Salt Lake, UT 84115-4251
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0238503
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Construction
STEEL FRAME
Total area
25,862 SF
Lot
2.95 ac (128,502 SF)
Zoning code
M-1
APN
15-36-102-035
UPID
US86-0238503
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
by Request
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.91M
Owner & transaction history
Interwest Paper INC · 3 yrs held
Interwest Paper INC
since 2022
6 recorded transactions
Zoning & alternative use
M-1 · South Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.1M
+121.9%
Retail stores
$3.0M
+117.2%
Neighborhood: shopping center
$2.5M
+78.8%
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 South Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Salt Lake 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%
$2,830,000
6.5%
$2,610,000
7%
$2,425,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,395,000
Current use
COMMERCIAL (GENERAL)
$3,100,000
Change: +122% · Conversion: Difficult
RETAIL STORES
$3,030,000
Change: +117% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,495,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,155,000
Change: +54% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±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
$74 / 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
$67,722
Tax year 2024
Assessed value
$5,823,500
Assessed 2024
Previous assessed
$5,823,500
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,558,100
Assessed improvement
$4,265,400
Land market value
$1,558,100
Improvement market value
$4,265,400
Total market value
$5,823,500
Applied tax rate
14.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
SPACE
Buildings
4
Stories
1
Total area
25,862 SF
Lot
2.95 ac (128,502 SF)
Zoning code
M-1
APN
15-36-102-035
UPID
US86-0238503
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · South Salt Lake, UT
Zoning M-1 · permitted uses
M-1 · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1971
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
4
Lot
2.95 ac
Current owner
From public records · entity-resolved
Interwest Paper INC
Entity
Mailing address
PO BOX 65382, SALT LAKE CITY, UT 84165-0382
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
—
Interwest Paper INC
Morgan Valley Enterprises LLC
Deed
$2,055,000 · Mountain West Small Business Finance
Feb 10, 2022
—
Morgan Valley Enterprises LLC
—
Deed
related
$2,350,000 · Key Bank NA
May 31, 2018
—
Morgan Valley Ents LLC
—
Loan Modification
related
$3,500,000 · Keybank USA
Jan 13, 2017
—
Morgan Valley Ents LLC
Olde Timers LLC
Grant Deed
$3,500,000 · Keybank USA
Oct 13, 2006
—
Olde Timers LLC
2156 Associates
Grant Deed
$1,215,000 · 2156 Associates
—
—
Olde Timers LLC
—
Deed Of Trust
related
$60,000 · American United Family Cu
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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