Property profile

588 Gladiola St Salt Lake City, UT 84104

OFF-MARKET
Auto shops
Property ID
US86-0086747
7,360 SF 5.59 ac lot Built 2003
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 588 Gladiola St, Salt Lake City, UT 84104, presents a significant opportunity. The single-tenant warehouse boasts a substantial 8,500 square feet of space, all currently vacant and ready for immediate occupancy. Situated on a generous 5.6-acre lot, the property offers ample room for expansion, storage, or maneuvering of large vehicles. The building features a high 16.5-foot ceiling height, providing excellent vertical storage capacity. Seven convenient drive-in doors ensure efficient loading and unloading operations. The property is equipped with 3-phase power, catering to the needs of various industrial businesses. The M-2 zoning allows for a wide range of permitted uses, enhancing its versatility and investment potential. The partially paved yard provides additional space for outdoor operations or storage. This property is ideal for businesses requiring significant space, convenient access, and ample outdoor area in a prime Salt Lake City location. The combination of size, features, and location makes this an exceptional opportunity for owner-occupancy or investment.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2003
Total area 7,360 SF
Lot 5.59 ac (243,500 SF)
Zoning code M-2
APN 15-05-451-036
UPID US86-0086747

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Trucking Company

Location

588 Gladiola St Salt Lake City, UT 84104-4432
Salt Lake City metro SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
$737k
Blend (final) Blend
$535k

Owner & transaction history

Zoning & alternative use

M-2 · Salt Lake City, UT
Zoning description

$1f

General category INDUSTRIAL
Top alternative use upside
Restaurant $830,000 +56.0%
Retail stores $810,000 +51.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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