Property profile

60 Bowers Way South Salt Lake, UT 84115

OFF-MARKET
Manufacturing properties
Property ID
US86-0146312
10,560 SF 0.6 ac lot Built 1961
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,240-square-foot industrial property, located at 60 W Bowers Way in South Salt Lake, Utah, 84115, presents a unique opportunity. The single-tenant building, constructed in 1961 and renovated in 2015, boasts a Class B rating and sits on a 0.6-acre lot. The structure is a single-story building with one loading dock and one drive-in door, providing convenient access for loading and unloading. The property is currently configured for manufacturing, warehousing, distribution, research and development, and refrigerated/cold storage uses. While previously used for meat processing, the existing cold storage infrastructure can be removed to suit a tenant's specific needs. The property features a fenced yard, enhancing security and providing ample outdoor space. This stand-alone building is immediately available for a short-term lease (up to two years) at an "as-is" rate. Ideal for businesses seeking a versatile and well-located industrial space in South Salt Lake. The property's convenient location offers easy access to major transportation routes, making it an attractive option for businesses needing efficient logistics. This is a rare opportunity to secure a functional and adaptable industrial space in a desirable location.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,560 SF
Lot 0.6 ac (26,136 SF)
Zoning code DT
APN 15-24-236-003
UPID US86-0146312

Cap rate & NOI

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

Location

60 Bowers Way South Salt Lake, UT 84115-2607
South Salt Lake metro Census 111500 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
$577k
Blend (final) Blend
$535k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2020
Price N/A
2018
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
2016
Price N/A

Zoning & alternative use

DT · South Salt Lake, UT
Top alternative use upside
Auto repair, garage $880,000 +54.5%

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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