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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Individual retail properties
6042 Fallwater Dr West Jordan, UT 84081
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0267727
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
2021
Total area
10,212 SF
Lot
7.22 ac (314,503 SF)
Zoning code
SC-2
APN
20-35-255-024
UPID
US86-0267727
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
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.17M
Owner & transaction history
Gladstone Phase 2 LLC · 2 yrs held
Gladstone Phase 2 LLC
since 2024
3 recorded transactions
Zoning & alternative use
SC-2 · West Jordan, 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 West Jordan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Jordan 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
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
LAUNDROMAT (SELF-SERVICE)
$1,360,000
Current use
COMMERCIAL (GENERAL)
$1,295,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$1,140,000
Change: -16% · Conversion: Difficult
RESTAURANT
$1,110,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$114 / 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
$121,446
Tax year 2023
Assessed value
$22,021,700
Assessed 2023
Previous assessed
$22,021,700
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$6,367,600
Assessed improvement
$15,654,100
Land market value
$6,367,600
Improvement market value
$15,654,100
Total market value
$22,021,700
Applied tax rate
37.0000
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
2021
Cooling
YES
Buildings
29
Stories
1
Units
6
Total area
10,212 SF
Lot
7.22 ac (314,503 SF)
Zoning code
SC-2
APN
20-35-255-024
UPID
US86-0267727
Jurisdiction
SALT LAKE
Zoning & alternative use
SC-2 · West Jordan, UT
Zoning SC-2 · permitted uses
SC-2 · West Jordan, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Jordan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
LAUNDROMAT (SELF-SERVICE) Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
LAUNDROMAT (SELF-SERVICE) Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
2021
Cooling
Yes
Stories
1
Buildings
29
Units
6
Lot
7.22 ac
Current owner
From public records · entity-resolved
Gladstone Phase 2 LLC
Entity
Mailing address
273 N EASTCAPITOL ST, SALT LAKE CITY, UT 84103-4622
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Jul 1, 2024
—
Gladstone Phase 2 LLC
—
Deed
related
$29,149,800 · Walker & Dunlop LLC
Mar 21, 2023
—
Gladstone Phase 2 LLC
—
Deed
related
$23,600,000 · Zb NA
Feb 18, 2021
—
Gladstone Phase 2 LLC
—
Deed
related
$23,600,000 · Zb NA
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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