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Property profile & analytics
OFF-MARKET
Estimated value
$9,755,000
Distribution centers
615 Gladiola St Salt Lake City, UT 84104-4414
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US86-1078480
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2018
Total area
156,750 SF
Lot
9.2 ac (400,752 SF)
Zoning code
M-2
APN
15-05-480-022
UPID
US86-1078480
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
Current use
Occupant on record · Public records
-
ESM Fulfillment & Distribution Distribution Center Logistics Company
-
Rob Keller MD (Bike/Boat/Book/etc) Store Pharmacy
-
Awaken Meditation Alternative Medicine Practice Spiritual Center
-
Nimbl Fulfillment and Assembly Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.74M
Blend (final)
Blend
$9.76M
Owner & transaction history
Gfp Alliance Salt Lake LLC · 7 yrs held
Gfp Alliance Salt Lake LLC
since 2018
1 recorded transaction
Zoning & alternative use
M-2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.3M
+69.9%
Neighborhood: shopping center
$7.5M
+12.7%
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 Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,675,000
Current use
AUTO REPAIR, GARAGE
$11,335,000
Change: +70% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,520,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$9.76M
Range $8.78M – $10.73M · ±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
$62 / 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
$295,873
Tax year 2024
Assessed value
$31,049,700
Assessed 2024
Previous assessed
$31,049,700
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$6,303,800
Assessed improvement
$24,745,900
Land market value
$6,303,800
Improvement market value
$24,745,900
Total market value
$31,049,700
Applied tax rate
13.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2018
Heating
SPACE
Stories
1
Total area
156,750 SF
Lot
9.2 ac (400,752 SF)
Zoning code
M-2
APN
15-05-480-022
UPID
US86-1078480
Jurisdiction
SALT LAKE
Zoning & alternative use
M-2 · Salt Lake City, UT
Zoning M-2 · permitted uses
M-2 · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$11.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Heating
SPACE
Stories
1
Lot
9.2 ac
Current owner
From public records · entity-resolved
Gfp Alliance Salt Lake LLC
Entity
Mailing address
PO BOX 460189, HOUSTON, TX 77056-8189
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2018
—
Gfp Alliance Salt Lake LLC
Summit Industrial Dev LLC
Grant Deed
$36,000,000 · Miscellaneous Ins Co
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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