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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Warehouses
631 400th W Salt Lake City, UT 84103-1313
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0549746
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
32,642 SF
Lot
1.17 ac (50,965 SF)
Zoning code
M-1
APN
08-36-126-006
UPID
US86-0549746
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
-
Rogue Hair Extensions (Bike/Boat/Book/etc) Store Cosmetic Store
-
Runway Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
-
Glam Tech Beauty (Bike/Boat/Book/etc) Store Cosmetic Store
-
Wellness Stream Health Wellness Program
-
Beauty Depot (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$2.57M
Owner & transaction history
Unitechrx LLC · 2 yrs held
Unitechrx LLC
since 2024
7 recorded transactions
Zoning & alternative use
M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+66.6%
Retail stores
$3.0M
+36.9%
Commercial (general)
$3.0M
+34.8%
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 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
$2,210,000
Current use
RESTAURANT
$3,680,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$3,025,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,975,000
Change: +35% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,600,000
Change: +18% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,855,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±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
$79 / 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
$40,776
Tax year 2024
Assessed value
$4,279,100
Assessed 2024
Previous assessed
$4,279,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$679,100
Assessed improvement
$3,600,000
Land market value
$679,100
Improvement market value
$3,600,000
Total market value
$4,279,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
32,642 SF
Lot
1.17 ac (50,965 SF)
Zoning code
M-1
APN
08-36-126-006
UPID
US86-0549746
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Salt Lake City, UT
Zoning M-1 · permitted uses
M-1 · 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
$2.2M
RESTAURANT
Est. value
$3.7M
RETAIL STORES
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Unitechrx LLC
Entity
Mailing address
450 S 900TH E #350, SALT LAKE CITY, UT 84102-2981
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
—
Unitechrx LLC
Boston Mills Holdings LLC
Special Warranty Deed
$3,000,000 · Symetra Life Insurance Co
Jun 8, 2016
—
Boston Mills Holdings LLC
Rockwell Capital LLC
Grant Deed
related
—
Sep 8, 2015
—
Boston Mills Holdings LLC
Boston Mills LLC
Quit Claim Deed
related
—
Mar 10, 2015
—
Boston Mills LLC
Rockwell Capital LLC
Warranty Deed
—
Mar 9, 2015
—
Rockwell Capital LLC
Kodiak Properties LLC
Warranty Deed
—
Feb 20, 2004
—
Kodiak Properties LLC
Northwest Properties
Grant Deed
$482,000 · Key Bank NA
Dec 8, 1995
—
Northwest Properties
Hiller,melvin J & Karl
Quit Claim Deed
related
$475,000 · Equitable Life & Casualty Ins
—
—
Kodiak Properties LLC
—
Deed Of Trust
related
$403,000 · Greater Salt Lake Business Dis
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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