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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Manufacturing properties
646 9th Ave, Midvale, UT 84047-7166
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0362643
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2013
Construction
WOOD FRAME
Total area
64,860 SF
Lot
2.78 ac (121,097 SF)
Zoning code
C-I
APN
21-25-154-001
UPID
US86-0362643
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
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.98M
Blend (final)
Blend
$2.26M
Owner & transaction history
Cellco Partnership · 2 yrs held
Cellco Partnership
since 2024
7 recorded transactions
Zoning & alternative use
C-I · Midvale, 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 Midvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midvale 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
$1,545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,070,000
Current use
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±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
$35 / 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
$113,128
Tax year 2024
Assessed value
$10,612,400
Assessed 2024
Previous assessed
$10,612,400
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,853,900
Assessed improvement
$8,758,500
Land market value
$1,853,900
Improvement market value
$8,758,500
Total market value
$10,612,400
Applied tax rate
30.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2013
Construction
WOOD FRAME
Heating
SPACE
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
64,860 SF
Lot
2.78 ac (121,097 SF)
Zoning code
C-I
APN
21-25-154-001
UPID
US86-0362643
Jurisdiction
SALT LAKE
Zoning & alternative use
C-I · Midvale, UT
Zoning C-I · permitted uses
C-I · Midvale, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midvale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
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
2013
Construction
WOOD FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
2.78 ac
Current owner
From public records · entity-resolved
Cellco Partnership
Entity
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
—
Lexaus Holdings LLC
—
Deed
related
$789,500 · Us Bank NA
Apr 26, 2024
—
Cellco Partnership
Lexaus Holdings LLC
Lease
—
Feb 3, 2022
—
Lexaus Holdings LLC
—
Deed
related
$3,331,000 · Mountain West Small Business Finance
Dec 23, 2021
—
Lexaus Holdings LLC
D S Partnership LLC
Warranty Deed
$4,036,000 · Mountain America FCU
Mar 24, 2020
—
D S Partnership LLC
—
Deed
related
$10,500,000 · Us Bank NA
Jun 15, 2007
—
Ds Ptshp LLC
Fs Ptshp
Grant Deed
related
$20,000,000 · Guaranty Bank
Sep 25, 2006
—
Fs Ptshp
645 West Midvale Assocs LLC
Warranty Deed
—
Sep 4, 2003
—
Midvale Associates LLC
Mineral Fertilizer Co
Grant Deed
$345,000 · Bank Of Utah
—
—
Ds Ptshp LLC
—
Loan Modification
related
$19,723,999 · Us Bank NA
—
—
Ds Ptshp LLC
—
Deed Of Trust
related
$2,000,000 · Guaranty Bank
—
—
Ds Ptshp LLC
—
Deed Of Trust
related
$16,960,000 · Us Bank 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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