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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    649 9400 Sandy, UT 84070

    • Manufacturing properties
    • 23,255 SF
    • 1.13 lot acres
    For Lease
    View listing
    $16 SF/Yr
    Value Estimations
    $820,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0294826
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 649 9400

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.13 lot acres
    Property size
    23,255 SF
    Zone code
    ID
    Property type
    Manufacturing properties
    APN
    27-12-103-001
    APU
    2712103001

    Description

    This exceptional single-tenant industrial property, located at 649 W 9400 S in Sandy, Utah, 84070, offers 23,255 square feet of versatile space ideal for manufacturing, distribution, or warehousing operations. Situated in Salt Lake County, this property presents a significant opportunity for businesses seeking a well-located and substantial industrial facility. The building's single-tenant occupancy ensures streamlined operations and management. Its strategic location within Sandy provides easy access to major transportation routes, facilitating efficient logistics and distribution. The property's substantial square footage allows for ample space for production, storage, and office functions. This is a rare opportunity to acquire a significant industrial asset in a thriving Utah market. The property is categorized as industrial, with subtypes including manufacturing, distribution, and warehouse uses, making it suitable for a wide range of businesses. Further details regarding specific building features and amenities are available upon request. This property is ready for immediate occupancy and presents a compelling investment opportunity. Contact us today to schedule a viewing and explore the potential of this prime industrial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,005,000
      Market price range: $893k - $1.70M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,175,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.909
    Latitude
    40.5803
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $36,497
    $841,800
    $2,774,300
    $3,616,100
    -
    $841,800
    $2,774,300
    $3,616,100

    Comparable in this City

    • Value Estimation
      $5,315,000
      97,461 SF

      555 9000th S

      MANUFACTURING (LIGHT) • 97,461 SF
      555 9000th S, Sandy, UT 84070-2548
      View Details
    • Value Estimation
      $1,155,000
      21,732 SF

      8585 Sandy Pkwy

      MANUFACTURING (LIGHT) • 21,732 SF
      8585 Sandy Pkwy, Sandy, UT 84070-6423
      View Details
    • Value Estimation by Request
      3,560 SF

      8704 120th E

      MANUFACTURING (LIGHT) • 3,560 SF
      8704 120th E, Sandy, UT 84070-1556
      View Details
    • Value Estimation
      $1,835,000
      31,548 SF

      8531 700th W

      MANUFACTURING (LIGHT) • 31,548 SF
      8531 700th W, Sandy, UT 84070-2566
      View Details
    • Value Estimation
      $525,000
      7,500 SF

      8740 Harrison St

      MANUFACTURING (LIGHT) • 7,500 SF
      8740 Harrison St, Sandy, UT 84070-1420
      View Details
    • Value Estimation
      $525,000
      0.01 Acres

      9256 State St

      MANUFACTURING (LIGHT) • 0.01 Acres
      9256 State St, Sandy, UT 84070-2604
      View Details

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    Similar Nearby for Lease

    • $16 SF/Yr
      23,255 SF

      Sandy Industrial Manufacturing Space

      23,255 SF Single-Tenant Industrial Building in Sandy, UT
      649 9400, Sandy, UT 84070
      View Details
    • $700 /Mo
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      Prime Retail/Warehouse Space on 700

      Versatile retail/warehouse space with excellent visibility and convenient access.
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      Retail & Warehouse Space Available

      Versatile retail and warehouse space in a prime location.
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    • $1.00 SF/Yr
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      Sandy Flex Space For Rent

      Flex space with easy I-15 access in Sandy, Utah.
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      New flex space with signage on I-15 available for rent.
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      5,000 SF

      Sandy Industrial Property with Storage

      5,000 SF industrial space with office and covered storage.
      8665 S Harrison St, Sandy, UT 84070
      View Details
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    649 9400
    Sandy, UT 84070
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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