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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Auto shops
650 4100th S, Salt Lake City, UT 84123-7889
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0688406
Property summary
AI-generated overview
This exceptional Salt Lake City industrial property, located at 650 W 4100 S in Murray, UT 84123, offers a versatile 7,230 square foot warehouse space situated on a substantial 8.17-acre lot. The property is zoned M-1 and features a 4-bay shop with ample space for maintenance and operations. The site boasts an asphalt yard with concrete shop aprons, providing convenient access and maneuverability. Security features include a fully fenced and well-lit perimeter. The warehouse is currently available as a single, undivided unit, offering a total of 7,230 square feet. This property is ideal for a variety of industrial uses, including manufacturing, distribution, and flex space needs. Its strategic location in Salt Lake County provides easy access to major transportation routes and a skilled workforce. The expansive acreage offers significant potential for future expansion or development. This is a rare opportunity to acquire a well-maintained, functional industrial property in a prime location. The property's features include two drive-through bays and two pull-in bays, enhancing operational efficiency.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1985
Construction
STEEL FRAME
Total area
7,200 SF
Lot
5 ac (217,800 SF)
Zoning code
M-1
APN
15-36-351-056
UPID
US86-0688406
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
-
Gordon Jensen Trucking & Storage Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$815k
Blend (final)
Blend
$655k
Owner & transaction history
650 Salt Lake Partners LLC · 1 yrs held
650 Salt Lake Partners LLC
since 2025
5 recorded transactions
Zoning & alternative use
M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$895,000
+54.9%
Commercial (general)
$885,000
+52.9%
Medical building
$780,000
+34.4%
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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$580,000
Current use
RESTAURANT
$895,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$885,000
Change: +53% · Conversion: Moderate
MEDICAL BUILDING
$780,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$91 / 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
$26,663
Tax year 2023
Assessed value
$2,204,100
Assessed 2023
Previous assessed
$2,204,100
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,007,300
Assessed improvement
$1,196,800
Land market value
$1,007,300
Improvement market value
$1,196,800
Total market value
$2,204,100
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
7,200 SF
Lot
5 ac (217,800 SF)
Zoning code
M-1
APN
15-36-351-056
UPID
US86-0688406
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
AUTO REPAIR, GARAGE Current
Est. value
$580,000
RESTAURANT
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$885,000
MEDICAL BUILDING
Est. value
$780,000
AUTO REPAIR, GARAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1985
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
5 ac
Current owner
From public records · entity-resolved
650 Salt Lake Partners LLC
Entity
Mailing address
2 TOWN PL STE #220, BRYN MAWR, PA 19010-3419
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2025
—
650 Salt Lake Partners LLC
Millcreek
Special Warranty Deed
—
Aug 12, 2024
—
650 Salt Lake Partners LLC
—
Deed
related
$200,000,000 · Truist Bank
Apr 24, 2024
—
650 Salt Lake Partners LLC
Gordon Jensen Investments LLC
Special Warranty Deed
—
Jan 11, 2023
—
Gordon Jensen Investments LLC
Nancy Kay Jensen
Personal Representative Deed
—
—
—
Gordon D Jensen
—
Deed Of Trust
related
$300,000 · Bank Of Utah
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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