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Property profile & analytics
OFF-MARKET
Estimated value
$13,085,000
Distribution centers
6792 700th N Salt Lake City, UT 84116-3387
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0868169
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Total area
205,340 SF
Lot
12.99 ac (565,844 SF)
Zoning code
IP-M-1
APN
07-27-302-006
UPID
US86-0868169
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
-
McLane Global Logistics Company Freight Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.69M
Blend (final)
Blend
$13.09M
Owner & transaction history
Phase 1a Glc 7 LLC · 1 yrs held
Phase 1a Glc 7 LLC
since 2024
1 recorded transaction
Zoning & alternative use
IP-M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$21.1M
+135.8%
Commercial (general)
$17.5M
+95.8%
Auto repair, garage
$14.9M
+66.4%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,945,000
Current use
RETAIL STORES
$21,095,000
Change: +136% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,520,000
Change: +96% · Conversion: Difficult
AUTO REPAIR, GARAGE
$14,890,000
Change: +66% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,855,000
Change: +10% · Conversion: Moderate
OFFICE BUILDING
$8,840,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$13.09M
Range $11.78M – $14.39M · ±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
$64 / 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
$425,290
Tax year 2024
Assessed value
$44,631,100
Assessed 2024
Previous assessed
$44,631,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$2,765,600
Assessed improvement
$41,865,500
Land market value
$2,765,600
Improvement market value
$41,865,500
Total market value
$44,631,100
Applied tax rate
1.0000
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
Heating
SPACE
Stories
1
Units
1
Total area
205,340 SF
Lot
12.99 ac (565,844 SF)
Zoning code
IP-M-1
APN
07-27-302-006
UPID
US86-0868169
Jurisdiction
SALT LAKE
Zoning & alternative use
IP-M-1 · Salt Lake City, UT
Zoning IP-M-1 · permitted uses
IP-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
$8.9M
RETAIL STORES
Est. value
$21.1M
COMMERCIAL (GENERAL)
Est. value
$17.5M
AUTO REPAIR, GARAGE
Est. value
$14.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
OFFICE BUILDING
Est. value
$8.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
Heating
SPACE
Stories
1
Units
1
Lot
12.99 ac
Current owner
From public records · entity-resolved
Phase 1a Glc 7 LLC
Entity
Mailing address
6628 W 700TH N STE #501, SALT LAKE CITY, UT 84116-2974
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Phase 1a Glc 7 LLC
—
Deed
related
$22,000,000 · John Hancock Life Insurance Company USA
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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