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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Warehouses
6838 400th W Midvale, UT 84047-1011
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US86-0389080
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
STEEL FRAME
Total area
5,040 SF
Lot
0.39 ac (16,988 SF)
Zoning code
IL
APN
21-24-376-002
UPID
US86-0389080
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
$385k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$505k
Owner & transaction history
Kearns Consulting LLC · 9 yrs held
Kearns Consulting LLC
since 2017
6 recorded transactions
Zoning & alternative use
IL · Midvale, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$540,000
+41.8%
Auto repair, garage
$530,000
+38.7%
Commercial (general)
$520,000
+36.8%
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 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
$385,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$380,000
Current use
RESTAURANT
$540,000
Change: +42% · Conversion: Difficult
AUTO REPAIR, GARAGE
$530,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$520,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$390,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$100 / 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
$12,181
Tax year 2024
Assessed value
$1,142,700
Assessed 2024
Previous assessed
$1,142,700
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$283,500
Assessed improvement
$859,200
Land market value
$283,500
Improvement market value
$859,200
Total market value
$1,142,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
5,040 SF
Lot
0.39 ac (16,988 SF)
Zoning code
IL
APN
21-24-376-002
UPID
US86-0389080
Jurisdiction
SALT LAKE
Zoning & alternative use
IL · Midvale, UT
Zoning IL · permitted uses
IL · 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
WAREHOUSE, STORAGE Current
Est. value
$380,000
RESTAURANT
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$520,000
RETAIL STORES
Est. value
$390,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1977
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
0.39 ac
Current owner
From public records · entity-resolved
Kearns Consulting LLC
Entity
Mailing address
PO BOX 1395, RIVERTON, UT 84065-1395
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2017
—
Mountainside Electric INC
—
Deed
related
$337,500 · Cache Valley Bank
May 10, 2017
—
Kearns Consulting LLC
Douglas A Mayo
Special Warranty Deed
—
Nov 17, 2014
—
Mayo,douglas & Jody Living Trust
Mayo,douglas A & Jody A
Quit Claim Deed
related
—
—
—
Douglas A Mayo
—
Deed Of Trust
related
$394,490 · Zions First National Bank
—
—
Kearns Consulting LLC
—
Deed Of Trust
related
$281,000 · Mountain W Small Busn Fin
—
—
Douglas Mayo
—
Deed Of Trust
related
$125,000 · Zions First National Bank
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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