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

    6891 South 700 West Midvale, UT 84047

    • Warehouses
    • 15,876 SF
    • 2.45 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0323835
    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

    • Warehouses

    Property Details for 6891 South 700 West

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.45 lot acres
    Property size
    15,876 SF
    Zone code
    CI
    Property type
    Warehouses
    APN
    21-24-351-052
    APU
    2124351052

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,185,000
      6.5%
      $2,015,000
      7%
      $1,870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,692,000
      Market price range: $658k - $1.69M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,200,000
      Current use
      RESTAURANT
      $1,700,000
      Change: +42% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,665,000
      Change: +39% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,640,000
      Change: +37% Conversion: Difficult
      RETAIL STORES
      $1,225,000
      Change: +2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Midvale
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.909
    Latitude
    40.6264
    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
    2024
    $52,556
    $1,647,300
    $3,282,900
    $4,930,200
    -
    $1,647,300
    $3,282,900
    $4,930,200

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      20 8600th S

      WAREHOUSE, STORAGE • 0.13 Acres
      20 8600th S, Midvale, UT 84047-3640
      View Details
    • Value Estimation
      $2,165,000
      21,468 SF

      6832 State St

      WAREHOUSE, STORAGE • 21,468 SF
      6832 State St, Midvale, UT 84047-1260
      View Details
    • Value Estimation
      $1,000,000
      30,128 SF

      6964 400th W

      WAREHOUSE, STORAGE • 30,128 SF
      6964 400th W, Midvale, UT 84047-1013
      View Details
    • Value Estimation
      $675,000
      12,800 SF

      657 7250th S

      WAREHOUSE, STORAGE • 12,800 SF
      657 7250th S, Midvale, UT 84047-1061
      View Details
    • Value Estimation
      $1,490,000
      29,150 SF

      657 8th Ave

      WAREHOUSE, STORAGE • 29,150 SF
      657 8th Ave, Midvale, UT 84047-7134
      View Details
    • Value Estimation
      $1,180,000
      11,538 SF

      6973 Cottonwood St

      WAREHOUSE, STORAGE • 11,538 SF
      6973 Cottonwood St, Midvale, UT 84047-1050
      View Details

    Similar Nearby for Sale

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      9,050 SF

      Multi-Tenant Investment Property For Sale

      Multi-tenant investment property with national tenants in Midvale, Utah.
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    • $11,900,000
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      105-Acre Commercial Land, Tooele, UT

      Prime Tooele County land, ideal for industrial development.
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      Large lot with central location and easy access.
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    • $2,500,000
      4,060 SF

      Restaurant Property in High-Traffic Area

      4,500 SF restaurant on 1.08 acres with ample parking.
      7495 S Union Park Ave, Midvale, UT 84047
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    • $1,500,000
      0.18 Acres

      Turn-Key Business Opportunity in Midvale

      Established business for sale with building, land, license, and assets.
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      View Details
    • New
      $550,000
      1,382 SF

      Midvale Duplex with Strong Income

      Turn-key duplex near downtown Midvale with excellent tenants.
      620 W 2Nd Ave, Midvale, UT 84047
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,860 SF

      Midvale Warehouse with Fenced Yard

      Warehouse with LED lighting, fenced yard, and highway access.
      6991 S Commerce Park Dr, Midvale, UT 84047
      View Details
    • $14 SF/Yr
      2,760 SF

      Midvale Warehouse Space Available

      2,760 SF warehouse space for lease in Midvale.
      6842-6864 S Cottonwood St, Midvale, UT 84047
      View Details
    • Contact for pricing
      34,650 SF

      Midvale Flex Space For Rent

      34,650 sq ft flex space with warehouse and office.
      8169 South State St, Midvale, UT 84047
      View Details
    • Contact for pricing
      114,364 SF

      Midvale Warehouse and Distribution Space

      114,364 SF warehouse with office space available for lease.
      7036 S High Tech Dr, Midvale, UT 84047
      View Details
    • Contact for pricing
      38,290 SF

      Midvale Office/Warehouse For Lease

      Spacious Midvale industrial space available.
      8169 State St, Midvale, UT 84047
      View Details
    • $7 SF/Yr
      5,329 SF

      Midvale Warehouse Space Available

      5,329 SF warehouse space for lease in Midvale, Utah.
      6889 S 400 W, Midvale, UT 84047
      View Details
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    6891 South 700 West
    Midvale, UT 84047
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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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