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Property profile & analytics
FOR LEASE
Investment properties
6949 S High Tech Dr, Midvale, UT 84047
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US86-0486591
For Lease
1 / 3
$1,855,000
6949 S High Tech Dr, Midvale, UT 84047
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
59,616 SF
Lot
1.84 ac (80,150 SF)
Zoning code
RC
APN
21-24-480-015
UPID
US86-0486591
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Fes Holdings LLC · 7 yrs held
Fes Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
RC · Midvale, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$31 / 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
$53,561
Tax year 2023
Assessed value
$4,792,500
Assessed 2023
Previous assessed
$4,792,500
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$793,500
Assessed improvement
$3,999,000
Land market value
$793,500
Improvement market value
$3,999,000
Total market value
$4,792,500
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Buildings
2
Stories
2
Units
50
Total area
59,616 SF
Lot
1.84 ac (80,150 SF)
Zoning code
RC
APN
21-24-480-015
UPID
US86-0486591
Jurisdiction
SALT LAKE
Zoning & alternative use
RC · Midvale, UT
Zoning RC · permitted uses
RC · 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.
Building & site characteristics
From public records
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
50
Lot
1.84 ac
Current owner
From public records · entity-resolved
Fes Holdings LLC
Entity
Mailing address
6949 S HIGH TECH DR, MIDVALE, UT 84047-3705
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2019
—
Fes Holdings LLC
—
Deed
related
$3,188,500 · Mountain W Small Busn Fin
Aug 22, 2019
—
Fes Holdings LLC
—
Deed
related
$3,188,500 · Sba Department
Aug 24, 2018
—
Fes Holdings LLC
Capitol Properties Six Lc
Warranty Deed
$2,796,282 · Prime Alliance Bank INC
Dec 16, 2015
—
Rr Cp6 LLC
Redwood Road Properties LLC
Grant Deed
—
Aug 26, 2014
—
Road Properties Lc Redwood
Rhbe LLC
Grant Deed
—
Sep 3, 2008
—
Capitol Properties Six Lc
Ninth West Properties Lc
Grant Deed
—
Aug 30, 2006
—
Ninth West Properties Lc
Capitol Properties Six Lc
Grant Deed
—
—
—
Fes Holdings LLC
—
Deed Of Trust
related
$2,577,000 · Mountain W Small Busn Fin
—
—
Fes Holdings LLC
—
Deed Of Trust
related
$3,188,500 · Mountain W Small Busn Fin
—
—
Fes Holdings LLC
—
Deed Of Trust
related
$3,188,500 · Sba Department
—
—
Capitol Properties Six Lc
—
Deed Of Trust
related
$2,500,000 · Miscellaneous Ins Co
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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