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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Industrial properties
7000 Commerce Park Dr Midvale, UT 84047-1096
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US86-0569666
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,600 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CI
APN
21-24-352-009
UPID
US86-0569666
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
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$519k
Blend (final)
Blend
$530k
Owner & transaction history
Brooks Properties LLC · 6 yrs held
Brooks Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
CI · Midvale, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$740,000
+63.2%
Warehouse, storage
$725,000
+59.6%
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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$455,000
Current use
RETAIL STORES
$740,000
Change: +63% · Conversion: Moderate
WAREHOUSE, STORAGE
$725,000
Change: +60% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$55 / 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
$19,718
Tax year 2024
Assessed value
$1,849,700
Assessed 2024
Previous assessed
$1,849,700
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$515,100
Assessed improvement
$1,334,600
Land market value
$515,100
Improvement market value
$1,334,600
Total market value
$1,849,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
2
Stories
1
Units
1
Total area
9,600 SF
Lot
0.62 ac (27,007 SF)
Zoning code
CI
APN
21-24-352-009
UPID
US86-0569666
Jurisdiction
SALT LAKE
Zoning & alternative use
CI · Midvale, UT
Zoning CI · permitted uses
CI · 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
INDUSTRIAL (GENERAL) Current
Est. value
$455,000
RETAIL STORES
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$725,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
2
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Brooks Properties LLC
Entity
Mailing address
7000 S COMMERCE PARK DR, MIDVALE, UT 84047-1096
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2020
—
Brooks Properties LLC
—
Deed
related
$450,000 · Bank Of The West
—
—
Brooks Properties LLC
—
Deed Of Trust
related
$502,662 · First Security Bank
—
—
Brooks Properties LLC
—
Deed Of Trust
related
$345,000 · Key Bank & Trust
—
—
Brooks Props
—
Deed Of Trust
related
$450,000 · Bank Of The West
—
—
Brooks Properties LLC
—
Deed Of Trust
related
$450,000 · Bank Of The West
—
—
Brooks Props
—
Deed Of Trust
related
$273,623 · Bank Of The West
—
—
Brooks Properties LLC
—
Deed Of Trust
related
$100,000 · Zions First National Bank
—
—
Brooksproperties LLC
—
Deed Of Trust
related
$443,020 · Zions First National Bank
—
—
Brooks Properties LLC
—
Deed Of Trust
related
$380,128 · Zions First National Bank
—
—
Brooks Properties LLC
—
Deed Of Trust
related
$38,000 · 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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