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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Warehouses
7022 Utwo O 1st Hwy Magna, UT 84044
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0742681
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Construction
STEEL FRAME
Total area
10,140 SF
Lot
3.1 ac (135,036 SF)
Zoning code
IP-M-1
APN
14-22-151-020
UPID
US86-0742681
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
$630k
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$998k
Blend (final)
Blend
$970k
Owner & transaction history
Iron Workers Local 27
Iron Workers Local 27
2 recorded transactions
Zoning & alternative use
IP-M-1 · Magna, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+70.0%
Commercial (general)
$1.1M
+67.9%
Auto repair, garage
$810,000
+18.7%
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 Magna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Magna 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
$630,000
CAP Approach
CAP Return
Estimation
6%
$1,395,000
6.5%
$1,290,000
7%
$1,195,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$685,000
Current use
RETAIL STORES
$1,160,000
Change: +70% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,145,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$810,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$685,000
Change: +0% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$96 / 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
$31,449
Tax year 2024
Assessed value
$2,455,800
Assessed 2024
Previous assessed
$2,455,800
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,884,700
Assessed improvement
$571,100
Land market value
$1,884,700
Improvement market value
$571,100
Total market value
$2,455,800
Applied tax rate
29.0000
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
1987
Construction
STEEL FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
10,140 SF
Lot
3.1 ac (135,036 SF)
Zoning code
IP-M-1
APN
14-22-151-020
UPID
US86-0742681
Jurisdiction
SALT LAKE
Zoning & alternative use
IP-M-1 · Magna, UT
Zoning IP-M-1 · permitted uses
IP-M-1 · Magna, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Magna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$685,000
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$685,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1987
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
3.1 ac
Current owner
From public records · entity-resolved
Iron Workers Local 27
Individual
Mailing address
2261 S REDWOOD RD, WEST VALLEY, UT 84119-1302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Iron Workers Local 27
—
Deed Of Trust
related
$319,908 · Brad Tregemba
—
—
Iron Workers Local 27
—
Deed Of Trust
related
$110,000 · Lnb Investments LLC
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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