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Property profile & analytics
OFF-MARKET
Estimated value
$1,160,000
Warehouses
7050 400th W, Midvale, UT 84047-1084
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0242826
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,968 SF
Lot
1 ac (43,560 SF)
Zoning code
CI
APN
21-25-127-002
UPID
US86-0242826
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
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.16M
Owner & transaction history
5th Ave Retirement LLC · 2 yrs held
5th Ave Retirement LLC
since 2023
7 recorded transactions
Zoning & alternative use
CI · Midvale, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+2.3%
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
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,810,000
Current use
RETAIL STORES
$1,850,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$1.16M
Range $1.04M – $1.28M · ±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
$48 / 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
$32,532
Tax year 2024
Assessed value
$3,051,800
Assessed 2024
Previous assessed
$3,051,800
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$564,600
Assessed improvement
$2,487,200
Land market value
$564,600
Improvement market value
$2,487,200
Total market value
$3,051,800
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Total area
23,968 SF
Lot
1 ac (43,560 SF)
Zoning code
CI
APN
21-25-127-002
UPID
US86-0242826
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
WAREHOUSE, STORAGE Current
Est. value
$1.8M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE Current
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
5th Ave Retirement LLC
Entity
Mailing address
401 W 10000TH S, SOUTH JORDAN, UT 84095-4104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
—
5th Ave Retirement LLC
—
Deed
related
$1,851,000 · Mountain West Small Business Finance
Aug 1, 2023
—
5th Ave Retirement LLC
Ak Dev LLC
Warranty Deed
$2,251,000 · Meadows Bank
Oct 20, 2022
—
Ak Dev LLC
Ak Dev LLC
Intrafamily Transfer
related
—
Mar 11, 2022
—
Ak Dev LLC
Xtreme Paintball Group LLC
Warranty Deed
$1,550,000 · Kilpatrick Life Insurance Company
Jan 27, 2022
—
Xtreme Paintbalt Group LLC
—
Deed
related
$1,440,000 · Wasatch Peaks FCU
Dec 4, 2019
—
Xtreme Paintball Group LLC
—
Deed
related
$1,336,100 · Cache Valley Bank
Apr 30, 2015
—
Xtreme Paintball Group LLC
Ogden Family Trust
Warranty Deed
$826,980 · Other Institutional Lenders
Oct 5, 2012
—
Ogden Family Trust
Ogden,steven D & Toni F
Quit Claim Deed
related
—
Jun 18, 2001
—
Steven D Ogden
Ogden Trust
Quit Claim Deed
related
$83,431 · Ogden Trust
—
—
Steven O Ogden
—
Deed Of Trust
related
$190,000 · Bank Of Utah
—
—
Steven D Ogden
—
Deed Of Trust
related
$100,000 · Bank Of Utah
—
—
Xtreme Paintball Group LLC
—
Deed Of Trust
related
$1,168,000 · Northeast Bk
—
—
Ogden Trust
—
Deed Of Trust
related
$431,927 · Bank Of Utah
—
—
Steven D Ogden
—
Deed Of Trust
related
$244,000 · Bank Of Utah
—
—
Steven D Ogden
—
Deed Of Trust
related
$100,000 · Individual
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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