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Property profile & analytics
OFF-MARKET
Estimated value
$1,340,000
Drug stores
7227 State St Midvale, UT 84047-2061
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US86-0859782
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2004
Total area
14,981 SF
Lot
2.09 ac (91,040 SF)
Zoning code
SSC
APN
22-30-152-051
UPID
US86-0859782
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
$950k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.34M
Owner & transaction history
Jk Family Investments LLC · 5 yrs held
Jk Family Investments LLC
since 2021
3 recorded transactions
Zoning & alternative use
SSC · Midvale, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Ch. 17-7-7 State Street Zone (SSC) | Midvale Municipal Code Skip to main content Loading... Midvale, UT Municipal Code Home Ch. 17-7-6 Title 17 Ch. 17-7-8 Toggle site navigation Menu Midvale City Municipal Code Title 17, Zoning Ch. 17-7-7, State Street
Zone name
State Street Commercial Zone
General category
COMMERCIAL
Zone area
141.78 ac
Top alternative use upside
Restaurant
$1.6M
+38.7%
Auto repair, garage
$1.6M
+35.6%
Commercial (general)
$1.6M
+33.8%
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
$950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,155,000
Current use
RESTAURANT
$1,605,000
Change: +39% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,570,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,550,000
Change: +34% · Conversion: Easy
WAREHOUSE, STORAGE
$1,130,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.34M
Range $1.21M – $1.47M · ±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
$89 / 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
$70,227
Tax year 2023
Assessed value
$6,283,700
Assessed 2023
Previous assessed
$6,283,700
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,128,200
Assessed improvement
$4,155,500
Land market value
$2,128,200
Improvement market value
$4,155,500
Total market value
$6,283,700
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
YES
Stories
1
Total area
14,981 SF
Lot
2.09 ac (91,040 SF)
Zoning code
SSC
APN
22-30-152-051
UPID
US86-0859782
Jurisdiction
SALT LAKE
Zoning & alternative use
SSC · Midvale, UTZoning SSC · permitted uses
SSC · Midvale, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Ch. 17-7-7 State Street Zone (SSC) | Midvale Municipal Code Skip to main content Loading... Midvale, UT Municipal Code Home Ch. 17-7-6 Title 17 Ch. 17-7-8 Toggle site navigation Menu Midvale City Municipal Code Title 17, Zoning Ch. 17-7-7, State Street
Zone name
State Street Commercial Zone
General category
COMMERCIAL
Zone area
141.78 ac
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2004
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.09 ac
Current owner
From public records · entity-resolved
Jk Family Investments LLC
Entity
Mailing address
16501 VENTURA BLVD, ENCINO, CA 91436-2007
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2021
—
Jk Family Investments LLC
Jeffrey W Kellogg
Warranty Deed
$1,722,918 · William K Kellogg Childrens Trust
Feb 13, 2020
—
Jk Family Investments LLC
Sobhani 2005 Trust
Grant Deed
—
Oct 2, 2015
—
Gloria Stephens Sobhani
Cole Wg Midvale Ut Dst
Special Warranty Deed
—
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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