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Property profile & analytics
OFF-MARKET
Estimated value
$1,235,000
Warehouses
7508 Airport Rd, West Jordan, UT 84084-5836
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US86-0597853
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,500 SF
Lot
6 ac (261,360 SF)
Zoning code
M-1
APN
21-30-326-003
UPID
US86-0597853
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
$1.32M
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.24M
Owner & transaction history
Wejo Storage LLC · 7 yrs held
Wejo Storage LLC
since 2019
7 recorded transactions
Zoning & alternative use
M-1 · West Jordan, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+68.7%
Auto repair, garage
$1.1M
+39.2%
Commercial (general)
$990,000
+21.0%
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 West Jordan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Jordan 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
$1,315,000
CAP Approach
CAP Return
Estimation
6%
$1,855,000
6.5%
$1,715,000
7%
$1,590,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$820,000
Current use
RESTAURANT
$1,380,000
Change: +69% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,140,000
Change: +39% · Conversion: Easy
COMMERCIAL (GENERAL)
$990,000
Change: +21% · Conversion: Difficult
MEDICAL BUILDING
$920,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.11M – $1.36M · ±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
$91 / 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
$94,729
Tax year 2024
Assessed value
$10,181,880
Assessed 2024
Previous assessed
$10,181,880
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$3,476,190
Assessed improvement
$6,705,690
Land market value
$3,476,190
Improvement market value
$6,705,690
Total market value
$10,181,880
Applied tax rate
37.0000
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
16
Stories
1
Units
600
Total area
13,500 SF
Lot
6 ac (261,360 SF)
Zoning code
M-1
APN
21-30-326-003
UPID
US86-0597853
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · West Jordan, UT
Zoning M-1 · permitted uses
M-1 · West Jordan, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Jordan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$820,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$990,000
MEDICAL BUILDING
Est. value
$920,000
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Buildings
16
Units
600
Lot
6 ac
Current owner
From public records · entity-resolved
Wejo Storage LLC
Entity
Mailing address
4700 S HIGHLAND DR, MILLCREEK, UT 84117-5277
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
—
Wejo Storage LLC
—
Deed
related
$22,500,000 · Tiaa Fsb Holdings INC
Sep 11, 2020
—
Wejo Stroage LLC
—
Deed
related
$22,500,000 · Tiaa Fsb Holdings INC
Jan 17, 2019
—
Wejo Storage LLC
Millwright Investment Company LP
Warranty Deed
$585,000 · Us Bank NA
Dec 16, 2016
—
Millwright Investment Co LP
—
Trustees Deed
related
$1,840,000 · People's Intermountain Bk
Jun 30, 2008
—
Millwright Investment Co
—
Trustees Deed
related
$3,235,000 · Bank Of American Fork
Apr 16, 2007
—
Millwright Investment Co
Hdc Jordan Landing LLC
Grant Deed
$275,000 · Shirl Larsen
—
—
Hdc Jordan Landing LLC
—
Deed Of Trust
related
$2,623,000 · 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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