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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
788 1270th W Payson, UT 84651-2626
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US86-0391489
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2001
Total area
4,945 SF
Lot
1.67 ac (72,745 SF)
APN
40-330-0023
UPID
US86-0391489
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
Current use
Occupant on record · Public records
-
Exxon Gas Station
-
ATM (Storrs Inc) Atm Cars
-
Storrs Inc Grocery & Convenience Store
-
Arby's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Westring INC · 7 yrs held
Westring INC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Payson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Payson 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$26,774
Tax year 2023
Assessed value
$2,732,300
Assessed 2023
Previous assessed
$2,732,300
+0.0% YoY
Effective rate
0.98%
On assessed value
Land market value
$1,254,100
Improvement market value
$1,478,200
Total market value
$2,732,300
Applied tax rate
170.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2001
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,945 SF
Lot
1.67 ac (72,745 SF)
APN
40-330-0023
UPID
US86-0391489
Jurisdiction
UTAH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Westring INC
Entity
Mailing address
PO BOX 906, SALEM, UT 84653-0906
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2019
—
Westring INC
Bp Investments Lc
Grant Deed
$2,863,800 · Bp Investments Lc
Jan 9, 2018
—
Bp Investments Lc
Calder Bros Co
Grant Deed
—
Dec 18, 2012
—
Calder Bros Co
Azk Finance Lc
Warranty Deed
related
—
Feb 29, 2012
—
Azk Finance Lc
Storrs Investments LLC
Warranty Deed
$800,000 · Key Bank & Trust
Jan 26, 2012
—
Storrs Investments LLC
Storrs,norven W JR
Quit Claim Deed
related
—
Oct 19, 2010
—
Norven W Storrs JR.
—
Deed Of Trust
related
$1,868,538 · Central Bank & Trust
Oct 14, 2010
—
Norven W Storrs JR.
Storrs Sundance Ents LLC
Quit Claim Deed
related
—
Nov 14, 2007
—
Storrs Sundance Ents LLC
Storrs,norven W & Cheryl K
Quit Claim Deed
—
Jan 26, 2007
—
Norven W Storrs
Storrs,norven W & Cheryl K
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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