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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Community centers
8083 3500th S, Magna, UT 84044-2218
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US86-0312808
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,000 SF
Lot
2.08 ac (90,605 SF)
Zoning code
C-2
APN
14-32-230-018
UPID
US86-0312808
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
$755k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$833k
Blend (final)
Blend
$795k
Owner & transaction history
Magna Henry LLC · 17 yrs held
Magna Henry LLC
since 2009
4 recorded transactions
Zoning & alternative use
C-2 · Magna, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+5.6%
Warehouse, storage
$1.2M
+5.2%
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
$755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,150,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,215,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,210,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$44 / 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
$39,158
Tax year 2023
Assessed value
$2,749,300
Assessed 2023
Previous assessed
$2,749,300
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$729,400
Assessed improvement
$2,019,900
Land market value
$729,400
Improvement market value
$2,019,900
Total market value
$2,749,300
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
3
Total area
18,000 SF
Lot
2.08 ac (90,605 SF)
Zoning code
C-2
APN
14-32-230-018
UPID
US86-0312808
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Magna, UT
Zoning C-2 · permitted uses
C-2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
2.08 ac
Current owner
From public records · entity-resolved
Magna Henry LLC
Entity
Mailing address
7455 S UN PARK AVE STE A, MIDVALE, UT 84047-1902
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 9, 2017
—
Magna Henry LLC
—
Grant Deed
related
$6,150,000 · Morgan Stanley Bk
Apr 3, 2009
—
Magna Henry LLC
Dm West Bench LLC
Grant Deed
$6,000,000 · Citigroup Com' Tr 2007-c6 (tr)
May 24, 2007
—
Dm West Bench LLC
West Bench Plaza II Lc
Quit Claim Deed
—
Jul 26, 2000
—
Bench Plaza West II
—
Deed Of Trust
related
$3,550,000 · Principal Commercial Funding
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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