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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Industrial properties
8169 State St Midvale, UT 84047-3229
Entity Owned
~
Est. High Equity
Property ID
US86-0530049
Property summary
AI-generated overview
This exceptional Midvale, Utah property, located at 8169 S State St, zip code 84047, offers a substantial 38,290 square feet of combined office and warehouse space. The building, situated on a 2.5-acre lot in Salt Lake County, features a two-story design with a significant portion currently vacant (34,650 square feet). Ideal for a variety of businesses, the property boasts 18-foot ceilings in the warehouse area, providing ample vertical space for storage or manufacturing. Two dock-high doors ensure efficient loading and unloading of goods. The warehouse space is further enhanced by robust power capabilities, including 1400 Amps, 480 Volt, 3-phase power. The property is zoned I-1 (Industrial), allowing for a range of industrial uses. The property is currently available for multiple tenants. This versatile property combines the benefits of office and warehouse space, offering a prime location in Midvale with excellent access to transportation routes. The substantial vacant space presents a unique opportunity for businesses seeking to establish or expand their operations in a thriving industrial area. Inquire today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
61,722 SF
Lot
5.03 ac (219,107 SF)
Zoning code
I-1
APN
22-31-153-005
UPID
US86-0530049
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
$1.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$1.93M
Owner & transaction history
Diehl Concept Properties Lc
Diehl Concept Properties Lc
1 recorded transaction
Zoning & alternative use
I-1 · Midvale, UT
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 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
$1,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,925,000
Current use
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±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
$31 / 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
$83,388
Tax year 2024
Assessed value
$7,822,500
Assessed 2024
Previous assessed
$7,822,500
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,862,100
Assessed improvement
$4,960,400
Land market value
$2,862,100
Improvement market value
$4,960,400
Total market value
$7,822,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
4
Stories
2
Total area
61,722 SF
Lot
5.03 ac (219,107 SF)
Zoning code
I-1
APN
22-31-153-005
UPID
US86-0530049
Jurisdiction
SALT LAKE
Zoning & alternative use
I-1 · Midvale, UT
Zoning I-1 · permitted uses
I-1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
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
1978
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
2
Buildings
4
Lot
5.03 ac
Current owner
From public records · entity-resolved
Diehl Concept Properties Lc
Entity
Mailing address
PO BOX 8107, MIDVALE, UT 84047-8100
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Diehl Concept Properties Lc
—
Deed Of Trust
related
$370,377 · Diehl Trust
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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