Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8308 700th E Sandy, UT 84070-0505
    Back to Search
    Property profile & analytics

    8308 700th E, Sandy, UT 84070-0505

    View on Map
    • Commercial real estate
    • 32,910 SF
    • 1.31 lot acres
    Off-Market
    Last Sale Sep 30, 2020
    Property ID
    US86-0565381
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,385,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Extra Space Storage / Storage Facility

    Property Details for 8308 700th E

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.31 lot acres
    Zone code
    BC
    Property type
    Commercial real estate
    APN
    22-31-429-033
    APU
    2231429033

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 11, 2022 — Celico Partnership Extra Space Prop Ninety Four LP LLC Lease —
    Sep 30, 2020 — Extra Space Properties Ninety Four Extra Space Properties Two LLC Special Warranty Deed $89.7M · Us Bank NA
    Jul 25, 2017 — Extra Space Properties Two LLC Extra Space Props Forty Nine L Quit Claim Deed —
    May 9, 2013 — Space Props Forty Nine L Extra — Loan Modification · related $20.5M · Tcf National Bank
    Sep 22, 2010 — Space Props Forty Nine L Extra Extra Space Props Fifty Three Quit Claim Deed $14.1M · Tcf National Bank
    Jul 26, 2005 — Extra Space Properties Fifty Three Susa Partnership LP Deed $4M · Wachovia Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $870,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,894,000
      Market price range: $1.89M - $7.76M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.874
    Latitude
    40.6
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,420
    $1,055,700
    $0.00
    $1,055,700
    -
    $1,055,700
    $0.00
    $1,055,700

    Comparable in this City

    • Value Estimation by Request
      100,000 SF

      8851-8871 Sandy Pkwy

      Office Units
      8851-8871 Sandy Pkwy, Sandy, UT 84070
      View Details
    • Value Estimation by Request
      42,553 SF

      7000 Park Ctr Dr

      Retail properties & Spaces
      7000 Park Ctr Dr, Sandy, UT 84070
      View Details
    • Value Estimation by Request
      1.37 Acres

      661 450

      Land
      661 450, Sandy, UT 84070
      View Details
    • Value Estimation
      $1,895,000
      8,259 SF

      9070 State St

      COMMERCIAL (GENERAL)
      9070 State St, Sandy, UT 84070-2610
      View Details
    • Value Estimation by Request
      6,479 SF

      10400 State St

      Restaurants
      10400 State St, Sandy, UT 84070
      View Details
    • Value Estimation by Request
      102,366 SF

      11100 State St

      Land
      11100 State St, Sandy, UT 84070
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,075 SF

      Office Unit For Sale

      Office unit with 1,075 square feet of space.
      9137 Monroe St, Sandy, UT 84070
      View Details
    • Contact for pricing
      98,820 SF

      Sandy Utah Industrial Investment Opportunity

      Newly constructed Class A industrial facility near I-15 in Sandy.
      565 Parkland Dr, Sandy, UT 84070
      View Details
    • Contact for pricing

      Riverside Drive Investment Opportunity

      Two-story mixed-use property with complete interior renovation and parking.
      9075 S Riverside Dr W, Sandy, UT 84070
      View Details
    • $2,749,000
      1.17 Acres

      Shovel Ready Entitled Commercial Land

      1.17 acres of commercial land with fully entitled plans.
      8475 S State St, Sandy, UT 84070
      View Details
    • Contact for pricing

      Prime Lot Near South Towne

      Half-acre commercial lot near South Towne Mall available for development.
      10510 S State St, Sandy, UT 84070
      View Details
    • $4,999,825

      Versatile Industrial Building Near I-15

      Industrial building with warehouse and office space, near I-15.
      649 West 9400 South, Sandy, UT 84070
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Flex Space with Warehouse

      Flex building with warehouse space available for lease assumption.
      495 W 9400 S, Sandy, UT 84070
      View Details
    • Contact for pricing

      Office Space Near Rio Tinto

      Centrally located office space for rent in Sandy, Utah.
      9140 s State St, Sandy, UT 84070
      View Details
    • Contact for pricing

      One Sandy Center Office Space

      Professional office environment with mountain views in Sandy City.
      10011 Centennial Pkwy, Sandy, UT 84070
      View Details
    • $21 SF/Yr
      3,883 SF

      Office Space Available For Rent

      Office space available for lease, move-in December 1, 2024.
      9785 Monroe St, Sandy, UT 84070
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with tailored office solutions.
      9930 S 300 W, Sandy, UT 84070
      View Details
    • Contact for pricing
      573 SF

      Move-in Ready Office Space

      Office space with furnishings available and I-15 access.
      8911 Sandy Pkwy, Sandy, UT 84070
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8308 700th E
    Sandy, UT 84070-0505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8308 700th E, Sandy, UT, 84070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!