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    Property profile & analytics

    8523 2940th W West Jordan, UT 84088-9660

    • Warehouses
    • 7,800 SF
    • 2.23 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2023
    Value Estimations
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0316563
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 8523 2940th W

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.23 lot acres
    Property size
    7,800 SF
    Zone code
    M-1
    Property type
    Warehouses
    APN
    21-33-377-009
    APU
    2133377009

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,075,000
      6.5%
      $990,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,190,000
      Market price range: $402k - $1.31M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $965,000
      MEDICAL BUILDING
      $940,000
      RESTAURANT
      $905,000
      AUTO REPAIR, GARAGE
      $715,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Jordan
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.962
    Latitude
    40.597
    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
    2024
    $21,984
    $1,412,100
    $914,200
    $2,326,300
    -
    $1,412,100
    $914,200
    $2,326,300

    Comparable in this City

    • Value Estimation by Request
      2,450 SF

      7945 1300th W Dr

      WAREHOUSE, STORAGE • 2,450 SF
      7945 1300th W Dr, West Jordan, UT 84088-9465
      View Details
    • Value Estimation
      $1,495,000
      33,552 SF

      1333 7900th S

      MINI-WAREHOUSE, STORAGE • 33,552 SF
      1333 7900th S, West Jordan, UT 84088-9438
      View Details
    • Value Estimation
      $560,000
      15,000 SF

      1386 8040th S

      WAREHOUSE, STORAGE • 15,000 SF
      1386 8040th S, West Jordan, UT 84088-9475
      View Details
    • Value Estimation
      $1,155,000
      14,560 SF

      1376 8040th S

      WAREHOUSE, STORAGE • 14,560 SF
      1376 8040th S, West Jordan, UT 84088-9417
      View Details
    • Value Estimation
      $1,565,000
      13,392 SF

      4145 8370th S

      WAREHOUSE, STORAGE • 13,392 SF
      4145 8370th S, West Jordan, UT 84088-5906
      View Details
    • Value Estimation
      $955,000
      22,536 SF

      4065 Nike Dr

      WAREHOUSE, STORAGE • 22,536 SF
      4065 Nike Dr, West Jordan, UT 84088-5913
      View Details

    Similar Nearby for Sale

    • $5,350,000
      33,553 SF

      West Jordan Warehouse For Sale

      Warehouse property with convenient access to transit and amenities.
      1333-1339 W 7900 S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      14,024 SF

      West Jordan Commercial Site

      Commercial site on 2.63 acres with RV amenities.
      2790 W 7800 S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      33,553 SF

      West Jordan Industrial Property

      Refrigerated Warehouse, Prime Location
      1333 7900, West Jordan, UT 84088
      View Details
    • $289,900
      0.34 Acres

      West Jordan Vacant Land

      Vacant land suitable for building or storage in West Jordan.
      8686 S Temple Dr, West Jordan, UT 84088
      View Details
    • New
      $1,400,000
      1.12 Acres

      West Jordan Commercial Corner Lot

      Corner lot with high traffic, suitable for office or hospitality.
      9043 S 2040 W, West Jordan, UT 84088
      View Details
    • Contact for pricing
      700 SF

      Prime Commercial Land Available

      Commercial land for sale, lease, or build to suit.
      6050 W 7800 S, West Jordan, UT 84088
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      44,000 SF

      West Jordan Industrial Space Available

      44,000 SF industrial space for lease in West Jordan.
      3333 W 9000 S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      33,977 SF

      West Jordan Industrial Opportunity

      10,048 SF industrial space in West Jordan for lease.
      8461 S Old Bingham Hwy, West Jordan, UT 84088
      View Details
    • Contact for pricing
      3,000 SF

      West Jordan Warehouse Space

      3,000 SF warehouse space available for lease.
      4133 Farm Rd, West Jordan, UT 84088
      View Details
    • Contact for pricing
      16,320 SF

      West Jordan Industrial Space Available

      Industrial space for lease in West Jordan, Utah.
      4145 W 8370 S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      130,680 SF

      West Jordan Office Space Available

      Office space with break room, conference room, and parking.
      4225 W Nike Dr S, West Jordan, UT 84088
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space with Drive-Thru

      1,800 SF retail space with drive-thru and patio seating.
      1571-1577 W 9000 S, West Jordan, UT 84088
      View Details
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    8523 2940th W
    West Jordan, UT 84088-9660
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    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
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