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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
8645 Harrison St Midvale, UT 84070-1470
Entity Owned
Absentee Owner
Free & Clear
Property ID
US86-0302287
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2017
Construction
METAL FRAME
Total area
4,500 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CI
APN
27-01-201-002
UPID
US86-0302287
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
$535k
CAP Approach
CAP
$570k
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$530k
Owner & transaction history
Jtj Heavy Industries LLC
Jtj Heavy Industries LLC
since 2025
6 recorded transactions
Zoning & alternative use
CI · Midvale, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$775,000
+127.9%
Commercial (general)
$645,000
+89.3%
Retail stores
$390,000
+14.1%
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
$535,000
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$340,000
Current use
MEDICAL BUILDING
$775,000
Change: +128% · Conversion: Difficult
COMMERCIAL (GENERAL)
$645,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$390,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$350,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$118 / 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
$20,030
Tax year 2024
Assessed value
$1,810,700
Assessed 2024
Previous assessed
$1,810,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$388,600
Assessed improvement
$1,422,100
Land market value
$388,600
Improvement market value
$1,422,100
Total market value
$1,810,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Construction
METAL FRAME
Heating
FORCED AIR
Buildings
3
Stories
1
Rooms
9
Bathrooms
3
Total area
4,500 SF
Lot
0.51 ac (22,216 SF)
Zoning code
CI
APN
27-01-201-002
UPID
US86-0302287
Jurisdiction
SALT LAKE
Zoning & alternative use
CI · Midvale, UT
Zoning CI · permitted uses
CI · 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
WAREHOUSE, STORAGE Current
Est. value
$340,000
MEDICAL BUILDING
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$645,000
RETAIL STORES
Est. value
$390,000
AUTO REPAIR, GARAGE
Est. value
$350,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
2017
Construction
METAL FRAME
Heating
FORCED AIR
Stories
1
Buildings
3
Rooms
9
Bathrooms
3
Lot
0.51 ac
Current owner
From public records · entity-resolved
Jtj Heavy Industries LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1174 E BEAR HOLW CIR, DRAPER, UT 84020-9051
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Jtj Heavy Industries LLC
Mason J Webster
Quitclaim Deed
related
—
May 7, 2025
—
Mason J Webster
8645 Harrison LLC
Warranty Deed
$1,073,921 · 8645 Harrison LLC
Nov 28, 2012
—
8645 Harrison LLC
Webster,david
Warranty Deed
—
Aug 31, 2012
—
David Webster
Clements,melvin E
Warranty Deed
related
—
Sep 14, 2010
—
Melvin E Clements
Clements,melvin R
Quit Claim Deed
related
—
May 13, 2009
—
Melvin R Clements
Clements,melvin R
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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