New search
Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Warehouses
8680 Monroe St, Sandy, UT 84070-1466
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0008906
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,300 SF
Lot
1.16 ac (50,530 SF)
Zoning code
ID
APN
27-01-201-051
UPID
US86-0008906
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
Current use
Occupant on record · Public records
-
Sunscape Maintenance Landscaping General Contractor
-
CPI Chaparral Plumbing, Inc Plumbing Service General Contractor
-
Granite Now LLC Kitchen & Bath Showroom Hardware & Home Improvement
-
Dale Hancock Upholstery Furniture & Home Goods
-
Utah auto upholstery Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$687k
Blend (final)
Blend
$685k
Owner & transaction history
J2 Ventures LLC · 3 yrs held
J2 Ventures LLC
since 2022
7 recorded transactions
Zoning & alternative use
ID · Sandy, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+127.9%
Commercial (general)
$900,000
+89.3%
Restaurant
$735,000
+54.7%
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 Sandy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy 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
$565,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$475,000
Current use
MEDICAL BUILDING
$1,085,000
Change: +128% · Conversion: Difficult
COMMERCIAL (GENERAL)
$900,000
Change: +89% · Conversion: Difficult
RESTAURANT
$735,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$545,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$485,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$109 / 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
$27,626
Tax year 2024
Assessed value
$2,810,100
Assessed 2024
Previous assessed
$2,810,100
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$553,300
Assessed improvement
$2,256,800
Land market value
$553,300
Improvement market value
$2,256,800
Total market value
$2,810,100
Applied tax rate
35.0000
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
3
Stories
1
Total area
6,300 SF
Lot
1.16 ac (50,530 SF)
Zoning code
ID
APN
27-01-201-051
UPID
US86-0008906
Jurisdiction
SALT LAKE
Zoning & alternative use
ID · Sandy, UT
Zoning ID · permitted uses
ID · Sandy, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sandy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$475,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$900,000
RESTAURANT
Est. value
$735,000
RETAIL STORES
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$485,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
3
Lot
1.16 ac
Current owner
From public records · entity-resolved
J2 Ventures LLC
Entity
Mailing address
8680 S MONROE ST, SANDY, UT 84070-1466
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
—
J2 Ventures LLC
J2 Ventures LLC
Intrafamily Transfer
related
$250,000 · Brighton Bank
Jun 24, 2022
—
J2 Ventures LLC
—
Deed
related
$1,080,700 · Brighton Bank
Aug 13, 2021
—
J2 Ventures LLC
—
Deed
related
$250,000 · Brighton Bank
May 22, 2017
—
J2 Ventures LLC
—
Deed
related
$150,000 · Brighton Bank
Jan 12, 2017
—
J2 Ventures LLC
—
Deed
related
$167,589 · Brighton Bank
—
—
J2 Ventures LLC
—
Deed Of Trust
related
$146,830 · Brighton Bank
—
—
J2 Ventures LLC
—
Deed Of Trust
related
$31,860 · Brighton Bank
—
—
J2 Ventures LLC
—
Deed Of Trust
related
$34,000 · Peterson Plumbing Supply INC
—
—
J2 Venture
—
Deed Of Trust
related
$170,000 · Liberty Bk
—
—
J2 Ventures LLC
—
Deed Of Trust
related
$641,050 · Brighton Bank
—
—
J2 Ventures LLC
—
Deed Of Trust
related
$73,676 · Famlian Northwest INC
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8680 Monroe St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
