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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8699 Sandy Pkwy Sandy, UT 84070-6425

    • Warehouses
    • 2,523 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Dec 14, 2021
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    6.7%
    Warehouses
    Location Intelligence
    Property ID
    US86-1443997
    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

    • Hansen Lighting / Lighting Store

    Property Details for 8699 Sandy Pkwy

    Year built
    2004
    Lot size
    0.11 lot acres
    Property size
    2,523 SF
    Zone code
    CR-PUD
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    27-01-130-023
    APU
    2701130023

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $370,000
      7%
      $340,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $435,000
      COMMERCIAL (GENERAL)
      $360,000
      RETAIL STORES
      $215,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.904
    Latitude
    40.5933
    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
    2022
    $5,597
    $166,300
    $388,200
    $554,500
    -
    $166,300
    $388,200
    $554,500

    Comparable in this City

    • Value Estimation
      $345,000
      5,799 SF

      8619 Sandy Pkwy Ste, Unit 112

      MINI-WAREHOUSE, STORAGE • 5,799 SF
      8619 Sandy Pkwy Ste, Sandy, UT 84070-6404
      View Details
    • Value Estimation
      $595,000
      26,653 SF

      8535 700th W

      MINI-WAREHOUSE, STORAGE • 26,653 SF
      8535 700th W, Sandy, UT 84070-2502
      View Details
    • Value Estimation
      $295,000
      2,639 SF

      8619 Sandy Pkwy Ste, Unit 104

      MINI-WAREHOUSE, STORAGE • 2,639 SF
      8619 Sandy Pkwy Ste, Sandy, UT 84070-6404
      View Details
    • Value Estimation
      $630,000
      13,425 SF

      586 9320th S

      MINI-WAREHOUSE, STORAGE • 13,425 SF
      586 9320th S, Sandy, UT 84070-6665
      View Details
    • Value Estimation
      $790,000
      16,370 SF

      460 Universal Cir

      MINI-WAREHOUSE, STORAGE • 16,370 SF
      460 Universal Cir, Sandy, UT 84070-2573
      View Details
    • Value Estimation
      $645,000
      12,200 SF

      681 8400th S

      MINI-WAREHOUSE, STORAGE • 12,200 SF
      681 8400th S, Sandy, UT 84070-0525
      View Details

    Similar Nearby for Sale

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      0.41 Acres

      Professionally Designed Executive Office Building

      Executive office suites in a prime, high-visibility location.
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    • $2,790,000
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      Entitled 1.17 acre commercial land for immediate development.
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      Renovated Retail Center in Sandy

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      New Office Building For Sale

      New office building in mixed-use development area, warm shell.
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    • $850,000
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      Stand-Alone Office Building For Sale

      4,270 SF office building, divisible, with parking.
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      Sandy, UT QSR Investment Opportunity

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    Similar Nearby for Lease

    • $3,550 /Mo
      2,840 SF

      Industrial Space in Sandy, Utah

      2,840 SF industrial space with office and mezzanine.
      8535 S 700 W, Sandy, UT 84070
      View Details
    • Contact for pricing
      56,725 SF

      Available Warehouse Space For Rent

      56,725 square feet warehouse space with loading docks.
      565 W Parkland Dr, Sandy, UT 84070
      View Details
    • $700 /Mo
      25,549 SF

      Prime Retail/Warehouse Space on 700

      Versatile retail/warehouse space with excellent visibility and convenient access.
      8734 South 700 East, Sandy, UT 84070
      View Details
    • Contact for pricing
      5,000 SF

      Sandy Industrial Property with Storage

      5,000 SF industrial space with office and covered storage.
      8665 S Harrison St, Sandy, UT 84070
      View Details
    • Contact for pricing
      22,216 SF

      Office, Retail, Warehouse Space

      Office, retail, and warehouse space available for lease.
      8650 S 700 E, Sandy, UT 84070
      View Details
    • $16 SF/Yr
      23,255 SF

      Sandy Industrial Manufacturing Space

      23,255 SF Single-Tenant Industrial Building in Sandy, UT
      649 9400, Sandy, UT 84070
      View Details
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    8699 Sandy Pkwy
    Sandy, UT 84070-6425
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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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