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Property profile & analytics
OFF-MARKET
Estimated value
$270,000
Manufacturing properties
8704 120th E Sandy, UT 84070-1556
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0544859
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,560 SF
Lot
0.17 ac (7,405 SF)
Zoning code
HBD
APN
28-06-121-005
UPID
US86-0544859
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
-
Advanced IT Solutions, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Johnson Powers, LLC Production Facility
-
Alt Energy & Power Power Plant Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Mark A Ray · 6 yrs held
Mark A Ray
since 2019
6 recorded transactions
Zoning & alternative use
HBD · Sandy, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established to address the unique characteristics of the Main Street or Center Street historical commercial area and those properties that are associated, through location or character, with the historic Main Street or Center Street commercial area of Sandy City
Zone name
Historic Business District
General category
COMMERCIAL
Zone area
6.05 ac
Source
Realmo
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
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$270k
Range $243k – $297k · ±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
$76 / 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
$4,851
Tax year 2024
Assessed value
$493,400
Assessed 2024
Previous assessed
$493,400
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$114,600
Assessed improvement
$378,800
Land market value
$114,600
Improvement market value
$378,800
Total market value
$493,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Units
1
Total area
3,560 SF
Lot
0.17 ac (7,405 SF)
Zoning code
HBD
APN
28-06-121-005
UPID
US86-0544859
Jurisdiction
SALT LAKE
Zoning & alternative use
HBD · Sandy, UTZoning HBD · permitted uses
HBD · Sandy, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is established to address the unique characteristics of the Main Street or Center Street historical commercial area and those properties that are associated, through location or character, with the historic Main Street or Center Street commercial area of Sandy City
Zone name
Historic Business District
General category
COMMERCIAL
Zone area
6.05 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Mark A Ray
Individual
Free & Clear · 6 yrs held
Mailing address
1879 E FLT BEAR CIR, DRAPER, UT 84020-9657
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Oct 3, 2019
—
Mark A Ray
Leasing Lc Grimes
Warranty Deed
—
May 21, 2004
—
Leasing Lc Grimes
Ray,mark A
Grant Deed
related
—
Jan 26, 2004
—
Leasing Lc Grimes
Ray,mark A
Grant Deed
$66,500 · Wells Fargo Bank Northwest NA
Oct 15, 2003
—
Mark A Ray
Universal Properties & Leasing
Grant Deed
$66,803 · Universal Properties & Leasing
Jun 4, 1996
—
Properties Universal
Carter Trust
Grant Deed
$145,760 · Draper Bank & Trust
—
—
Properties Universal
—
Deed Of Trust
related
$60,000 · Wells Fargo Bank Northwest NA
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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