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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Manufacturing properties
875 Redwood Rd Salt Lake City, UT 84104-3601
Entity Owned
~
Est. High Equity
Property ID
US86-0231794
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1940
Construction
WOOD FRAME
Total area
11,751 SF
Lot
1.13 ac (49,223 SF)
Zoning code
C-C
APN
15-10-251-010
UPID
US86-0231794
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
-
Applied Installation Shelving Store Steel Fabricator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$439k
Blend (final)
Blend
$500k
Owner & transaction history
Gw Group Ventures LLC
Gw Group Ventures LLC
since 2026
7 recorded transactions
Zoning & alternative use
C-C · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$565,000
+22.1%
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 Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$460,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$500k
Range $450k – $550k · ±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
$43 / 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
$16,708
Tax year 2024
Assessed value
$1,753,400
Assessed 2024
Previous assessed
$1,753,400
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$642,400
Assessed improvement
$1,111,000
Land market value
$642,400
Improvement market value
$1,111,000
Total market value
$1,753,400
Applied tax rate
1.0000
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
1940
Construction
WOOD FRAME
Heating
SPACE
Buildings
2
Stories
1
Total area
11,751 SF
Lot
1.13 ac (49,223 SF)
Zoning code
C-C
APN
15-10-251-010
UPID
US86-0231794
Jurisdiction
SALT LAKE
Zoning & alternative use
C-C · Salt Lake City, UT
Zoning C-C · permitted uses
C-C · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$460,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1940
Construction
WOOD FRAME
Heating
SPACE
Stories
1
Buildings
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Gw Group Ventures LLC
Entity
Mailing address
875 S REDWOOD RD, SALT LAKE CITY, UT 84104-3601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
—
Gw Group Ventures LLC
Redwood Road Holdings LLC
Warranty Deed
$1,750,000 · Redwood Road Holdings LLC
Jun 17, 2025
—
Redwood Road Holdings LLC
Applied Installation And Erection I
Warranty Deed
—
Feb 14, 2017
—
Applied Installation And Erection I
—
Deed
related
$452,000 · Zb NA
—
—
Installation Applied
—
Deed Of Trust
related
$419,956 · Zions First National Bank
—
—
Installation Applied
—
Deed Of Trust
related
$70,000 · Barnes Banking Co
—
—
Installation Applied
—
Deed Of Trust
related
$210,000 · Barnes Banking Co
—
—
Installation Applied
—
Deed Of Trust
related
$242,000 · Barnes Banking Co
—
—
Installation Applied
—
Deed Of Trust
related
$125,000 · Zions First National Bank
—
—
Installation Applied
—
Deed Of Trust
related
$95,000 · Barnes Banking Co
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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