New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,840,000
Warehouses
9200 State St, Sandy, UT 84070-2604
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0259529
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,823 SF
Lot
4.65 ac (202,554 SF)
Zoning code
RC
APN
27-01-427-030
UPID
US86-0259529
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.84M
Owner & transaction history
Sandy Redevelopment Co LLC · 17 yrs held
Sandy Redevelopment Co LLC
since 2008
7 recorded transactions
Zoning & alternative use
RC · Sandy, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+89.3%
Restaurant
$2.4M
+54.7%
Retail stores
$1.8M
+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 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,575,000
Current use
COMMERCIAL (GENERAL)
$2,975,000
Change: +89% · Conversion: Difficult
RESTAURANT
$2,435,000
Change: +55% · Conversion: Difficult
RETAIL STORES
$1,795,000
Change: +14% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,610,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$1.84M
Range $1.66M – $2.02M · ±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
$88 / 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
$46,807
Tax year 2024
Assessed value
$4,761,200
Assessed 2024
Previous assessed
$4,761,200
+0.0% YoY
Effective rate
0.98%
On assessed value
Assessed land
$4,093,900
Assessed improvement
$667,300
Land market value
$4,093,900
Improvement market value
$667,300
Total market value
$4,761,200
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
3
Stories
1
Total area
20,823 SF
Lot
4.65 ac (202,554 SF)
Zoning code
RC
APN
27-01-427-030
UPID
US86-0259529
Jurisdiction
SALT LAKE
Zoning & alternative use
RC · Sandy, UT
Zoning RC · permitted uses
RC · 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
$1.6M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT
Est. value
$2.4M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE Current
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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.65 ac
Current owner
From public records · entity-resolved
Sandy Redevelopment Co LLC
Entity
Mailing address
9256 S STATE ST, SANDY, UT 84070-2604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
—
Sandy Redevelopment Co LLC
—
Deed
related
—
Aug 28, 2008
—
Sandy Redevelopment Co LLC
Usso Development Parcel Owner LLC
Special Warranty Deed
$4,665,000 · The Business Bank Of St Louis
Feb 6, 2008
—
Usso Dev Parcel Owner LLC
—
Deed Of Trust
related
$64,000,000 · Sft I INC
Sep 14, 2007
—
Usso Dev Parcel Owner LLC
Utah Soccer Stadium Owner LLC
Trustees Deed
$69,000,000 · Sft I INC
—
—
Sandy Redevelopment Co LLC
—
Loan Modification
related
—
—
—
Sandy Redevelopment Co LLC
—
Deed Of Trust
related
$29,000,000 · Zions First National Bank
—
—
Sandy Redevelopment Co LLC
—
Deed Of Trust
related
$29,000,000 · Zions First National Bank
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 9200 State 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.
