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Property profile & analytics
FOR SALE
Drug stores
9426 S 700 E Sandy, UT 84070
Entity Owned
2-yr Hold
Free & Clear
Property ID
US86-1491022
For Sale
1 / 6
Contact for pricing
9426 S 700 E, Sandy, UT 84070
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Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,387 SF
Lot
1.38 ac (60,113 SF)
Zoning code
CC
APN
28-07-226-080
UPID
US86-1491022
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
-
Walgreens Pharmacy Pharmacy
-
Walgreens Pharmacy
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
COVID-19 Drive-Thru Testing at Walgreens Pharmacy
-
Blink Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.01M
Owner & transaction history
Sandy City · 2 yrs held
Sandy City
since 2024
5 recorded transactions
Zoning & alternative use
CC · Sandy, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is established to allow for retail businesses and related uses to be grouped together into well planned and well designed planned commercial centers serving an area of one or more of Sandy planning quadrants and or areas that may extend beyond Sandy City
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
135.57 ac
Source
Realmo
Top alternative use upside
Medical building
$2.5M
+99.7%
Commercial (general)
$2.1M
+65.8%
Restaurant
$1.7M
+35.5%
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
RETAIL STORES
$1,240,000
Current use
MEDICAL BUILDING
$2,475,000
Change: +100% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,055,000
Change: +66% · Conversion: Easy
RESTAURANT
$1,680,000
Change: +36% · Conversion: Easy
Blend value · Realmo final
$2.01M
Range $1.80M – $2.21M · ±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
$139 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$64,488
Tax year 2023
Assessed value
$6,540,400
Assessed 2023
Previous assessed
$6,540,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,487,400
Assessed improvement
$5,053,000
Land market value
$1,487,400
Improvement market value
$5,053,000
Total market value
$6,540,400
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
For Sale
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
14,387 SF
Lot
1.38 ac (60,113 SF)
Zoning code
CC
APN
28-07-226-080
UPID
US86-1491022
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · Sandy, UTZoning CC · permitted uses
CC · 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 allow for retail businesses and related uses to be grouped together into well planned and well designed planned commercial centers serving an area of one or more of Sandy planning quadrants and or areas that may extend beyond Sandy City
Zone name
Community Commercial
General category
COMMERCIAL
Zone area
135.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
Est. value
$1.7M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Sandy City
Entity
Free & Clear · 2 yrs held
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
—
Sandy City
Milda M Gray
Warranty Deed
—
Apr 11, 2023
—
Leon Gray S Denis
Denis Leon Gray
Affidavit Of Death Of Joint Tenant
related
—
Jul 2, 2019
—
Dalton Place Associates
Spataru Vi LLC
Grant Deed
—
Aug 28, 2015
—
Spataru Vi LLC
Cole Wg Sandy Ut Dst
Grant Deed
$4,154,000 · Everbank
Jun 16, 2005
—
Cole Wg Sandy Ut Dst
Station West Union Square LLC
Special Warranty Deed
$6,556,000 · Wachovia Bank 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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