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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Manufacturing properties
980 Ctr St North Salt Lake, UT 84054-2938
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US86-1395763
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2018
Construction
METAL FRAME
Total area
11,120 SF
Lot
3.98 ac (173,369 SF)
Zoning code
EUO
APN
01-091-0028
UPID
US86-1395763
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
-
Horizon Manufacturing & Repair Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
$981k
Blend (final)
Blend
$1.03M
Owner & transaction history
Welbar Holdings LLC · 18 yrs held
Welbar Holdings LLC
since 2008
4 recorded transactions
Zoning & alternative use
EUO · North Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+113.7%
Restaurant
$1.4M
+96.7%
Apartment house (5+ units)
$950,000
+38.1%
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 North Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Salt Lake 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%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$690,000
Current use
OFFICE BUILDING
$1,470,000
Change: +114% · Conversion: Difficult
RESTAURANT
$1,355,000
Change: +97% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$950,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$940,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$1.03M
Range $923k – $1.13M · ±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
$92 / 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
$24,547
Tax year 2024
Assessed value
$1,358,111
Assessed 2024
Previous assessed
$1,358,111
+0.0% YoY
Effective rate
1.81%
On assessed value
Assessed land
$733,475
Assessed improvement
$624,636
Land market value
$1,333,591
Improvement market value
$1,135,703
Total market value
$2,469,294
Applied tax rate
244.0000
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
2018
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Total area
11,120 SF
Lot
3.98 ac (173,369 SF)
Zoning code
EUO
APN
01-091-0028
UPID
US86-1395763
Jurisdiction
DAVIS
Zoning & alternative use
EUO · North Salt Lake, UT
Zoning EUO · permitted uses
EUO · North Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$690,000
OFFICE BUILDING
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$940,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2018
Construction
METAL FRAME
Heating
SPACE
Stories
1
Units
1
Lot
3.98 ac
Current owner
From public records · entity-resolved
Welbar Holdings LLC
Entity
Mailing address
980 W CTR ST, NORTH SALT LAKE, UT 84054-2938
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2008
—
Welbar Holdings LLC
Lemyers
Grant Deed
$872,000 · Barnes Banking Co
Jul 19, 2000
—
Center Street Co Lc
E O Muir Associates Lc
Quit Claim Deed
related
—
—
—
Welbar Holdings LLC
—
Deed Of Trust
related
$981,016 · Bank Of Ut
—
—
Welbar Holdings LLC
—
Deed Of Trust
related
$800,000 · Bank Of Utah
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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