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Property profile & analytics
OFF-MARKET
Estimated value
$7,930,000
Distribution centers
985 3160th S South Salt Lake, UT 84119-7101
Entity Owned
~
Est. High Equity
Property ID
US86-0344666
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
120,528 SF
Lot
7.68 ac (334,541 SF)
Zoning code
LI
APN
15-26-401-017
UPID
US86-0344666
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
$6.90M
Blend (final)
Blend
$7.93M
Owner & transaction history
1030 West & 3160 South LLC
1030 West & 3160 South LLC
since 2025
6 recorded transactions
Zoning & alternative use
LI · South Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.9M
+77.7%
Retail stores
$8.4M
+16.4%
Auto repair, garage
$8.1M
+11.8%
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 South Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,230,000
Current use
RESTAURANT
$12,850,000
Change: +78% · Conversion: Difficult
RETAIL STORES
$8,420,000
Change: +16% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,080,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$7.93M
Range $7.14M – $8.72M · ±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
$66 / 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
$193,685
Tax year 2024
Assessed value
$16,701,300
Assessed 2024
Previous assessed
$16,701,300
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,646,200
Assessed improvement
$14,055,100
Land market value
$2,646,200
Improvement market value
$14,055,100
Total market value
$16,701,300
Applied tax rate
14.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Stories
1
Units
5
Total area
120,528 SF
Lot
7.68 ac (334,541 SF)
Zoning code
LI
APN
15-26-401-017
UPID
US86-0344666
Jurisdiction
SALT LAKE
Zoning & alternative use
LI · South Salt Lake, UT
Zoning LI · permitted uses
LI · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.2M
RESTAURANT
Est. value
$12.9M
RETAIL STORES
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$8.1M
WAREHOUSE, STORAGE Current
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Units
5
Lot
7.68 ac
Current owner
From public records · entity-resolved
1030 West & 3160 South LLC
Entity
Mailing address
13727 PO BOX 2980TH RD, CHICAGO, IL 60690-2980
Ownership since
2025
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
Aug 28, 2025
—
1030 West & 3160 South LLC
Colfin 2017 10 Industrial Owner LLC
Special Warranty Deed
—
Feb 10, 2022
—
Colfin 201740 Industrial Owner LLC
—
Deed
related
$263,000,000 · Citi Real Estate Funding INC
Dec 13, 2019
—
Colfin 2017 10 Industrial Owner LLC
—
Deed
related
—
Aug 15, 2017
—
Colfin 2017-10 Indl Owner LLC
Tprf III Of Ctrl Valley Indl LLC
Grant Deed
—
Oct 19, 2012
—
Tprf III Of Ctrl Valley Indl LLC
Central Valley LP
Grant Deed
related
—
—
—
Tprf III Of Ctrl Valley Indl LLC
—
Deed Of Trust
related
$12,750,000 · Jackson National Life Ins 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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