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Property profile & analytics
OFF-MARKET
Estimated value
$1,280,000
Manufacturing properties
999 Redwood Rd Salt Lake City, UT 84104-3702
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0023645
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,843 SF
Lot
7.24 ac (315,374 SF)
Zoning code
CC
APN
15-10-257-003
UPID
US86-0023645
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
-
Rocky Mountain Air Solutions Welding Supply Store Industrial Gas Supplier
-
Fire Protection Services - Rocky Mountain Air Solutions Production Facility Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.25M
Blend (final)
Blend
$1.28M
Owner & transaction history
Rma Land LLC · 2 yrs held
Rma Land LLC
since 2023
5 recorded transactions
Zoning & alternative use
CC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+84.0%
Neighborhood: shopping center
$1.1M
+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
$1,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$900,000
Current use
AUTO REPAIR, GARAGE
$1,650,000
Change: +84% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,095,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$1.28M
Range $1.15M – $1.41M · ±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
$56 / 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
$60,081
Tax year 2024
Assessed value
$6,305,100
Assessed 2024
Previous assessed
$6,305,100
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$4,115,600
Assessed improvement
$2,189,500
Land market value
$4,115,600
Improvement market value
$2,189,500
Total market value
$6,305,100
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
5
Stories
1
Units
1
Total area
22,843 SF
Lot
7.24 ac (315,374 SF)
Zoning code
CC
APN
15-10-257-003
UPID
US86-0023645
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · Salt Lake City, UT
Zoning CC · permitted uses
CC · 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
$900,000
AUTO REPAIR, GARAGE
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
5
Units
1
Lot
7.24 ac
Current owner
From public records · entity-resolved
Rma Land LLC
Entity
Free & Clear · 2 yrs held
Mailing address
600 S SANTA FE DR, DENVER, CO 80223-2403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 23, 2023
—
Rma Land LLC
United States Welding INC
Quit Claim Deed
related
—
Dec 26, 2018
—
Us Welding INC
—
Loan Modification
related
$7,900,000 · Jp Morgan Chase Bk
Feb 6, 2018
—
United Sttes Welding INC
—
Deed
related
—
Dec 24, 2014
—
Us Welding INC
—
Loan Modification
related
$7,500,000 · Jp Morgan Chase Bk
Jul 27, 2000
—
Intermountain Leasing INC
—
Deed Of Trust
related
$14,000,000 · Bank One Indiana 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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