Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    616 S 200 W Salt Lake City, UT 84101

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $20,000,000

    117-room hotel in downtown Salt Lake City, Utah.

    Type:Hospitality
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 25 at 10:52 pm

    Property Features for 616 S 200 W

    General Information

    Standard status
    Active
    Property subtype
    Hospitality

    We can help!

    Listing Contact
    Jon Walter
    Jon Walter

    Listing agent Jon Walter License #NV #B.0145791

    Listing office NAI Excel

    Listing date Mar 6, 2026

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Excel

    Overview

    Downtown Salt Lake City Hotel

    Located in downtown Salt Lake City, Utah, this 117-room hotel is strategically positioned for visitors to the state's largest metropolitan area. The property is situated in a commercial area less than 0.5 miles from I-15, along a highly trafficked main road near State Street and close to major commercial centers.
    Location Intelligence

    Current Use by Public Records

    Quality Inn Downtown Hotel & Motel UTA Salt Lake ... Freight Service

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.897
    Latitude
    40.7548

    Nearby Similar for Sale

    • $3,600,000

      Industrial Property in Prime Location

      Versatile industrial property with office and manufacturing space for sale.
      1875 W 1500 S, Salt Lake City, UT 84104
      View Details
    • $350,000

      Profitable Grocery Store and Restaurant

      Grocery store and restaurant business for sale in Salt Lake.
      3435 S STATE St, Salt Lake City, UT 84115
      View Details
    • $3,500,000

      Professional Office Building in Sugarhouse

      Professional office building in a highly desirable Salt Lake location.
      1174 E GRAYSTONE Way, Salt Lake City, UT 84106
      View Details
    • $824,900
      3,584 SF

      Updated Multifamily Property Near Downtown

      Updated multifamily property with strong rental potential near downtown.
      1794 W 400 N, Salt Lake City, UT 84116
      View Details
    • $2,499,000

      Commercial Property with Secure Yard

      9000 SF commercial building with showroom, shop, and warehouse.
      1621 N BECK St, Salt Lake City, UT 84116
      View Details
    • $850,000
      3,350 SF

      Rose Park Fourplex For Sale

      Fourplex in Salt Lake City's Rose Park neighborhood.
      385 N 1200 W, Salt Lake City, UT 84116
      View Details
    • $4,395,000
      14,850 SF

      Stanton-Yale Apartments: Dual Building Offering

      21-unit renovated apartment buildings in historic Salt Lake City neighborhood.
      146 E 2ND AVE, Salt Lake City, UT 84103
      View Details
    • $875,000
      6,623 SF

      Salt Lake City Triplex

      Rose Park triplex with garages and long-term tenants.
      1711 W 400 N, Salt Lake City, UT 84116
      View Details
    • $1,080,000
      3,540 SF

      Updated Duplex Near University of Utah

      Updated duplex with income potential near the University of Utah.
      653 S 1300 E, Salt Lake City, UT 84102
      View Details
    • $725,000
      1,608 SF

      Remodeled Duplex in Salt Lake

      Fully remodeled Salt Lake City duplex with modern amenities.
      458 E LAMBOURNE Ave, Salt Lake City, UT 84115
      View Details
    • $769,000
      3,066 SF

      Millcreek Duplex: Investment or Home

      Well-maintained Millcreek duplex with strong rental income potential.
      2905 S 2000 E, Salt Lake City, UT 84109
      View Details
    • $499,000
      1,728 SF

      Salt Lake City Duplex

      Updated duplex in Salt Lake City's Rose Park neighborhood.
      956 N 1300 W, Salt Lake City, UT 84116
      View Details

    FAQs

    What type of property is this?
    Hotel - 117-room hotel in downtown Salt Lake City, Utah.
    Where is this hotel located?
    The property is located at 616 S 200 W Salt Lake City, UT.
    What is the asking price?
    The asking price for this property is $20,000,000.
    What are key features of this property?
    This property features: Strategic downtown Salt Lake City location; 117‑room hotel; Excellent interstate and commercial area
    (435) 627-5719
    We can help!
    Listing Contact
    Jon Walter
    Jon Walter
    Real Estate License ID: NV #B.0145791
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!