Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1558 1100th E Salt Lake City, UT 84105-2438

    • Investment properties
    • 2,346 SF
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Dec 19, 2024
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0361700
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Smith & Anderson / Accountant

    Property Details for 1558 1100th E

    Year built
    1921
    Construction
    WOOD FRAME
    Lot size
    0.10 lot acres
    Property size
    2,346 SF
    Zone code
    RB
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    16-17-251-031
    APU
    1617251031

    Description

    This exceptional three-story office building, located in the desirable Sugar House neighborhood of Salt Lake City, Utah, presents a unique investment opportunity. Boasting 3,400 square feet of net rentable space, this fully renovated (2024) property is situated on a 0.1-acre lot and features 10 onsite parking spaces. The building is zoned RB and offers convenient access to high traffic areas, with 1100 East boasting 9,394 ADT and 1500 South showing 9,409 ADT. The asking price is $1,550,000, translating to $455.88 per square foot. This property is ideal for a variety of uses and presents a strong return on investment. The building's prime location and ample parking make it an attractive option for businesses seeking a high-visibility presence in a thriving community. The property's recent renovation ensures modern amenities and functionality. The address is 1558 S 1100 E, Salt Lake City, UT 84105, APN 16172510310000. A lease rate of $30 per square foot NNN is also available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $187,000
      Market price range: $168k - $313k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.86
    Latitude
    40.7357
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,750
    $162,400
    $318,100
    $480,500
    -
    $162,400
    $318,100
    $480,500

    Comparable in this City

    • Value Estimation
      $330,000
      5,620 SF

      705 900th S

      STORE/OFFICE (MIXED USE) • 5,620 SF
      705 900th S, Salt Lake City, UT 84105-1271
      View Details
    • Value Estimation
      $360,000
      8,470 SF

      1486 1100th E

      STORE/OFFICE (MIXED USE) • 8,470 SF
      1486 1100th E, Salt Lake City, UT 84105-2437
      View Details
    • Value Estimation
      $305,000
      6,372 SF

      1336 1100th E

      STORE/OFFICE (MIXED USE) • 6,372 SF
      1336 1100th E, Salt Lake City, UT 84105-2421
      View Details
    • Value Estimation
      $280,000
      2,970 SF

      1604 1100th E

      STORE/OFFICE (MIXED USE) • 2,970 SF
      1604 1100th E, Salt Lake City, UT 84105-2414
      View Details
    • Value Estimation
      $300,000
      7,114 SF

      1514 1100th E

      STORE/OFFICE (MIXED USE) • 7,114 SF
      1514 1100th E, Salt Lake City, UT 84105-2425
      View Details
    • Value Estimation
      $260,000
      3,672 SF

      1433 1100th E

      STORE/OFFICE (MIXED USE) • 3,672 SF
      1433 1100th E, Salt Lake City, UT 84105-2434
      View Details

    Similar Nearby for Sale

    • $849,900
      1,975 SF

      Historic Brick Duplex Near Universities

      Charming duplex near University of Utah, Westminster, and Sugarhouse.
      1860 S 1600 E, Salt Lake City, UT 84105
      View Details
    • $3,700,000
      19,220 SF

      Industrial Property with Freeway Access

      Versatile industrial property with warehouse and office space for sale.
      1920 S 900 W, Salt Lake City, UT 84105
      View Details
    • $734,999
      2,597 SF

      Remodeled Duplex in Sugar House

      Updated duplex in Salt Lake City's desirable Sugar House neighborhood.
      1145 Kensington Ave, Salt Lake City, UT 84105
      View Details
    • $7,000,000
      1.32 Acres

      Sunnyside Ave Development Land

      1.32-acre prime Salt Lake City site.
      1535 Sunnyside Ave, Salt Lake City, UT 84105
      View Details
    • $625,000
      1,618 SF

      Salt Lake City Duplex

      Duplex near Westminster University with ample parking and updated features.
      1914 S 1300 E, Salt Lake City, UT 84105
      View Details
    • Contact for pricing
      7,475 SF

      Sugarhouse Office Building For Sale

      7,475 SF office building in prime Sugarhouse location.
      1371 E 2100 S, Salt Lake City, UT 84105
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      5,800 SF

      Sugarhouse Medical Office Space

      Prime Salt Lake City medical office suite.
      1408 1100, Salt Lake City, UT 84105
      View Details
    • $35 SF/Yr
      1,701 SF

      Retail Space Available for Lease

      Retail spaces available, anchored by 421 residential units.
      4646 S 900 E, Salt Lake City, UT 84105
      View Details
    • $32 SF/Yr
      1,784 SF

      Retail Space in Sugarhouse

      Charming retail building with frontage and parking in Sugarhouse.
      1790 S 1100 E, Salt Lake City, UT 84105
      View Details
    • $35 SF/Yr
      1,888 SF

      Retail Space Available for Lease

      Retail spaces available, anchored by 421 residential units.
      4670 S 900 E, Salt Lake City, UT 84105
      View Details
    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.
    1558 1100th E
    Salt Lake City, UT 84105-2438
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.