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
    Back to Search
    Property profile & analytics

    857 Main St Salt Lake City, UT 84111-4106

    • Bars
    • 7,260 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0293804
    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

    • Proper Brewing Co. / Brewery

    Property Details for 857 Main St

    Year built
    1925
    Construction
    WOOD FRAME
    Lot size
    0.20 lot acres
    Property size
    7,260 SF
    Zone code
    D2
    Property type
    Bars
    Property subtype
    Pubs
    APN
    16-07-151-039
    APU
    1607151039

    Description

    This exceptional investment opportunity presents a thriving, established regional brewery in Salt Lake City, Utah. The property, located at 857 S Main St, encompasses two buildings totaling 16,550 square feet on a 0.47-acre lot. The main building, constructed in 2015 and extensively renovated in 2020 with a 7,000 square foot addition, houses a brewery, retail space, event areas, and office facilities. An adjacent building at 865 S Main St (Proper Burger) is also included in the sale. The property boasts a strong financial performance, with a Net Operating Income (NOI) of $433,832 and a 7.00% capitalization rate. The asking price is $6,200,000, translating to $374.62 per square foot. The property is offered as a sale-leaseback, with the seller willing to lease back the entire site, providing a secure and consistent income stream for the buyer. This presents a rare chance to acquire a well-established, high-performing commercial property with significant upside potential in a desirable Salt Lake City location. The property features a Triple Net (NNN) lease structure, minimizing landlord responsibilities. The two-story buildings offer a versatile layout, catering to both production and customer-facing operations. This is an ideal investment for those seeking a stable, high-yield asset with a built-in tenant and significant growth potential.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.891
    Latitude
    40.7506
    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
    $11,921
    $443,300
    $762,500
    $1,205,800
    -
    $443,300
    $762,500
    $1,205,800

    Comparable in this City

    • Value Estimation by Request
      193,500 SF

      251 Floral St

      BAR, TAVERN • 193,500 SF
      251 Floral St, Salt Lake City, UT 84111-2308
      View Details
    • Value Estimation
      $395,000
      2,765 SF

      837 Main St

      BAR, TAVERN • 2,765 SF
      837 Main St, Salt Lake City, UT 84111-4106
      View Details
    • Value Estimation
      $420,000
      4,367 SF

      1030 State St

      BAR, TAVERN • 4,367 SF
      1030 State St, Salt Lake City, UT 84111-4513
      View Details
    • Value Estimation
      $395,000
      6,466 SF

      919 State St

      BAR, TAVERN • 6,466 SF
      919 State St, Salt Lake City, UT 84111-4218
      View Details
    • Value Estimation
      $355,000
      6,178 SF

      323 Main St

      BAR, TAVERN • 6,178 SF
      323 Main St, Salt Lake City, UT 84111-2702
      View Details
    • Value Estimation
      $395,000
      4,998 SF

      666 State St

      BAR, TAVERN • 4,998 SF
      666 State St, Salt Lake City, UT 84111-3820
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,703 SF

      Retail Space on State Street

      Retail space with high visibility, close to downtown.
      1085 South State St, Salt Lake City, UT 84111
      View Details
    • Contact for pricing
      258,823 SF

      Class A Office Tower Downtown

      Renovated 13-story office tower in Salt Lake City.
      257 E 200 S, Salt Lake City, UT 84111
      View Details
    • $2,562,000
      22,304 SF

      Multi-Story Commercial Building For Sale

      Multi-story commercial building with potential owner/user opportunity in Salt Lake City.
      475 E 200 S, Salt Lake City, UT 84111
      View Details
    • Contact for pricing
      26,432 SF

      Downtown Office/Retail Building For Sale

      Office/Retail building in a prime downtown location with parking.
      250 East Pl South, Salt Lake City, UT 84111
      View Details
    • $3,500,000
      15,000 SF

      Historic Main Street Retail Space

      Iconic Salt Lake City building with approximately 15,000 square feet.
      151 S Main St, Salt Lake City, UT 84111
      View Details
    • $2,300,000
      3,492 SF

      Downtown Salt Lake City Dealership

      Highly visible commercial auto dealership in downtown Salt Lake City.
      1101 S Main St, Salt Lake City, UT 84111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,515 SF

      Freestanding Retail Building For Lease

      Freestanding retail building in downtown Salt Lake City available for lease.
      158 South State St, Salt Lake City, UT 84111
      View Details
    • $33 SF/Yr
      75,672 SF

      Downtown Retail Space For Lease

      Prime downtown location with high foot traffic and flexible floorplans.
      160 S Regent St, Salt Lake City, UT 84111
      View Details
    • $25 SF/Yr
      7,727 SF

      Regent Street Retail Spaces

      Prime Salt Lake City retail spaces available.
      0 Regent St, Salt Lake City, UT 84111
      View Details
    • Contact for pricing
      10,500 SF

      Downtown Salt Lake Restaurant Space

      Restaurant space in downtown Salt Lake City near amenities.
      159 South Main St, Salt Lake City, UT 84111
      View Details
    • Contact for pricing
      5,500 SF

      Historic Space with Unique Features

      Unique space for office, retail, restaurant, or bar use.
      445 S 400 W, Salt Lake City, UT 84111
      View Details
    • Contact for pricing
      3,000 SF

      Downtown Retail Space For Rent

      Retail space ideal for restaurant/bar in historic downtown building.
      163 S Main St, Salt Lake City, UT 84111
      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.
    857 Main St
    Salt Lake City, UT 84111-4106
    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.

    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
    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.