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    46 300 Salt Lake City, UT 84101
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    46 300, Salt Lake City, UT 84101

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    • Retail properties & Spaces
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    Cap Rate Potential
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    • Retail properties & Spaces

    Property Details for 46 300

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional 2,150 square foot retail space is ideally situated on 300 South, directly off Main Street in Salt Lake County. Located beneath the prestigious American Towers Condominiums, this street-level unit offers unparalleled visibility and accessibility. The property boasts a large storefront with abundant natural light, creating an inviting atmosphere for potential tenants. Previously occupied by a salon, the space is versatile and adaptable to a wide range of retail uses. A significant advantage is its direct connection to the convenient American Plaza parking garage, ensuring ample parking for customers and employees. This multiple-tenancy building presents a unique opportunity for businesses seeking a high-traffic location in a thriving downtown area. The space is currently vacant and ready for immediate occupancy. Its prime location, excellent natural light, and convenient parking access make this an exceptional opportunity for a discerning retailer seeking a prominent presence in a desirable Salt Lake City location. The former salon layout offers a flexible floor plan, allowing for customization to suit specific business needs. Don't miss this chance to establish your business in a vibrant and well-connected urban setting. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.892
    Latitude
    40.7629

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      80 Fayette Ave

      RETAIL STORES (PERSONAL SERVICES)
      80 Fayette Ave, Salt Lake City, UT 84101-2917
      View Details
    • Value Estimation by Request
      0.17 Acres

      62 Main St

      RETAIL STORES (PERSONAL SERVICES)
      62 Main St, Salt Lake City, UT 84101-1506
      View Details
    • Value Estimation
      $2,070,000
      16,320 SF

      357 200th S

      RETAIL STORES (PERSONAL SERVICES)
      357 200th S, Salt Lake City, UT 84101-3435
      View Details
    • Value Estimation
      $6,440,000
      31,627 SF

      400 200th S

      RETAIL STORES (PERSONAL SERVICES)
      400 200th S, Salt Lake City, UT 84101-2032
      View Details
    • Value Estimation by Request
      5,545 SF

      351 400th S

      RETAIL STORES (PERSONAL SERVICES)
      351 400th S, Salt Lake City, UT 84101-1707
      View Details
    • Value Estimation
      $14,165,000
      127,825 SF

      345 100th S

      RETAIL STORES (PERSONAL SERVICES)
      345 100th S, Salt Lake City, UT 84101-1209
      View Details

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    46 300
    Salt Lake City, UT 84101
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    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
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