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    Property profile & analytics

    543 Park Ave Park City, UT 84060

    • Commercial real estate
    • 10,139 SF
    • 0.30 lot acres
    For Sale
    View listing
    $31,000,000
    Value Estimation
    Location Intelligence
    Property ID
    US86-0798079
    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

    • Washington School House Hotel / Hotel

    Property Details for 543 Park Ave

    Year built
    1889
    Lot size
    0.30 lot acres
    Property size
    10,139 SF
    Property type
    Commercial real estate
    APN
    WSI-1
    APU
    WSI1

    Description

    This iconic 1889 Park City hotel, exquisitely renovated in 2010, boasts 12 meticulously appointed rooms, each a sanctuary of comfort and style. The 11,763 square foot, four-story building sits on a 0.3-acre lot at 543 Park Ave, steps from Main Street. Features include antique furnishings, original artwork, a grand living room with a monumental fireplace, a swimming pool, and a spa. Its prime location offers easy access to Park City's slopes via the Quittin' Time trail. This unparalleled investment opportunity, priced at $31,000,000, presents a chance to own a piece of Park City's history, suitable for use as a prestigious hotel or a magnificent private residence. The property's rich history includes its origins as one of Park City's first schoolhouses, later serving as a dance hall and bed and breakfast before its transformation into a world-renowned boutique hotel. All information should be independently verified.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Summit
    State
    Utah
    Longitude
    -111.498
    Latitude
    40.6446
    CBSA code
    25720
    CBSA name
    HEBER, UT MICROPOLITAN 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
    $38,809
    $1,960,200
    $4,923,307
    $6,883,507
    -
    $1,960,200
    $4,923,307
    $6,883,507

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    543 Park Ave
    Park City, UT 84060
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    Realmo Value Estimation

    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.

    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
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