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    Property profile & analytics

    124 400 Salt Lake City, UT 84111

    • Investment properties
    • 36,000 SF
    • 0.50 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Value Estimation
    Last Sale
    Sep 29, 2021
    Location Intelligence
    Property ID
    US86-0189433
    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

    • Demers Mental Health / Mental Health Service / Counselor
    • Wasatch Theatre Company / Theater Company / Movie Theater
    • My Utah Payday / Financial Institution
    • My Hearing Centers Salt Lake City / Hearing Aid Store / Hearing Aid Repair Service
    • Karen A. McCauley, CMHC / Counselor / Mental Health Service

    Property Details for 124 400

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    36,000 SF
    Zone code
    R-MU
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    16-06-205-010
    APU
    1606205010

    Description

    This exceptional office property, located at 124 S 400 E in Salt Lake City, UT 84111, offers a blend of executive and traditional office spaces. The building encompasses a total of 20,000 square feet, providing ample room for various business needs. Currently, there is one available space measuring 1,202 square feet, ideal for smaller businesses or teams seeking a modern and efficient workspace. This space represents the minimum divisible unit, and also the maximum contiguous space currently available. The property's multi-tenant structure ensures a vibrant and collaborative environment. The address provides convenient access to Salt Lake City's amenities and transportation networks. The building's precise location coordinates are 40.766403112383784 latitude and -111.87969165508656 longitude. This is a fantastic opportunity for businesses seeking a well-located, functional, and adaptable office space in the heart of Salt Lake City. Inquire today to learn more about this exciting opportunity.

    Value Estimation

    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
    -111.88
    Latitude
    40.7664
    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
    2022
    $34,852
    $1,401,300
    $1,906,300
    $3,307,600
    -
    $1,401,300
    $1,906,300
    $3,307,600

    Comparable in this City

    • Value Estimation by Request
      11,534 SF

      185 State St, Unit 1100

      STORE/OFFICE (MIXED USE) • 11,534 SF
      185 State St, Salt Lake City, UT 84111-1538
      View Details
    • Value Estimation by Request
      11,155 SF

      185 State St, Unit 500

      STORE/OFFICE (MIXED USE) • 11,155 SF
      185 State St, Salt Lake City, UT 84111-1538
      View Details
    • Value Estimation by Request
      11,155 SF

      185 State St, Unit 600

      STORE/OFFICE (MIXED USE) • 11,155 SF
      185 State St, Salt Lake City, UT 84111-1538
      View Details
    • Value Estimation by Request
      622,395 SF

      95 State St

      STORE/OFFICE (MIXED USE) • 622,395 SF
      95 State St, Salt Lake City, UT 84111-1630
      View Details
    • Value Estimation by Request
      82,442 SF

      370 Es Temple

      STORE/OFFICE (MIXED USE) • 82,442 SF
      370 Es Temple, Salt Lake City, UT 84111-1206
      View Details
    • Value Estimation by Request
      56,427 SF

      210 Es Temple

      STORE/OFFICE (MIXED USE) • 56,427 SF
      210 Es Temple, Salt Lake City, UT 84111-1205
      View Details

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    Similar Nearby for Lease

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      View Details
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    124 400
    Salt Lake City, UT 84111
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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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