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Property profile & analytics
FOR LEASE
Banks
1 S Main St Salt Lake City, UT 84111
Entity Owned
19-yr Hold
Free & Clear
Property ID
US86-0360391
For Lease
1 / 4
$32 SF/Yr
1 S Main St, Salt Lake City, UT 84111
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1965
Construction
STEEL FRAME
Total area
323,808 SF
Lot
0.39 ac (16,989 SF)
Zoning code
D1
APN
16-06-101-024
UPID
US86-0360391
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Zions Bank Head Office Bank Loan Service
-
Zions Direct Financial Advisor
-
FedEx Drop Box Postal Service Courier Service
-
Brian Mitzman MD MS Physician
-
Zions Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.28M
Owner & transaction history
City Creek Reserve INC · 19 yrs held
City Creek Reserve INC
since 2007
3 recorded transactions
Zoning & alternative use
D1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salt Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salt Lake City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$32 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$767,207
Tax year 2023
Assessed value
$77,605,400
Assessed 2023
Previous assessed
$77,605,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,713,400
Assessed improvement
$75,892,000
Land market value
$1,713,400
Improvement market value
$75,892,000
Total market value
$77,605,400
Applied tax rate
1.0000
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1965
Construction
STEEL FRAME
Heating
HOT WATER
Stories
18
Units
1
Total area
323,808 SF
Lot
0.39 ac (16,989 SF)
Zoning code
D1
APN
16-06-101-024
UPID
US86-0360391
Jurisdiction
SALT LAKE
Zoning & alternative use
D1 · Salt Lake City, UT
Zoning D1 · permitted uses
D1 · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Salt Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
HOT WATER
Stories
18
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
City Creek Reserve INC
Entity
Free & Clear · 19 yrs held
Mailing address
PO BOX 511196, SALT LAKE CITY, UT 84151-1196
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2024
—
Goldman Sachs Bank USA
—
Deed
related
$70,000,000 · Goldman Sachs Mortgage Company
Apr 24, 2024
—
City Creek Center Associates LLC
—
Deed
related
$700,000,000 · Goldman Sachs Bank USA
May 1, 2007
—
City Creek Reserve INC
Property Reserve INC
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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