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Property profile & analytics
OFF-MARKET
Estimated value
$4,350,000
Theaters & concert halls
10 Broadway Salt Lake City, UT 84101-2002
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0320345
Property summary
AI-generated overview
Located in the heart of downtown Salt Lake City at 10 Broadway, 84101, this Class A office space in the historic Clift Building offers a variety of options. The building boasts a stunning glazed terracotta facade and features light-filled interiors with high ceilings and large windows. Suites range from a minimum of 54 square feet to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The building offers multiple tenancy options within its 300 suites, providing flexibility for various business needs. Amenities include high-speed WiFi, modern meeting rooms, and a rooftop terrace perfect for networking or relaxation. Enjoy the convenience of being steps away from Salt Lake City's vibrant culinary and entertainment scene. This Salt Lake County property provides a productive and stylish work environment in a prime location, ideal for traditional office, executive office, coworking, or creative office uses. The building's rich history and modern amenities combine to create an exceptional workspace.
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1919
Construction
CONCRETE
Total area
110,080 SF
Lot
0.31 ac (13,504 SF)
Zoning code
D-1
APN
15-01-280-033
UPID
US86-0320345
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
-
Clift Building Construction Company General Contractor
-
Clean.Tech Solar Energy Company
-
Brighter Strides ABA Therapy Utah Crisis Center Medical Clinic
-
Hatch James & Dodge: Bates Kevin W Law Firm
-
Mitch Stephens - Commercial Litigation Attorney Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.35M
Owner & transaction history
Sorrento Car Wash LP · 2 yrs held
Sorrento Car Wash LP
since 2023
7 recorded transactions
Zoning & alternative use
D-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$5.9M
+22.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
THEATER (MOVIE)
$4,855,000
Current use
INDUSTRIAL (GENERAL)
$5,935,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$4.35M
Range $3.92M – $4.79M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$40 / 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
$262,716
Tax year 2023
Assessed value
$26,574,500
Assessed 2023
Previous assessed
$26,574,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,315,600
Assessed improvement
$25,258,900
Land market value
$1,315,600
Improvement market value
$25,258,900
Total market value
$26,574,500
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1919
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
3
Stories
3
Units
8
Total area
110,080 SF
Lot
0.31 ac (13,504 SF)
Zoning code
D-1
APN
15-01-280-033
UPID
US86-0320345
Jurisdiction
SALT LAKE
Zoning & alternative use
D-1 · Salt Lake City, UT
Zoning D-1 · permitted uses
D-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
THEATER (MOVIE) Current
Est. value
$4.9M
INDUSTRIAL (GENERAL)
Est. value
$5.9M
THEATER (MOVIE) Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1919
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Buildings
3
Units
8
Lot
0.31 ac
Current owner
From public records · entity-resolved
Sorrento Car Wash LP
Entity
Mailing address
1525 FARADAY AVE STE #100, CARLSBAD, CA 92008-7371
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
—
Sorrento Car Wash LP
—
Deed
related
$5,246,561 · First Utah Bank
Dec 6, 2023
—
Sorrento Car Wash LP
Cref3 Clift Owner LLC
Special Warranty Deed
$10,000,000 · First Utah Bank
Sep 26, 2019
—
Cref3 Clift Owner LLC
—
Grant Deed
related
$44,235,000 · Clnc Credit 7 LLC
Apr 30, 2019
—
Cref3 Clift Owner LLC
10 Clift LLC
Grant Deed
—
Oct 30, 2018
—
10 Clift LLC
—
Deed
related
$13,500,000 · Holt Lending 1 LLC
Nov 17, 2016
—
10 Clift LLC
—
Trustees Deed
related
$3,543,500 · Redevelopment Agcy/salt Lake C
Oct 19, 2015
—
10 Clift LLC
Clift Building Lc
Quit Claim Deed
$13,000,000 · Private Individual
—
—
10 Clift LLC
—
Deed Of Trust
related
$13,500,000 · Holt Lending 1 LLC
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.
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