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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Strip malls
1000 Main St, Salt Lake City, UT 84101-3175
Entity Owned
3-yr Hold
Free & Clear
Property ID
US86-0237657
Property summary
AI-generated overview
This exceptional retail property, located at 1000 South Main Street in Salt Lake City, Utah, offers 24,354 square feet of prime commercial space. The building is comprised of six individual suites, providing flexibility for various business needs. Currently, 9,896 square feet of contiguous space is available for lease, ideal for a larger tenant seeking significant visibility. Smaller businesses will also find suitable options, with a minimum divisible space of 2,096 square feet. The property's location in Salt Lake County, zip code 84101, ensures high foot traffic and excellent exposure. This multi-tenant building presents a unique opportunity for businesses seeking a prominent location in a thriving urban area. The available space offers significant potential for a variety of retail concepts. The property's address is 1000 S Main St, Salt Lake City, UT. Interested parties should note the total building size and the range of available space to determine the best fit for their operational requirements. This is a remarkable opportunity to establish or expand a business in a highly desirable Salt Lake City location. The property is categorized as retail commercial space.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
24,354 SF
Lot
1.93 ac (84,071 SF)
Zoning code
CC
APN
15-12-430-027
UPID
US86-0237657
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
-
Intermountain Utah Dialysis Medical Clinic
-
Kimball Investments Real Estate Agency
-
Flavors Catering Take-out & Catering Catering Service
-
Joy and Sandwiches Restaurant
-
The Church of Jesus Christ of Latter-day Saints Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$990k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$807k
Blend (final)
Blend
$900k
Owner & transaction history
Tally Three LLC · 3 yrs held
Tally Three LLC
since 2022
4 recorded transactions
Zoning & alternative use
CC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.3M
+5.5%
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
$990,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,245,000
Current use
INDUSTRIAL (GENERAL)
$1,315,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$37 / 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
$40,976
Tax year 2023
Assessed value
$4,144,900
Assessed 2023
Previous assessed
$4,144,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,175,100
Assessed improvement
$1,969,800
Land market value
$2,175,100
Improvement market value
$1,969,800
Total market value
$4,144,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
6
Total area
24,354 SF
Lot
1.93 ac (84,071 SF)
Zoning code
CC
APN
15-12-430-027
UPID
US86-0237657
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · Salt Lake City, UT
Zoning CC · permitted uses
CC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER 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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
6
Lot
1.93 ac
Current owner
From public records · entity-resolved
Tally Three LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1000 S MAIN ST, SALT LAKE CITY, UT 84101-3175
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 12, 2022
—
Tally Three LLC
Sjm Ltd
Special Warranty Deed
—
Mar 12, 2015
—
10th &e Main LLC
R & R Industrial Park Lc
Grant Deed
—
Dec 7, 2004
—
Housing Assistance Mgmt Ent
Kimwell Corp
Grant Deed
related
—
—
—
10th & Main LLC
—
Deed Of Trust
related
$2,300,000 · Miscellaneous Ins Co
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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