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Property profile & analytics
FOR LEASE
Office buildings
1010 500 North Salt Lake, UT 84054
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0726941
For Lease
1 / 6
$3,700,000
1010 500, North Salt Lake, UT 84054
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Construction
STEEL FRAME
Total area
33,733 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CS
APN
06-095-0190
UPID
US86-0726941
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
-
Maryann Lloyd Real Estate Agency
-
Dentist Direct Dental Office
-
BP Energy Corporation Corporate Office
-
Berkshire Hathaway HomeServices: Joey Hedberg Real Estate Agency
-
Sold Sisters at Berkshire Hathaway HomeServices Utah Properties (a part of The Greg and Brock Team) Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.38M
Blend (final)
Blend
$3.70M
Owner & transaction history
Nine Mile Holdings LLC · 1 yrs held
Nine Mile Holdings LLC
since 2025
4 recorded transactions
Zoning & alternative use
CS · North Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide areas in appropriate locations where a combination of businesses, retail commerce, entertainment and related activities may be established, maintained and protected
Zone name
Commercial Shopping
General category
COMMERCIAL
Zone area
32.79 ac
Source
Realmo
Top alternative use upside
Medical building
$5.5M
+23.3%
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 North Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Salt Lake 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
OFFICE BUILDING
$4,460,000
Current use
MEDICAL BUILDING
$5,500,000
Change: +23% · Conversion: Easy
RESTAURANT
$4,105,000
Change: -8% · Conversion: Moderate
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±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
$110 / 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
$53,287
Tax year 2023
Assessed value
$2,931,397
Assessed 2023
Previous assessed
$2,931,397
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$324,689
Assessed improvement
$2,606,707
Land market value
$590,345
Improvement market value
$4,739,469
Total market value
$5,329,814
Applied tax rate
344.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
3
Units
1
Total area
33,733 SF
Lot
1.37 ac (59,677 SF)
Zoning code
CS
APN
06-095-0190
UPID
US86-0726941
Jurisdiction
DAVIS
Zoning & alternative use
CS · North Salt Lake, UTZoning CS · permitted uses
CS · North Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide areas in appropriate locations where a combination of businesses, retail commerce, entertainment and related activities may be established, maintained and protected
Zone name
Commercial Shopping
General category
COMMERCIAL
Zone area
32.79 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$5.5M
RESTAURANT
Est. value
$4.1M
OFFICE BUILDING Current
MEDICAL BUILDING
RESTAURANT
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
2004
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
3
Units
1
Lot
1.37 ac
Current owner
From public records · entity-resolved
Nine Mile Holdings LLC
Entity
Mailing address
1010 N 500TH E STE 110E, NORTH SALT LAKE, UT 84054-1949
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
May 14, 2025
—
Nine Mile Holdings LLC
—
Deed
related
$2,200,000 · Cache Valley Bank
—
—
Nine Mile Holdings LLC
—
Deed Of Trust
related
$2,275,000 · Zions First Nat'l Bk
—
—
Nine Mile Holdings LLC
—
Deed Of Trust
related
$3,524,000 · Zions First National Bank
—
—
Nine Mile Holdings LLC
—
Deed Of Trust
related
$1,299,000 · Us Small Business Admn
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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