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Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Strip malls
1028 2100th S, Salt Lake City, UT 84106-2680
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0530566
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,636 SF
Lot
0.22 ac (9,583 SF)
Zoning code
CSHBD2
APN
16-20-204-004
UPID
US86-0530566
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
-
T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Salt Lake Modern Dentistry Dental Office
-
Dustin Hopkin Dental Office
-
Tej Pratap Singh Dental Office
-
Smashburger Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$555k
Blend (final)
Blend
$555k
Owner & transaction history
Mcclelland Street Associates LLC · 1 yrs held
Mcclelland Street Associates LLC
since 2025
4 recorded transactions
Zoning & alternative use
CSHBD2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$790,000
+84.2%
Auto repair, garage
$690,000
+60.2%
Warehouse, storage
$630,000
+46.6%
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
$555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Current use
RETAIL STORES
$790,000
Change: +84% · Conversion: Easy
AUTO REPAIR, GARAGE
$690,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$630,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$530,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±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
$64 / 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
$27,133
Tax year 2023
Assessed value
$2,744,600
Assessed 2023
Previous assessed
$2,744,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$340,900
Assessed improvement
$2,403,700
Land market value
$340,900
Improvement market value
$2,403,700
Total market value
$2,744,600
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
3
Total area
8,636 SF
Lot
0.22 ac (9,583 SF)
Zoning code
CSHBD2
APN
16-20-204-004
UPID
US86-0530566
Jurisdiction
SALT LAKE
Zoning & alternative use
CSHBD2 · Salt Lake City, UT
Zoning CSHBD2 · permitted uses
CSHBD2 · 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
$430,000
RETAIL STORES
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$690,000
WAREHOUSE, STORAGE
Est. value
$630,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$530,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Mcclelland Street Associates LLC
Entity
Mailing address
428 W RIVERSIDE AVE, SPOKANE, WA 99201-0301
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Feb 18, 2025
—
Mcclelland Street Associates LLC
U S Bank National Association
Special Warranty Deed
$2,600,000 · Us Bank NA
Mar 27, 2024
—
Aap LLC
—
Deed
related
$850,000 · America First FCU
May 1, 2019
—
Mcclelland Street Assocs Lc
—
Loan Modification
related
$3,375,000 · Us Bk
—
—
Mcclelland Street Assocs Lc
—
Deed Of Trust
related
$950,000 · Redevelopment Agcy
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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