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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Turn key restaurants
1070 Ft Un Blvd Midvale, UT 84047-1802
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0688661
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1976
Construction
WOOD FRAME
Total area
5,594 SF
Lot
0.59 ac (25,700 SF)
Zoning code
RC
APN
22-29-201-028
UPID
US86-0688661
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$575k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$640k
Owner & transaction history
Cdre Caravan Fort Union LLC · 1 yrs held
Cdre Caravan Fort Union LLC
since 2024
5 recorded transactions
Zoning & alternative use
RC · Midvale, 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 Midvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midvale 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
$575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$600,000
Current use
AUTO REPAIR, GARAGE
$585,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$114 / 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
$33,509
Tax year 2023
Assessed value
$3,071,400
Assessed 2023
Previous assessed
$3,071,400
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$610,400
Assessed improvement
$2,461,000
Land market value
$610,400
Improvement market value
$2,461,000
Total market value
$3,071,400
Applied tax rate
30.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1976
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Total area
5,594 SF
Lot
0.59 ac (25,700 SF)
Zoning code
RC
APN
22-29-201-028
UPID
US86-0688661
Jurisdiction
SALT LAKE
Zoning & alternative use
RC · Midvale, UT
Zoning RC · permitted uses
RC · Midvale, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midvale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$580,000
RESTAURANT Current
AUTO REPAIR, GARAGE
COMMERCIAL (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
1976
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Cdre Caravan Fort Union LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5670 WILSHIRE BLVD, LOS ANGELES, CA 90036-5679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
—
Cdre Caravan Fort Union LLC
Fort Union Shopping Center LLC
Special Warranty Deed
—
Feb 24, 2023
—
Fort Union Shopping Center LLC
—
Deed
related
$56,000,000 · City National Bank
Feb 13, 2018
—
Fort Union Shopping Center LLC
Excel Ft Union LLC
Trustees Deed
$85,200,000 · Cit Bk NA
Sep 26, 2014
—
Excel Ft Union LLC
Ddr Fort Union I & II LLC
Grant Deed
—
—
—
Excel Ft Union LLC
—
Deed Of Trust
related
$495,439,000 · Wells Fargo Bk
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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