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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Parking lots & garages
1165 Wilmington Ave, Salt Lake City, UT 84106-2850
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0579693
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1999
Construction
CONCRETE
Total area
53,750 SF
Lot
9.66 ac (420,790 SF)
Zoning code
C-SHDB
APN
16-20-207-013
UPID
US86-0579693
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
-
Friendemic (Bike/Boat/Book/etc) Store Corporate Office
-
Commons At Sugar House Real Estate Agency
-
Vetco Veterinary Clinic
-
Berkadia Loan Service Bank
-
PRMI Home Financing Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.66M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$1.31M
Owner & transaction history
Athleta LLC · 4 yrs held
Athleta LLC
since 2022
3 recorded transactions
Zoning & alternative use
C-SHDB · Salt Lake City, 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 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
$1,660,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$24 / 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
$532,192
Tax year 2023
Assessed value
$53,832,900
Assessed 2023
Previous assessed
$53,832,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$9,573,000
Assessed improvement
$44,259,900
Land market value
$9,573,000
Improvement market value
$44,259,900
Total market value
$53,832,900
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
NONE
Buildings
23
Stories
1
Units
150
Total area
53,750 SF
Lot
9.66 ac (420,790 SF)
Zoning code
C-SHDB
APN
16-20-207-013
UPID
US86-0579693
Jurisdiction
SALT LAKE
Zoning & alternative use
C-SHDB · Salt Lake City, UT
Zoning C-SHDB · permitted uses
C-SHDB · 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.
Building & site characteristics
From public records
Year built
1999
Construction
CONCRETE
Heating
NONE
Stories
1
Buildings
23
Units
150
Lot
9.66 ac
Current owner
From public records · entity-resolved
Athleta LLC
Entity
Mailing address
1165 E WILMINGTON AVE STE #275, SALT LAKE CITY, UT 84106-3081
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
—
Athleta LLC
The Commons At Sugarhouse Lc
Lease
—
—
—
At Sugarhouse Lc Commons
—
Deed Of Trust
related
$35,000,000 · Key Bank & Trust
—
—
Commons At Sugarhouse Lc
—
Deed Of Trust
related
$35,000,000 · 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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