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Property profile & analytics
OFF-MARKET
Retail space
1186 Main St Salt Lake City, UT 84101-3114
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0549546
Property summary
AI-generated overview
Located in Salt Lake City's Ballpark District, 1186 S. Main Street is a commercial building that features renovations. The building encompasses 7,865 square feet and was upgraded from an office to an event space. It is situated on a 0.18-acre lot and was previously used as an event space. The property is located inside a qualified growth corridor.
Property profile
Verified
Property type
Retail space
Use group
WAREHOUSE, STORAGE
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,560 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CC
APN
15-12-479-010
UPID
US86-0549546
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
-
Salt Lake City Hospitality Center Hostel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1186 Main St Holdings LLC · 2 yrs held
1186 Main St Holdings LLC
since 2024
5 recorded transactions
Zoning & alternative use
CC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$9,700
Tax year 2024
Assessed value
$1,017,900
Assessed 2024
Previous assessed
$1,017,900
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$339,300
Assessed improvement
$678,600
Land market value
$339,300
Improvement market value
$678,600
Total market value
$1,017,900
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
Retail space
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Total area
7,560 SF
Lot
0.18 ac (7,841 SF)
Zoning code
CC
APN
15-12-479-010
UPID
US86-0549546
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.
Building & site characteristics
From public records
Year built
1946
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
1186 Main St Holdings LLC
Entity
Mailing address
PO BOX 520697, SALT LAKE CITY, UT 84152-0697
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
Jun 3, 2024
—
1186 Main St Holdings LLC
David E Farkas
Warranty Deed
$1,250,000 · University First FCU
Apr 1, 2024
—
Little Dash Tag LLC
—
Deed
related
—
Feb 20, 2024
—
David E Farkas
Little Dash Tag LLC
Warranty Deed
—
Jun 12, 2023
—
Little Dash Tag LLC
Sharon Pratt Wilbur
Personal Representative Deed
—
—
—
Marc R Jensen
—
Deed Of Trust
related
$130,000 · Zions First National Bank
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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