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Property profile & analytics
OFF-MARKET
Estimated value
$16,330,000
Medical Office Space
1255 3900th S, Salt Lake City, UT 84124-1365
Entity Owned
4-yr Hold
Free & Clear
Property ID
US86-0902403
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1974
Total area
75,096 SF
Lot
2.85 ac (124,146 SF)
Zoning code
R-M
APN
16-32-428-014
UPID
US86-0902403
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 - Stark Building Construction Company General Contractor
-
Author Lynn Webster, MD Physician
-
Team Infusion Home Health Care Service
-
Fiona Hayes Physician
-
Dr. John Butler Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.34M
Comparable Approach
Comparable
$16.33M
Blend (final)
Blend
$16.33M
Owner & transaction history
Trpf Evergreen Office Plaza Mob LLC · 4 yrs held
Trpf Evergreen Office Plaza Mob LLC
since 2021
6 recorded transactions
Zoning & alternative use
R-M · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$20.7M
+38.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$17,695,000
6.5%
$16,335,000
7%
$15,165,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$14,930,000
Current use
APARTMENT HOUSE (5+ UNITS)
$20,715,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$16.33M
Range $14.70M – $17.96M · ±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
$217 / 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
$193,291
Tax year 2023
Assessed value
$16,430,700
Assessed 2023
Previous assessed
$16,430,700
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,434,800
Assessed improvement
$13,995,900
Land market value
$2,434,800
Improvement market value
$13,995,900
Total market value
$16,430,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
75,096 SF
Lot
2.85 ac (124,146 SF)
Zoning code
R-M
APN
16-32-428-014
UPID
US86-0902403
Jurisdiction
SALT LAKE
Zoning & alternative use
R-M · Salt Lake City, UT
Zoning R-M · permitted uses
R-M · 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
MEDICAL BUILDING Current
Est. value
$14.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.7M
MEDICAL BUILDING Current
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
1974
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
2.85 ac
Current owner
From public records · entity-resolved
Trpf Evergreen Office Plaza Mob LLC
Entity
Free & Clear · 4 yrs held
Mailing address
730 3RD AVE, NEW YORK, NY 10017-3206
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
Trpf Evergreen Office Plaza Mob LLC
Stark 39 LLC
Special Warranty Deed
—
May 22, 2017
—
Stark 39 LLC
—
Deed
related
$9,937,500 · Bank Of American Fork
Jul 13, 2016
—
Stark 39 LLC
—
Deed
related
$8,000,000 · Private Individual
—
—
Stark 39 LLC
—
Deed Of Trust
related
$4,400,000 · Red Rim LLC
—
—
Stark 39 LLC
—
Loan Modification
related
$8,000,000 · Private Individual
—
—
Stark 39 LLC
—
Deed Of Trust
related
$9,937,500 · Bank Of American Fork
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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