Property profile

131 700th S Salt Lake City, UT 84111

OFF-MARKET
Assisted living facilities
Property ID
US86-0498294
54,709 SF 1.29 ac lot Built 2018
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 2018
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 54,709 SF
Lot 1.29 ac (56,192 SF)
Zoning code D-2
APN 16-07-102-008
UPID US86-0498294

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Parking Lot & Garage
  • Charitable Organization Social Service Agency
  • Foster Care Service Social Service Agency

Location

131 700th S Salt Lake City, UT 84111-3805
Salt Lake City metro Census 102300 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.44M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.72M
Blend (final) Blend
$2.08M

Owner & transaction history

since 2017
3 recorded transactions
2019
Price N/A
2017
Price N/A
2006
Price N/A

Zoning & alternative use

D-2 · Salt Lake City, UT
Zoning description

The purpose of the D-2 Downtown Support District is to provide an area that fosters the development of a sustainable urban neighborhood that accommodates commercial, office, residential and other uses that relate to and…

General category COMMERCIAL
Top alternative use upside
Warehouse, storage $3.1M +38.2%
Neighborhood: shopping center $2.6M +18.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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