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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Medical Office Space
1377 3900th S, Salt Lake City, UT 84124-1476
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US86-0379019
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,108 SF
Lot
0.99 ac (43,124 SF)
Zoning code
RM
APN
16-33-304-016
UPID
US86-0379019
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
-
Hartvigsen Darin DDS Dental Office
-
D Pat-2 LLC Dental Office
-
Dr Jake Froerer, DDS MSD Dental Office
-
D Pat-2 LLC: Albert Georgeanne Dental Office
-
Smile Ranch Orthodontics Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$2.10M
Owner & transaction history
Jensen Properties Slc LLC · 12 yrs held
Jensen Properties Slc LLC
since 2013
7 recorded transactions
Zoning & alternative use
RM · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,205,000
Current use
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±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
$130 / 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
$25,166
Tax year 2023
Assessed value
$2,139,200
Assessed 2023
Previous assessed
$2,139,200
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$860,500
Assessed improvement
$1,278,700
Land market value
$860,500
Improvement market value
$1,278,700
Total market value
$2,139,200
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
8
Total area
16,108 SF
Lot
0.99 ac (43,124 SF)
Zoning code
RM
APN
16-33-304-016
UPID
US86-0379019
Jurisdiction
SALT LAKE
Zoning & alternative use
RM · Salt Lake City, UT
Zoning RM · permitted uses
RM · 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
$3.2M
MEDICAL BUILDING Current
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
8
Lot
0.99 ac
Current owner
From public records · entity-resolved
Jensen Properties Slc LLC
Entity
Mailing address
1377 E 3900TH S STE #203, SALT LAKE CITY, UT 84124-1493
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2025
—
Jensen Properties Slc LLC
—
Deed
related
$1,150,712 · Brighton Bank
Jul 26, 2023
—
Jensen Properties Slc LLC
—
Deed
related
$1,200,000 · Brighton Bank
Aug 13, 2021
—
Jensen Properties Slc LLC
—
Deed
related
$1,337,714 · Brighton Bank
Oct 17, 2017
—
Jensen Properties Slc LLC
—
Deed
related
$200,000 · Brighton Bank
Aug 22, 2013
—
Jensen Properties Slc LLC
Christensen Ents & Invs L C
Grant Deed
$355,950 · Brighton Bank
Feb 8, 1995
—
Christensen
Pam Joy Realty
Grant Deed
related
—
—
—
Chrisensen Enterprises & Inves
—
Deed Of Trust
related
$1,000,000 · Bank One Utah
—
—
Jensen Properties Slc LLC
—
Loan Modification
related
$1,435,000 · Brighton Bk
—
—
Ents Christensen
—
Deed Of Trust
related
$708,421 · Wells Fargo 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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