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Property profile & analytics
OFF-MARKET
Commercial land
1388 Major St Salt Lake City, UT 84115-5331
Individually Owned
1-yr Hold
Property ID
US86-0104467
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1948
Total area
816 SF
Lot
0.15 ac (6,534 SF)
Zoning code
CC
APN
16-18-101-012
UPID
US86-0104467
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
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
Redevelopment Agency Of Salt Lake C · 1 yrs held
Redevelopment Agency Of Salt Lake C
since 2024
7 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,825
Tax year 2023
Assessed value
$184,600
Assessed 2023
Previous assessed
$184,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$184,600
Land market value
$184,600
Total market value
$184,600
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1948
Heating
YES
Stories
1
Rooms
5
Bathrooms
2
Total area
816 SF
Lot
0.15 ac (6,534 SF)
Zoning code
CC
APN
16-18-101-012
UPID
US86-0104467
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
1948
Heating
YES
Stories
1
Rooms
5
Bathrooms
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Redevelopment Agency Of Salt Lake C
Individual
Mailing address
1163 E LAIRD AVE, SALT LAKE CITY, UT 84105-1907
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2024
—
Redevelopment Agency Of Salt Lake C
Thomas Investment Holdings LLC
Special Warranty Deed
—
Mar 8, 2023
—
Thomas Investment Holdings LLC
—
Deed
related
$1,185,000 · Actium High Yield Loan Fund Viii LLC
Oct 29, 2020
—
Thomas Investment Holdings LLC
—
Deed
related
$80,000 · William J Middleton
Oct 30, 2019
—
Thomas Investment Holdings LLC
Denada LLC
Grant Deed
$200,000 · Davis Dee M Family Trust (pt)
Sep 13, 2006
—
Denada LLC
Davis,dee
Quit Claim Deed
related
—
Apr 20, 2006
—
Denada LLC
Davis,dee
Quit Claim Deed
related
—
Jul 18, 2001
—
Dee Davis
Farnsworth,james R & Patricia S
Grant Deed
related
—
—
—
Davis,tr
—
Deed Of Trust
related
$200,000 · Zions First National Bank
—
—
Thomas Investment Holdings LLC
—
Deed Of Trust
related
$80,000 · William J Middleton
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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