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Property profile & analytics
FOR LEASE
Community centers
1400 Foothill Dr, Salt Lake City, UT 84108
Entity Owned
4-yr Hold
Free & Clear
Property ID
US86-0258679
For Lease
1 / 8
$6,870,000
1400 Foothill Dr, Salt Lake City, UT 84108
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Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
251,259 SF
Lot
10.17 ac (443,005 SF)
Zoning code
CS
APN
16-15-126-021
UPID
US86-0258679
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
-
ALL FITNESS GADGETS Big Box & Wholesale Store
-
East West Connection Restaurant
-
Dr. Ralph Lee Sorbonne Dental Office
-
Denny N. Cho, DDS. Dental Office
-
Hi Sushi Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.87M
Owner & transaction history
Ap Foothill Village LLC · 4 yrs held
Ap Foothill Village LLC
since 2021
5 recorded transactions
Zoning & alternative use
CS · 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
INDUSTRIAL (GENERAL)
$11,440,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$6.87M
Range $6.18M – $7.56M · ±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
$27 / 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
$460,247
Tax year 2023
Assessed value
$46,555,400
Assessed 2023
Previous assessed
$46,555,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$15,970,300
Assessed improvement
$30,585,100
Land market value
$15,970,300
Improvement market value
$30,585,100
Total market value
$46,555,400
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
7
Stories
1
Units
11
Total area
251,259 SF
Lot
10.17 ac (443,005 SF)
Zoning code
CS
APN
16-15-126-021
UPID
US86-0258679
Jurisdiction
SALT LAKE
Zoning & alternative use
CS · Salt Lake City, UT
Zoning CS · permitted uses
CS · 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
INDUSTRIAL (GENERAL)
Est. value
$11.4M
INDUSTRIAL (GENERAL)
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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Units
11
Lot
10.17 ac
Current owner
From public records · entity-resolved
Ap Foothill Village LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1616 CAMDEN RD #210, CHARLOTTE, NC 28203-4925
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2021
—
Ap Foothill Village LLC
—
Deed
related
$44,500,000 · Wells Fargo Bank NA
Aug 31, 2021
—
Ap Foothill Village LLC
Douglas C Bankhead
Special Warranty Deed
—
Aug 11, 2021
—
Ap Foothill Village LLC
Johansen Family Holdings II LLC
Special Warranty Deed
—
Aug 9, 2021
—
John H Barnard
Jtjg Foothil Village Lc
Special Warranty Deed
—
—
—
Foothill Village Shopping Ctr
—
Deed Of Trust
related
$25,200,000 · Credit Suisse First Boston Mtg
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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