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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Drive through restaurants
143 Redwood Rd, Salt Lake City, UT 84116-3146
Entity Owned
6-yr Hold
Free & Clear
Property ID
US86-0496744
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2011
Total area
4,975 SF
Lot
0.92 ac (40,075 SF)
Zoning code
CS
APN
08-34-381-034
UPID
US86-0496744
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
-
Apollo Burger Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$610k
Owner & transaction history
3500 Holding LLC · 6 yrs held
3500 Holding LLC
since 2019
7 recorded transactions
Zoning & alternative use
CS · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$655,000
+4.0%
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
$380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$630,000
Current use
MEDICAL BUILDING
$655,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$510,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$123 / 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
$25,169
Tax year 2023
Assessed value
$2,545,900
Assessed 2023
Previous assessed
$2,545,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,785,900
Assessed improvement
$760,000
Land market value
$1,785,900
Improvement market value
$760,000
Total market value
$2,545,900
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
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2011
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
4,975 SF
Lot
0.92 ac (40,075 SF)
Zoning code
CS
APN
08-34-381-034
UPID
US86-0496744
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
RESTAURANT Current
Est. value
$630,000
MEDICAL BUILDING
Est. value
$655,000
RETAIL STORES
Est. value
$510,000
RESTAURANT Current
MEDICAL BUILDING
RETAIL STORES
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
2011
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
3500 Holding LLC
Entity
Free & Clear · 6 yrs held
Mailing address
940 W 1700TH S, SALT LAKE CITY, UT 84104-2200
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2019
—
3500 Holding LLC
3500 Holding LLC
Intrafamily Transfer
related
—
Sep 9, 2019
—
Fdg Hive Slc Associates LLC
3500 Holding LLC
Grant Deed
$33,606,000 · Cibc Bk USA
Nov 2, 2010
—
3500 Holding LLC
Kzt Utah LLC
Grant Deed
$721,487 · First Ut Bk
Feb 25, 2009
—
Kzt Utah LLC
—
Loan Modification
related
$2,000,000 · Anb Fin'l
Apr 6, 2007
—
Kzt Utah LLC
Ns Mountainwest 5 LLC
Grant Deed
$2,000,000 · Anb Fin'l
Aug 3, 2006
—
Ns Mountainwest 5 LLC
Novasource Utah Lc
Grant Deed
related
—
Sep 3, 2004
—
Novasource Utah Lc
John B Prince
Warranty Deed
related
—
—
—
North Temple LLC
—
Deed Of Trust
related
$500,000 · Lmgw Certified Public Accounts
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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