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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Bars & Pubs
145 Pierpont Ave Salt Lake City, UT 84101-1902
Entity Owned
4-yr Hold
Free & Clear
Property ID
US86-0057966
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,372 SF
Lot
0.12 ac (5,227 SF)
Zoning code
D-3
APN
15-01-277-008
UPID
US86-0057966
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
-
VAN Rental Salt Lake City - CARNGO Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$585k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$731k
Blend (final)
Blend
$660k
Owner & transaction history
Realine Properties LLC · 4 yrs held
Realine Properties LLC
since 2021
7 recorded transactions
Zoning & alternative use
D-3 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$930,000
+12.0%
Auto repair, garage
$895,000
+7.4%
Commercial (general)
$885,000
+6.6%
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
$585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$830,000
Current use
WAREHOUSE, STORAGE
$930,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$895,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$885,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$665,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$53 / 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
$24,461
Tax year 2023
Assessed value
$2,474,300
Assessed 2023
Previous assessed
$2,474,300
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$428,200
Assessed improvement
$2,046,100
Land market value
$428,200
Improvement market value
$2,046,100
Total market value
$2,474,300
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
12,372 SF
Lot
0.12 ac (5,227 SF)
Zoning code
D-3
APN
15-01-277-008
UPID
US86-0057966
Jurisdiction
SALT LAKE
Zoning & alternative use
D-3 · Salt Lake City, UT
Zoning D-3 · permitted uses
D-3 · 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
$830,000
WAREHOUSE, STORAGE
Est. value
$930,000
AUTO REPAIR, GARAGE
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$885,000
INDUSTRIAL (GENERAL)
Est. value
$665,000
RESTAURANT Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1909
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Realine Properties LLC
Entity
Free & Clear · 4 yrs held
Mailing address
30 E BROADWAY STE #310, SALT LAKE CITY, UT 84111-2262
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2021
—
Realine Properties LLC
Dinsimo Management INC
Warranty Deed
—
Jun 1, 2017
—
Dinsimo Management INC
—
Deed
$1,650,000 · American United Fam Of Cu
Jul 15, 2005
—
Dinsimo Management INC
D & A INC
Special Warranty Deed
$766,586 · Zions First National Bank
—
—
Dinsimo Management INC
—
Deed Of Trust
$1,650,000 · American United Fam Of Cu
—
—
D & A INC
—
Deed Of Trust
related
$85,000 · Mohsen
—
—
D & A INC
—
Deed Of Trust
related
$966,000 · Mountain America Financial Svc
—
—
Dinsimo Management INC
—
Deed Of Trust
related
$752,000 · Mountain W Small Busn Fin
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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