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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Medical Office Space
1459 3900th S, Salt Lake City, UT 84124-1412
Individually Owned
Free & Clear
Property ID
US86-0299016
Property summary
AI-generated overview
This exceptional 5,080 square foot medical office building, constructed in 1979, presents a unique investment opportunity in Salt Lake City, Utah. Located at 1459 E 3900 S, 84124, this Salt Lake County property is zoned R-M and offers immediate occupancy with 5,080 square feet of vacant space. The building is conveniently situated just blocks from St. Marks Hospital, providing excellent accessibility for patients and staff. The building's design features two levels, each approximately 2,540 square feet, with separate entrances for enhanced privacy and convenience. An elevator ensures easy access between floors. The property is ideally suited for a single tenant seeking the entire 5,080 square feet, or for two separate tenants, each occupying one of the 2,540 square foot levels. The minimum divisible space is 2,450 square feet. Ample parking is available in the rear of the building. This fully renovated facility offers a modern and efficient workspace in a prime medical location. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,080 SF
Lot
0.42 ac (18,295 SF)
Zoning code
RM
APN
16-33-306-024
UPID
US86-0299016
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
-
Psychiatric Behavioral Solutions Medical Clinic
-
JOJOS SPA Alternative Medicine Practice Spa & Massage Center
-
Adult Care Clinic Medical Clinic
-
Amphex Pharmacy, LLC Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$979k
Blend (final)
Blend
$1.04M
Owner & transaction history
Rajiv And Gitanjali Sharma Family T
Rajiv And Gitanjali Sharma Family T
since 2025
6 recorded transactions
Zoning & alternative use
RM · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+38.8%
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%
$1,195,000
6.5%
$1,105,000
7%
$1,025,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,010,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,400,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$205 / 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
$12,477
Tax year 2023
Assessed value
$984,700
Assessed 2023
Previous assessed
$984,700
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$396,700
Assessed improvement
$588,000
Land market value
$396,700
Improvement market value
$588,000
Total market value
$984,700
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
2
Total area
5,080 SF
Lot
0.42 ac (18,295 SF)
Zoning code
RM
APN
16-33-306-024
UPID
US86-0299016
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
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Rajiv And Gitanjali Sharma Family T
Individual
Free & Clear · 0 yrs held
Mailing address
3668 S GILROY RD, SALT LAKE CITY, UT 84109-3825
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2025
—
Rajiv And Gitanjali Sharma Family T
The Vijaya L Sharma Family Trust
Deed
related
—
Jun 30, 2021
—
Rajiv R Sharma
Atup LLC
Special Warranty Deed
—
Dec 2, 2015
—
Atup LLC
Lafferty,ralph F & Toby G
Grant Deed
related
—
May 24, 2011
—
Ralph F Lafferty JR.
Lafferty,ralph F
Quit Claim Deed
related
—
May 23, 2011
—
Ralph F Lafferty
Fagg,kirk C
Grant Deed
$325,000 · Zions First National Bank
—
—
Delbert C Fagg
—
Deed Of Trust
related
$350,000 · Zions First National 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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