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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Bars & Pubs
147 Pierpont Ave Salt Lake City, UT 84101
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0919983
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2014
Total area
11,121 SF
Lot
0.17 ac (7,405 SF)
Zoning code
D-1
APN
15-01-277-022
UPID
US86-0919983
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
$535k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$585k
Blend (final)
Blend
$560k
Owner & transaction history
Carreson Properties LLC · 4 yrs held
Carreson Properties LLC
since 2022
7 recorded transactions
Zoning & alternative use
D-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$835,000
+12.0%
Auto repair, garage
$805,000
+7.4%
Commercial (general)
$795,000
+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
$535,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$745,000
Current use
WAREHOUSE, STORAGE
$835,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$805,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$795,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$600,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$50 / 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
$19,581
Tax year 2023
Assessed value
$1,980,700
Assessed 2023
Previous assessed
$1,980,700
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$597,400
Assessed improvement
$1,383,300
Land market value
$597,400
Improvement market value
$1,383,300
Total market value
$1,980,700
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
2014
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
11,121 SF
Lot
0.17 ac (7,405 SF)
Zoning code
D-1
APN
15-01-277-022
UPID
US86-0919983
Jurisdiction
SALT LAKE
Zoning & alternative use
D-1 · Salt Lake City, UT
Zoning D-1 · permitted uses
D-1 · 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
$745,000
WAREHOUSE, STORAGE
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$805,000
COMMERCIAL (GENERAL)
Est. value
$795,000
INDUSTRIAL (GENERAL)
Est. value
$600,000
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
2014
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Carreson Properties LLC
Entity
Mailing address
30 E BROADWAY, SALT LAKE CITY, UT 84111-2227
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2022
—
Carreson Properties LLC
Pierpont Investors LLP
Intrafamily Transfer
related
$3,000,000 · Pierpont Investors LP
Apr 12, 2018
—
Pierpont Investors LLP
Jones Pierpont Property LLC
Quit Claim Deed
related
—
Oct 6, 2015
—
Pierpont Investors LLP
Village 415 LLC
Grant Deed
related
—
Nov 20, 2013
—
Pierpont Investors LLP
122 INC
Grant Deed
related
—
Apr 5, 2012
—
Us Bank NA Series 2006-c2
Knuth R L
Trustees Deed
related
—
Jun 6, 2008
—
Oregon Short Line Building LLC
Pierpont Partners LLC
Grant Deed
—
Aug 16, 2007
—
Pierpont Partners LLC
Fillmore,w Jeffery
Trustees Deed
related
—
Mar 31, 2006
—
Schoolhouse Downtown LLC
John W Williams
Warranty Deed
$7,800,000 · Ixis Real Estate Capital INC
Jan 3, 2000
—
John W Williams
—
Deed Of Trust
related
$1,192,000 · First National Bank Layton
—
—
John W Williams
—
Deed Of Trust
related
$300,000 · First National Bank Layton
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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