Entity Owned Property summary
AI-generated overview
The property is an all-brick, multi-family apartment complex in Salt Lake City, Utah 84115 (Salt Lake County) comprising 9 units within a 6,553-square-foot building on a 0.22-acre lot. It is configured with three units per floor, with each unit containing 2 bedrooms and 1 full bathroom. The complex includes exterior mailboxes and has had building systems updated, including a roof replacement and updated plumbing and electrical work (upgrades completed in 2024). The property is zoned for multi-family use and is located near SLCC South Campus, schools, Liberty Park, shopping and dining, and public transit, with convenient access to I-15.
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1970
Construction
WOOD FRAME
Total area
6,553 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R-1-5
APN
16-18-131-016
UPID
US86-0398582
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Apartment Complex
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$330k
Owner & transaction history
since 2025
6 recorded transactions
Zoning & alternative use
R-1-5 · Salt Lake City, UT
Top alternative use upside
Restaurant
$900,000
+14.8%
Medical building
$865,000
+10.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$330k
Value range
$297k – $363k
±10% around blend
Estimated value / SF
$50 / SF
Confidence
Property data
100
Comparable evidence
60
$297k
blend $330k
$363k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,553 SF
Lot area
0.22 ac
Year built
1970
Stories
3
APN
16-18-131-016
Zoning
R-1-5
Assessed value
$1,560,100
Annual tax
$8,483
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$994k
Range $347k – $1.08M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$330k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+15%
vs current-use indication
Medical Building
Commercial (general) · current use
Retail Stores
Neighborhood: Shopping Center
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.56M
Move the market yield to see immediate price impact.
Value / SF
$238
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$98k
$1.97M
$1.40M
$1.09M
$109k
$2.18M
$1.56M
$1.21M
$120k
$2.40M
$1.72M
$1.33M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,483
Tax year 2023
Assessed value
$1,560,100
Assessed 2023
Previous assessed
$1,560,100
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$417,300
Assessed improvement
$1,142,800
Land market value
$417,300
Improvement market value
$1,142,800
Total market value
$1,560,100
Applied tax rate
13.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1970
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
6,553 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R-1-5
APN
16-18-131-016
UPID
US86-0398582
Jurisdiction
SALT LAKE
Zoning & alternative use
R-1-5 · Salt Lake City, UTZoning R-1-5 · permitted uses
R-1-5 · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R-1-5
Jurisdiction
Salt Lake City, UT
Recorded code
R-1-5
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-1-5 in Salt Lake City, UT.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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