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Property profile & analytics
OFF-MARKET
Estimated value
$2,625,000
Hotels
150 500th S Salt Lake City, UT 84101-2321
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0666646
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1974
Construction
CONCRETE
Total area
331,204 SF
Lot
7.21 ac (314,068 SF)
Zoning code
D-1
APN
15-01-429-011
UPID
US86-0666646
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
-
First Press Private Club Nightclub Music Venue
-
5th Street Grill Restaurant
-
Sheraton Salt Lake City Hotel Parking Lot & Garage
-
SWTCH Charging Station Electric Vehicle Charging Station
-
Mai’s Day Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.63M
Owner & transaction history
Slc 150 W 500 S LLC · 4 yrs held
Slc 150 W 500 S LLC
since 2021
7 recorded transactions
Zoning & alternative use
D-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$8 / 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
$430,025
Tax year 2023
Assessed value
$43,498,400
Assessed 2023
Previous assessed
$43,498,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$21,836,400
Assessed improvement
$21,662,000
Land market value
$21,836,400
Improvement market value
$21,662,000
Total market value
$43,498,400
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
9
Units
362
Total area
331,204 SF
Lot
7.21 ac (314,068 SF)
Zoning code
D-1
APN
15-01-429-011
UPID
US86-0666646
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.
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
9
Buildings
3
Units
362
Lot
7.21 ac
Current owner
From public records · entity-resolved
Slc 150 W 500 S LLC
Entity
Mailing address
500 W 5TH ST, AUSTIN, TX 78701-3830
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2021
—
Slc 150 W 500 S LLC
Dhm Salt Lake City Hotel Lessee LP
Special Warranty Deed
$35,000,000 · Cre Finance LLC
Sep 1, 2016
—
Dhm Salt Lake City Hotel Lesse
Dhm Salt Lake City Hotel LP
Quit Claim Deed
$35,000,000 · Benefit Street Ptrs Cre Fin Ll
Apr 19, 2012
—
Dhm Salt Lake City Hotel LP
—
Deed Of Trust
related
$30,000,000 · Nomura Cre Cdo Gran Tr #n (ct)
Aug 4, 2011
—
Dhm Salt Lake City Hotel LP
—
Deed Of Trust
related
$30,000,000 · C-iii Commercial Mtg LLC
Jan 13, 2011
—
Dhm Salt Lake City Hotel LP
—
Deed Of Trust
related
$35,200,000 · Ge Business Financial Svcs INC
Dec 21, 2007
—
Dhm Salt Lake City Hotel LP
Sunstone Op Properties LLC
Special Warranty Deed
$35,200,000 · Merrill Lynch Capital
Sep 5, 2003
—
Sunstone Op Properties LLC
—
Deed Of Trust
related
$399,500,000 · Massachusetts Mutual Life Ttee
May 23, 2001
—
Sunstone Sh Hotels LLC
Kahler E & P Partners LP
Grant Deed
related
—
Jan 14, 2000
—
Sunstone Sh Hotels LLC
Kahler E & P Partners LP II
Grant Deed
related
—
Oct 15, 1997
—
Gmx Corp
Sunstone Hotels LLC
Grant Deed
related
—
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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