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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Apartment buildings
1518 1000th E Salt Lake City, UT 84105-2376
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US86-0428690
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1958
Construction
WOOD FRAME
Total area
5,120 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R15000
APN
16-17-134-037
UPID
US86-0428690
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
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.07M
Owner & transaction history
Utca Properties LLC · 9 yrs held
Utca Properties LLC
since 2017
5 recorded transactions
Zoning & alternative use
R15000 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$975,000
7%
$905,000
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$209 / 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
$6,476
Tax year 2023
Assessed value
$1,191,100
Assessed 2023
Previous assessed
$1,191,100
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$536,600
Assessed improvement
$654,500
Land market value
$536,600
Improvement market value
$654,500
Total market value
$1,191,100
Applied tax rate
13.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1958
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
2
Units
4
Total area
5,120 SF
Lot
0.22 ac (9,583 SF)
Zoning code
R15000
APN
16-17-134-037
UPID
US86-0428690
Jurisdiction
SALT LAKE
Zoning & alternative use
R15000 · Salt Lake City, UT
Zoning R15000 · permitted uses
R15000 · 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
1958
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
2
Units
4
Lot
0.22 ac
Current owner
From public records · entity-resolved
Utca Properties LLC
Entity
Mailing address
1240 E 2100TH S STE #600, SALT LAKE CITY, UT 84106-2815
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2017
—
Utca Properties LLC
Morgan,nicholas I
Warranty Deed
—
Jan 20, 2017
—
Nicholas I Morgan
Utca Properties LLC
Warranty Deed
$427,500 · Guild Mortgage Co
Nov 27, 2006
—
Utca Properties LLC
Morgan,nicholas I
Grant Deed
—
Sep 20, 2006
—
Nicholas I Morgan
Molloy,gerald E
Warranty Deed
$416,000 · Homecomings Financial Network
Jul 7, 2005
—
Gerald E Molloy
Molloy Melita D Trust
Quit Claim 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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