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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Bars & Pubs
155 200th Sa Salt Lake City, UT 84101-1401
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US86-0344639
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
20,520 SF
Lot
0.14 ac (6,098 SF)
Zoning code
D-I
APN
15-01-276-003
UPID
US86-0344639
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
-
Cardtronics ATM Atm
-
Bar-X Bar & Pub Nightclub
-
Lake Effect Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$980k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.04M
Owner & transaction history
Lake Effect Property LLC · 9 yrs held
Lake Effect Property LLC
since 2016
7 recorded transactions
Zoning & alternative use
D-I · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+12.0%
Auto repair, garage
$1.5M
+7.4%
Commercial (general)
$1.5M
+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
$980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,380,000
Current use
WAREHOUSE, STORAGE
$1,545,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,480,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,470,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,105,000
Change: -20% · Conversion: Difficult
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
$51 / 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
$36,900
Tax year 2023
Assessed value
$3,732,500
Assessed 2023
Previous assessed
$3,732,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$450,100
Assessed improvement
$3,282,400
Land market value
$450,100
Improvement market value
$3,282,400
Total market value
$3,732,500
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
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
20,520 SF
Lot
0.14 ac (6,098 SF)
Zoning code
D-I
APN
15-01-276-003
UPID
US86-0344639
Jurisdiction
SALT LAKE
Zoning & alternative use
D-I · Salt Lake City, UT
Zoning D-I · permitted uses
D-I · 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
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
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
1914
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Lake Effect Property LLC
Entity
Mailing address
3362 W 1820TH S, SALT LAKE CITY, UT 84104-4922
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
—
Lake Effect Property LLC
—
Deed
related
$3,395,000 · University First FCU
Jun 17, 2021
—
Lake Effect Property LLC
—
Deed
related
$350,000 · Altabank
Mar 11, 2019
—
Lake Effect Property LLC
—
Deed
related
$2,545,689 · Bank Of American Fork
Aug 2, 2016
—
Lake Effect Property LLC
Rojales Enterprises LLC
Warranty Deed
$2,540,000 · Town & Country Bank INC
Feb 3, 2016
—
Rojales Ents LLC
Rojales,roberto
Quit Claim Deed
—
Oct 1, 2015
—
Roberto Rojales
Guy L Thomas Management Co INC
Warranty Deed
$2,075,000 · Private Individual
May 3, 2004
—
Guy L Thomas Management Co INC
Pusey,kerry M
Grant Deed
$1,345,000 · Bank Of American Fork
Nov 18, 2003
—
Kerry Pusey
Thomas,guy
Quit Claim Deed
related
—
Jun 30, 2003
—
Kerry M Pusey
Thomas,guy L
Quit Claim Deed
related
$60,000 · Trans West Cu
—
—
Guy L Thomas
—
Deed Of Trust
related
$45,000 · Kro Investments LLC
—
—
Guy L Thomas Management Co INC
—
Deed Of Trust
related
$1,910,000 · Bank Of American Fork
—
—
Guy L Thoms
—
Deed Of Trust
related
$195,000 · Kro Investments LLC
—
—
Lake Effect Property LLC
—
Deed Of Trust
related
$2,545,689 · Bank Of American Fork
—
—
Guy L Thomas
—
Deed Of Trust
related
$162,000 · Prm Investment Co
—
—
Guy L Thomas
—
Deed Of Trust
related
$1,150,000 · Lance J Ream
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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