Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1659 Wn Temple Salt Lake City, UT 84116-5207
    Back to Search
    Property profile & analytics

    1659 Wn Temple, Salt Lake City, UT 84116-5207

    View on Map
    • Hotels
    • 50,016 SF
    • 5.97 lot acres
    Off-Market
    Last Sale Jul 31, 2024
    Property ID
    US86-0121862
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,465,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 1659 Wn Temple

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.97 lot acres
    Zone code
    CC
    Property type
    Hotels
    Property subtype
    Motels
    APN
    08-34-453-011
    APU
    834453011

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 31, 2024 — Lhm Dev C LLC Georgia Elaine Carlson Special Warranty Deed —
    Feb 16, 2024 — Lhm Dev C LLC 1659 Development LLC Lease —
    Sep 30, 2016 — Om Shivam Hospitality LLC 1659 West North Temple LLC Quit Claim Deed · related $1.9M · 1659 West North Temple LLC
    Aug 9, 2013 — Carlson,georgia E Living Trust Carlson,georgia E Quit Claim Deed · related —
    Oct 15, 2008 — Georgia E Carlson Carlson,elaine C Quit Claim Deed · related —
    Jul 25, 2006 — Nicholas G Carlson Craig George E Trust Quit Claim Deed · related —
    Mar 11, 2003 — Carol Woodruff Wells Fargo Bank Grant Deed · related —
    Sep 25, 2001 — Elaine C Carlson Wells Fargo Bank Grant Deed · related —
    — — Hotel Investment Equity LLC — Deed Of Trust · related $425k · Kenny Yu
    — — Hotel Investment Equity LLC — Deed Of Trust · related $3.7M · California National Bank
    — — Kenny L Yu — Deed Of Trust · related $1.1M · Hanmi Bank
    — — Jai Shri Ram Hotel Group Of Utah — Deed Of Trust · related $301k · California National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,533,000
      Market price range: $819k - $1.53M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,185,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,400,000
      Change: +103% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,180,000
      Change: +84% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.938
    Latitude
    40.7704
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $99,596
    $9,101,900
    $972,500
    $10,074,400
    -
    $9,101,900
    $972,500
    $10,074,400

    Comparable in this City

    • Value Estimation
      $1,390,000
      71,422 SF

      5001 Wiley Post Way

      HOTEL/MOTEL
      5001 Wiley Post Way, Salt Lake City, UT 84116-2850
      View Details
    • Value Estimation
      $1,560,000
      68,928 SF

      4883 Douglas Corrigan Way

      HOTEL/MOTEL
      4883 Douglas Corrigan Way, Salt Lake City, UT 84116-2817
      View Details
    • Value Estimation
      $2,975,000
      85,299 SF

      4843 Douglas Corrigan Way

      HOTEL/MOTEL
      4843 Douglas Corrigan Way, Salt Lake City, UT 84116-2817
      View Details
    • Value Estimation
      $1,680,000
      73,013 SF

      200 Admiral Byrd Rd

      HOTEL/MOTEL
      200 Admiral Byrd Rd, Salt Lake City, UT 84116-3773
      View Details
    • Value Estimation
      $1,505,000
      99,101 SF

      5575 Amelia Earhart Dr

      HOTEL/MOTEL
      5575 Amelia Earhart Dr, Salt Lake City, UT 84116-3715
      View Details
    • Value Estimation
      $5,960,000
      187,199 SF

      5151 Wiley Post Way

      HOTEL/MOTEL
      5151 Wiley Post Way, Salt Lake City, UT 84116-2832
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,269 SF

      Historic Flex Building in Salt Lake

      Unique commercial/residential flex building with tons of potential.
      730 W 400 N, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      126 SF

      Industrial Land Sites Available

      Land sites for sale, ranging from 21-126.5 acres.
      700 North West Ave West, Salt Lake City, UT 84116
      View Details
    • $3,300,000

      M-1 Zoned Development Land

      2.57 acres near Salt Lake City International Airport.
      238 North West Ave West, Salt Lake City, UT 84116
      View Details
    • $2,499,000
      0.50 Acres

      Commercial Property with Secure Yard

      9000 SF commercial building with showroom, shop, and warehouse.
      1621 N Beck St, Salt Lake City, UT 84116
      View Details
    • Contact for pricing

      Industrial Land in M-1 Zoning

      M-1 zoned site with strong frontage on Redwood Road, supported by existing short-term leases.
      2375 N Redwood Rd, Salt Lake City, UT 84116
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      874,657 SF

      Salt Lake City Industrial Space

      Modern Manufacturing/Distribution Facility
      821 6550, Salt Lake City, UT 84116
      View Details
    • Contact for pricing

      Salt Lake Industrial Warehouse Space

      Industrial warehouse space with convenient access to I-80.
      150 N Wright Brothers Dr, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      35,000 SF

      Salt Lake City Warehouse Space

      35,000 sq ft warehouse with convenient freeway access.
      810 North West Ave West, Salt Lake City, UT 84116
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent in Salt Lake City, UT.
      480 N 2200 W, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      10,420 SF

      Prime Corner Office Space Available

      Office space near Salt Lake Airport with signage opportunity.
      221 N Charles Lindbergh Dr, Salt Lake City, UT 84116
      View Details
    • Contact for pricing
      12,711 SF

      High-Quality Office Building Near Airport

      Prominent office building near I-215 and Salt Lake City Airport.
      208 N 2100 W, Salt Lake City, UT 84116
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1659 Wn Temple
    Salt Lake City, UT 84116-5207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1659 Wn Temple, Salt Lake City, UT, 84116
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!