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Property profile & analytics
OFF-MARKET
Estimated value
$1,465,000
Hotels
1659 Wn Temple Salt Lake City, UT 84116-5207
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0121862
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,016 SF
Lot
5.97 ac (260,053 SF)
Zoning code
CC
APN
08-34-453-011
UPID
US86-0121862
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
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.47M
Owner & transaction history
Lhm Dev C LLC · 1 yrs held
Lhm Dev C LLC
since 2024
7 recorded transactions
Zoning & alternative use
CC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+102.8%
Warehouse, storage
$2.2M
+84.1%
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
$1,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$1.47M
Range $1.32M – $1.61M · ±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
$29 / 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
$99,596
Tax year 2023
Assessed value
$10,074,400
Assessed 2023
Previous assessed
$10,074,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$9,101,900
Assessed improvement
$972,500
Land market value
$9,101,900
Improvement market value
$972,500
Total market value
$10,074,400
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Units
182
Total area
50,016 SF
Lot
5.97 ac (260,053 SF)
Zoning code
CC
APN
08-34-453-011
UPID
US86-0121862
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · Salt Lake City, UT
Zoning CC · permitted uses
CC · 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
HOTEL/MOTEL Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$2.2M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
182
Lot
5.97 ac
Current owner
From public records · entity-resolved
Lhm Dev C LLC
Entity
Mailing address
9350 S 150TH E STE #900, SANDY, UT 84070-2717
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
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
$1,900,000 · 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
$425,000 · Kenny Yu
—
—
Hotel Investment Equity LLC
—
Deed Of Trust
related
$3,660,000 · California National Bank
—
—
Kenny L Yu
—
Deed Of Trust
related
$1,080,000 · Hanmi Bank
—
—
Jai Shri Ram Hotel Group Of Utah
—
Deed Of Trust
related
$300,512 · California National Bank
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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