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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Motels
1865 Wn Temple Salt Lake City, UT 84116-3044
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0189015
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,851 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CC
APN
08-34-353-006
UPID
US86-0189015
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
$735k
CAP Approach
CAP
$595k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$665k
Owner & transaction history
1865 West North Temple LLC · 2 yrs held
1865 West North Temple LLC
since 2023
7 recorded transactions
Zoning & alternative use
CC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+334.1%
Commercial (general)
$840,000
+260.4%
Auto repair, garage
$715,000
+206.4%
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
$735,000
CAP Approach
CAP Return
Estimation
6%
$645,000
6.5%
$595,000
7%
$550,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,010,000
Change: +334% · Conversion: Difficult
COMMERCIAL (GENERAL)
$840,000
Change: +260% · Conversion: Difficult
AUTO REPAIR, GARAGE
$715,000
Change: +206% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Change: +103% · Conversion: Difficult
WAREHOUSE, STORAGE
$430,000
Change: +84% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±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
$68 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$18,387
Tax year 2022
Assessed value
$1,745,000
Assessed 2023
Previous assessed
$1,745,000
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,544,300
Assessed improvement
$200,700
Land market value
$1,544,300
Improvement market value
$200,700
Total market value
$1,745,000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
27
Total area
9,851 SF
Lot
1.07 ac (46,609 SF)
Zoning code
CC
APN
08-34-353-006
UPID
US86-0189015
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
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$715,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$475,000
WAREHOUSE, STORAGE
Est. value
$430,000
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
1
Buildings
2
Units
27
Lot
1.07 ac
Current owner
From public records · entity-resolved
1865 West North Temple LLC
Entity
Mailing address
466 S 400TH E, SALT LAKE CITY, UT 84111-3325
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2023
—
1865 West North Temple LLC
Dream Inn LLC
Warranty Deed
$5,057,000 · Cyprus FCU
Aug 21, 2023
—
Dream Inn LLC
—
Deed
related
$106,330 · Mitchell Lowe Etal
Nov 16, 2022
—
Dream Inn LLC
—
Deed
related
$65,000 · Doug White
Aug 25, 2020
—
Dream Inn LLC
—
Deed
related
$1,080,000 · Actium Ln Mgmt LLC
Mar 24, 2020
—
Dream Inn LLC
—
Deed
related
$1,015,000 · Other Institutional Lenders
Sep 9, 2019
—
Dream Inn LLC
—
Deed
related
$1,015,000 · Other Institutional Lenders
Aug 14, 2018
—
Dream Inn LLC
—
Deed Of Trust
related
$990,000 · Wilshire Quinn Income Fund LLC
Jan 3, 2017
—
Dream Inn LLC
—
Deed
related
$25,000 · Liston Ents Ltd
Jul 31, 2013
—
Dream Inn LLC
1865 North Temple LLC
Warranty Deed
—
Jul 26, 2013
—
1865 North Temple LLC
Goffney,phyllis B
Quit Claim Deed
related
—
Jul 22, 2013
$520,200
Barry Sheppard
Shumway Douglas J
Trustees Deed
related
—
Oct 11, 2011
—
Duksoon Jang
Brunetti Family Trust
Warranty Deed
$655,000 · Barry Sheppard
Jul 13, 2011
—
Brunetti Family Trust
Shattuck,chad C
Trustees Deed
related
—
—
—
Dream Inn LLC
—
Deed Of Trust
related
$1,020,000 · 1865 North Temple LLC
—
—
Dream Inn LLC
—
Deed Of Trust
related
$25,000 · Liston Ents Ltd
—
—
Dream Inn LLC
—
Deed Of Trust
related
$1,080,000 · Actium Ln Mgmt LLC
—
—
Dream Inn LLC
—
Loan Modification
related
$1,015,000 · Other Institutional Lenders
—
—
Dream Inn LLC
—
Loan Modification
related
$1,015,000 · Other Institutional Lenders
—
—
Dream Inn LLC
—
Deed Of Trust
related
$25,000 · Landa Ronda M Family Tr (pt)
—
—
Duk S Yang
—
Deed Of Trust
related
$1,050,000 · Seller
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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