New search
Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Turn key restaurants
187 Ee St, Salt Lake City, UT 84103-2833
Entity Owned
8-yr Hold
Free & Clear
Property ID
US86-0586613
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1906
Construction
WOOD FRAME
Total area
9,446 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CN
APN
09-31-413-009
UPID
US86-0586613
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
$485k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$550k
Owner & transaction history
4th Ave & E Street LLC · 8 yrs held
4th Ave & E Street LLC
since 2018
7 recorded transactions
Zoning & alternative use
CN · 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
$485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$875,000
Change: -18% · Conversion: Easy
COMMERCIAL (GENERAL)
$860,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$58 / 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
$16,539
Tax year 2023
Assessed value
$1,978,080
Assessed 2023
Previous assessed
$1,978,080
+0.0% YoY
Effective rate
0.84%
On assessed value
Assessed land
$464,590
Assessed improvement
$1,513,490
Land market value
$464,590
Improvement market value
$1,513,490
Total market value
$1,978,080
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1906
Construction
WOOD FRAME
Heating
FORCED AIR
Buildings
3
Stories
1
Units
4
Rooms
12
Bathrooms
3
Total area
9,446 SF
Lot
0.11 ac (4,792 SF)
Zoning code
CN
APN
09-31-413-009
UPID
US86-0586613
Jurisdiction
SALT LAKE
Zoning & alternative use
CN · Salt Lake City, UT
Zoning CN · permitted uses
CN · 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
$875,000
COMMERCIAL (GENERAL)
Est. value
$860,000
RETAIL STORES
COMMERCIAL (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
1906
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Buildings
3
Units
4
Rooms
12
Bathrooms
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
4th Ave & E Street LLC
Entity
Free & Clear · 8 yrs held
Mailing address
3783 S 500TH W, SOUTH SALT LAKE, UT 84115-4256
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2018
—
4th Ave & E Street LLC
187 North E Street Trust
Warranty Deed
—
Oct 2, 2015
—
4th Ave And E Street LLC
Richard M Matheson
Warranty Deed
$460,000 · Us Bank NA
Jul 31, 2015
—
187 North E Street Trust
Matheson,david E
Warranty Deed
related
$451,157 · Gary Buehner
Sep 5, 2002
—
David E Matheson
Matheson,richard M Tr
Quit Claim Deed
related
$365,000 · Celtic Bank Corp
Nov 17, 1999
—
Brian M Maxwell
Voorhees,laura H
Grant Deed
$190,000 · Seller
May 13, 1999
—
Laura H Voorhees
Tage Nyman Family LP
Grant Deed
related
—
—
—
Richard M Matheson
—
Deed Of Trust
related
$700,000 · Community First 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 187 Ee St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
