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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Retail residential properties
1917 1200th E Salt Lake City, UT 84105-3534
Entity Owned
17-yr Hold
Free & Clear
Property ID
US86-0059646
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1963
Construction
WOOD FRAME
Total area
5,617 SF
Lot
0.22 ac (9,583 SF)
Zoning code
RMF-35
APN
16-17-476-004
UPID
US86-0059646
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$750k
Blend (final)
Blend
$760k
Owner & transaction history
Paula Apartments LLC · 17 yrs held
Paula Apartments LLC
since 2009
2 recorded transactions
Zoning & alternative use
RMF-35 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$740,000
+25.2%
Restaurant
$705,000
+19.0%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$590,000
Current use
MEDICAL BUILDING
$740,000
Change: +25% · Conversion: Easy
RESTAURANT
$705,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$590,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$135 / 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
$11,163
Tax year 2023
Assessed value
$2,053,100
Assessed 2023
Previous assessed
$2,053,100
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$536,600
Assessed improvement
$1,516,500
Land market value
$536,600
Improvement market value
$1,516,500
Total market value
$2,053,100
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1963
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
EVAPORATIVE
Buildings
2
Stories
2
Units
7
Total area
5,617 SF
Lot
0.22 ac (9,583 SF)
Zoning code
RMF-35
APN
16-17-476-004
UPID
US86-0059646
Jurisdiction
SALT LAKE
Zoning & alternative use
RMF-35 · Salt Lake City, UT
Zoning RMF-35 · permitted uses
RMF-35 · 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
COMMERCIAL (GENERAL) Current
Est. value
$590,000
MEDICAL BUILDING
Est. value
$740,000
RESTAURANT
Est. value
$705,000
RETAIL STORES
Est. value
$590,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
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
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
7
Lot
0.22 ac
Current owner
From public records · entity-resolved
Paula Apartments LLC
Entity
Free & Clear · 17 yrs held
Mailing address
5725 S 665TH W, SALT LAKE CITY, UT 84123-5705
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2009
—
Paula Apartments LLC
Orton,doug L
Warranty Deed
—
Jul 9, 2008
—
Doug L Orton
Paul & Laverne Stevens Ltd
Warranty Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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