Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$11,375,000
Apartment buildings
1925 Wn Temple Salt Lake City, UT 84116-4290
Entity Owned
17-yr Hold
Free & Clear
Property ID
US86-0267281
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
122,812 SF
Lot
15.26 ac (664,726 SF)
Zoning code
TSA-MU
APN
08-34-353-056
UPID
US86-0267281
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
$9.20M
Blend (final)
Blend
$11.38M
Owner & transaction history
NORTH TEMPLE LIHTC LLC
NORTH TEMPLE LIHTC LLC
Zoning & alternative use
TSA-MU · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.2M
+314.1%
Restaurant
$15.6M
+298.2%
Retail stores
$12.6M
+222.5%
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
MEDICAL BUILDING
$16,205,000
Change: +314% · Conversion: Moderate
RESTAURANT
$15,580,000
Change: +298% · Conversion: Difficult
RETAIL STORES
$12,620,000
Change: +222% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,475,000
Change: +168% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,905,000
Change: +128% · Conversion: Difficult
Blend value · Realmo final
$11.38M
Range $10.24M – $12.51M · ±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
$93 / 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
$352,605
Tax year 2023
Assessed value
$64,120,280
Assessed 2023
Previous assessed
$64,120,280
+0.0% YoY
Effective rate
0.55%
On assessed value
Assessed land
$31,523,290
Assessed improvement
$32,596,990
Land market value
$31,523,290
Improvement market value
$32,596,990
Total market value
$64,120,280
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Cooling
YES
Buildings
11
Stories
4
Units
827
Total area
122,812 SF
Lot
15.26 ac (664,726 SF)
Zoning code
TSA-MU
APN
08-34-353-056
UPID
US86-0267281
Jurisdiction
SALT LAKE
Zoning & alternative use
TSA-MU · Salt Lake City, UT
Zoning TSA-MU · permitted uses
TSA-MU · 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
MEDICAL BUILDING
Est. value
$16.2M
RESTAURANT
Est. value
$15.6M
RETAIL STORES
Est. value
$12.6M
COMMERCIAL (GENERAL)
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$8.9M
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
Cooling
Yes
Stories
4
Buildings
11
Units
827
Lot
15.26 ac
Current owner
From public records · entity-resolved
NORTH TEMPLE LIHTC LLC
Entity
Free & Clear · 0 yrs held
Mailing address
423 W BROADWAY STE #230, SALT LAKE CITY, UT 84101-1239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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 1925 Wn Temple?
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.
