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    Property profile & analytics

    1941 1100 Salt Lake City, UT 84106

    • Strip malls
    • 10,976 SF
    • 0.17 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimations
    $450,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0332537
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Smith-Crown Co. / Vacuum Cleaning System Supplier / Vacuum Cleaner Store
    • Mike's Central Vac / Vacuum Cleaning System Supplier / Vacuum Cleaner Repair Shop
    • Fashion Packaging / Gift Wrap Store / Packaging Company
    • Mike's Central Vacuum / Vacuum Cleaner Store / Vacuum Cleaner Repair Shop

    Property Details for 1941 1100

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.17 lot acres
    Property size
    10,976 SF
    Zone code
    CB
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    16-17-457-003
    APU
    1617457003

    Description

    The Peacock Building, located at 1941 S 1100 E in Salt Lake City, Utah, presents a unique opportunity for businesses seeking creative office or retail space. This Class B building, situated in the vibrant Sugarhouse neighborhood (zip code 84106), offers a single-tenant occupancy option, perfect for a company seeking a substantial footprint, or the potential for multi-tenant use. The property is classified as both retail and office, providing flexibility for a variety of uses. Its location in Salt Lake County offers excellent access to major transportation routes and amenities. The building is currently ready for improvements, allowing a new owner or tenant to customize the space to their exact specifications. This presents a chance to create a truly unique and functional workspace tailored to the needs of a modern business. The building's prime location within Sugarhouse ensures high visibility and accessibility for clients and employees alike. This is an exceptional opportunity to acquire a versatile property in a thriving Salt Lake City neighborhood. The property is situated at latitude 40.728 and longitude -111.859. Serious inquiries are encouraged to explore the potential of this adaptable and well-positioned commercial property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $510,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $392,000
      Market price range: $361k - $705k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $545,000
      Current use
      WAREHOUSE, STORAGE
      $800,000
      Change: +47% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $675,000
      Change: +24% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.859
    Latitude
    40.728
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $16,052
    $252,700
    $1,371,000
    $1,623,700
    -
    $252,700
    $1,371,000
    $1,623,700

    Comparable in this City

    • Value Estimation
      $720,000
      15,610 SF

      1108 3300th S

      SHOPPING CENTER, STRIP CENTER • 15,610 SF
      1108 3300th S, Salt Lake City, UT 84106-2598
      View Details
    • Value Estimation
      $1,680,000
      60,309 SF

      2210 1300th E

      SHOPPING CENTER, STRIP CENTER • 60,309 SF
      2210 1300th E, Salt Lake City, UT 84106-2827
      View Details
    • Value Estimation
      $740,000
      18,993 SF

      717 3300th S

      SHOPPING CENTER, STRIP CENTER • 18,993 SF
      717 3300th S, Salt Lake City, UT 84106-1531
      View Details
    • Value Estimation
      $335,000
      8,379 SF

      2305 Highland Dr

      SHOPPING CENTER, STRIP CENTER • 8,379 SF
      2305 Highland Dr, Salt Lake City, UT 84106-2810
      View Details
    • Value Estimation
      $390,000
      5,040 SF

      2815 Highland Dr

      SHOPPING CENTER, STRIP CENTER • 5,040 SF
      2815 Highland Dr, Salt Lake City, UT 84106-4486
      View Details
    • Value Estimation
      $775,000
      11,476 SF

      1295 Miller Ave

      SHOPPING CENTER, STRIP CENTER • 11,476 SF
      1295 Miller Ave, Salt Lake City, UT 84106-4394
      View Details

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    Similar Nearby for Lease

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      18,391 SF

      Sugarhouse Retail Space Available

      Prime Retail, High-Traffic Location
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      Sugarhouse Retail Space For Rent

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      Retail/Office Space For Rent

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      959 3300 S, Salt Lake City, UT 84106
      View Details
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    1941 1100
    Salt Lake City, UT 84106
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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