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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Investment properties
1954 Ft Un Blvd Salt Lake City, UT 84121-6800
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US86-0398828
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,400 SF
Lot
1.39 ac (60,548 SF)
Zoning code
CR
APN
22-28-229-022
UPID
US86-0398828
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
Current use
Occupant on record · Public records
-
AptsChat Travel Agency Vacation Rental
-
Mountain West Anesthesia Physician
-
Dr. Jackson R. Fitzgerald, MD Physician
-
Dr. Ethan K. Fisher, MD Physician
-
Tamiko A. Long Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.06M
Owner & transaction history
Wb 1954 Fort Union LLC · 13 yrs held
Wb 1954 Fort Union LLC
since 2013
7 recorded transactions
Zoning & alternative use
CR · 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
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$47 / 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
$23,853
Tax year 2023
Assessed value
$2,275,000
Assessed 2023
Previous assessed
$2,275,000
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,438,000
Assessed improvement
$837,000
Land market value
$1,438,000
Improvement market value
$837,000
Total market value
$2,275,000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Units
3
Total area
22,400 SF
Lot
1.39 ac (60,548 SF)
Zoning code
CR
APN
22-28-229-022
UPID
US86-0398828
Jurisdiction
SALT LAKE
Zoning & alternative use
CR · Salt Lake City, UT
Zoning CR · permitted uses
CR · 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.
Building & site characteristics
From public records
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Units
3
Lot
1.39 ac
Current owner
From public records · entity-resolved
Wb 1954 Fort Union LLC
Entity
Mailing address
1954 E FT UN BLVD, SALT LAKE CITY, UT 84121-6800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2016
—
Wb 1954 Fort Union LLC
—
Deed
related
$1,237,097 · Wb-pbai LLC
Mar 25, 2013
—
Wb 1954 Fort Union LLC
Premier Management Group Lc
Grant Deed
$1,344,000 · Wells Fargo Bank
Mar 1, 1995
—
Precision Real Estate Co LLC
Libra Programming INC
Grant Deed
$1,239,300 · First Security Bank Utah
—
—
Precision Real Estate Co LLC
—
Deed Of Trust
related
$11,287 · First Security Leasing Co
—
—
Premier Management Group Lc
—
Deed Of Trust
related
$1,376,700 · Zions First National Bank
—
—
Precision Real Estate Co LLC
—
Deed Of Trust
related
$903,821 · First Security Bank
—
—
Precision Real Estate Co LLC
—
Deed Of Trust
related
$602,000 · Greater Salt Lake Business Dis
—
—
Premier Management Group Lc
—
Deed Of Trust
related
$322,000 · Greater Salt Lake Business Dis
—
—
Wb 1954 Fort Union LLC
—
Deed Of Trust
related
$1,237,097 · Wb-pbai LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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