New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,960,000
Strip malls
2 400th W, Salt Lake City, UT 84101-1122
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0664455
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
82,610 SF
Lot
1.71 ac (74,488 SF)
Zoning code
GMU
APN
08-36-376-016
UPID
US86-0664455
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
-
Museum Service Office State Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$1.96M
Owner & transaction history
2 S 400 West Ground Owner LLC · 1 yrs held
2 S 400 West Ground Owner LLC
since 2025
7 recorded transactions
Zoning & alternative use
GMU · 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
$1,385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.96M
Range $1.76M – $2.16M · ±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
$24 / 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
$51,467
Tax year 2023
Assessed value
$5,206,000
Assessed 2023
Previous assessed
$5,206,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,817,700
Assessed improvement
$2,388,300
Land market value
$2,817,700
Improvement market value
$2,388,300
Total market value
$5,206,000
Applied tax rate
1.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
YES
Buildings
5
Stories
1
Units
1
Total area
82,610 SF
Lot
1.71 ac (74,488 SF)
Zoning code
GMU
APN
08-36-376-016
UPID
US86-0664455
Jurisdiction
SALT LAKE
Zoning & alternative use
GMU · Salt Lake City, UT
Zoning GMU · permitted uses
GMU · 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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
5
Units
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
2 S 400 West Ground Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2425 E CAMELBACK RD, PHOENIX, AZ 85016-4200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2026
—
Union Station Venture LLC
—
Deed
related
$78,000,000 · Barnsley LLC
Jun 10, 2025
—
2 S 400 West Ground Owner LLC
Gateway Hp LLC
Special Warranty Deed
—
Nov 7, 2022
—
Vestar Gateway LLC
—
Deed
related
—
Jul 20, 2022
—
Union Station Venture LLC
Gateway Hp LLC
Ground Lease
related
$78,000,000 · Massmutual Ascend Life Insurance Company
May 2, 2019
—
Gateway Hp LLC
Vestar Gateway LLC
Quit Claim Deed
—
May 11, 2016
—
Vestar Gateway LLC
—
Deed
related
$78,500,000 · Wells Fargo Bk N #2010-c1 (ce)
Feb 3, 2016
—
Vestar Gateway LLC
Inland Wstn Salt Lake City G
Grant Deed
—
May 31, 2005
—
Indland Wstn Salt Lake City Ga
Gateway Retail Holdings Lc
Grant Deed
—
May 11, 2005
—
Gateway Associates Ltd
Firstdigital Communications Ll
Quit Claim Deed
related
—
—
—
Vestar Gateway LLC
—
Loan Modification
related
$78,500,000 · Wells Fargo Bk N #2010-c1 (ce)
—
—
Vestar Gateway LLC
—
Loan Modification
related
$78,500,000 · Wells Fargo Bk N #2010-c1 (ce)
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 2 400th W?
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.
