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Property profile & analytics
FOR SALE
Turn key restaurants
202 W Broadway, Salt Lake City, UT 84101
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0558717
For Sale
1 / 3
$2,900,000
202 W Broadway, Salt Lake City, UT 84101
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2002
Construction
WOOD FRAME
Total area
10,009 SF
Lot
0.18 ac (7,841 SF)
Zoning code
D3
APN
15-01-257-010
UPID
US86-0558717
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
$460k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$742k
Blend (final)
Blend
$600k
Owner & transaction history
James Gaddis Inv Co Ltd
James Gaddis Inv Co Ltd
1 recorded transaction
Zoning & alternative use
D3 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$755,000
+12.0%
Auto repair, garage
$720,000
+7.4%
Commercial (general)
$715,000
+6.6%
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
$460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$670,000
Current use
WAREHOUSE, STORAGE
$755,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$720,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$715,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$540,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$60 / 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
$24,836
Tax year 2023
Assessed value
$2,512,200
Assessed 2023
Previous assessed
$2,512,200
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,043,800
Assessed improvement
$1,468,400
Land market value
$1,043,800
Improvement market value
$1,468,400
Total market value
$2,512,200
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2002
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
10,009 SF
Lot
0.18 ac (7,841 SF)
Zoning code
D3
APN
15-01-257-010
UPID
US86-0558717
Jurisdiction
SALT LAKE
Zoning & alternative use
D3 · Salt Lake City, UT
Zoning D3 · permitted uses
D3 · 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
RESTAURANT Current
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$720,000
COMMERCIAL (GENERAL)
Est. value
$715,000
INDUSTRIAL (GENERAL)
Est. value
$540,000
RESTAURANT Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
2002
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
James Gaddis Inv Co Ltd
Entity
Mailing address
15 W 6TH ST, TULSA, OK 74119-5415
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
James Gaddis Inv Co Ltd
—
Deed Of Trust
related
$250,000 · Herb Jung
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?”
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