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Property profile & analytics
OFF-MARKET
Estimated value
$11,085,000
Apartment buildings
2057 1200th E Salt Lake City, UT 84105-3586
Entity Owned
14-yr Hold
Property ID
US86-0460449
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
51,123 SF
Lot
0.87 ac (37,897 SF)
Zoning code
RMF-45
APN
16-17-476-049
UPID
US86-0460449
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
-
Sugar House Apartments by Urbana Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.75M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.09M
Owner & transaction history
Gardiner Props 1200 East LLC · 14 yrs held
Gardiner Props 1200 East LLC
since 2011
7 recorded transactions
Zoning & alternative use
RMF-45 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$10,555,000
6.5%
$9,745,000
7%
$9,050,000
Blend value · Realmo final
$11.09M
Range $9.98M – $12.19M · ±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
$217 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$134,548
Tax year 2022
Assessed value
$23,216,500
Assessed 2023
Previous assessed
$23,216,500
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$1,713,600
Assessed improvement
$21,502,900
Land market value
$1,713,600
Improvement market value
$21,502,900
Total market value
$23,216,500
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
Year built
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
7
Stories
1
Units
22
Total area
51,123 SF
Lot
0.87 ac (37,897 SF)
Zoning code
RMF-45
APN
16-17-476-049
UPID
US86-0460449
Jurisdiction
SALT LAKE
Zoning & alternative use
RMF-45 · Salt Lake City, UT
Zoning RMF-45 · permitted uses
RMF-45 · 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
2012
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Units
22
Lot
0.87 ac
Current owner
From public records · entity-resolved
Gardiner Props 1200 East LLC
Entity
Mailing address
1073 E 2100TH S, SALT LAKE CITY, UT 84106-2349
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2011
—
Gardiner Props 1200 East LLC
Gardiner Props 1200 East LLC
Quit Claim Deed
related
—
Jun 29, 2010
—
Gardiner Props 1200 East LLC
Weeks,e Nordell & Carol
Grant Deed
$963,224 · Gardiner Investments LLC
Nov 20, 2007
—
Carol Weeks
Weeks,e Nordell
Quit Claim Deed
related
—
Apr 8, 2005
—
Lords,glenn N Trust
Lords,glenn N
Quit Claim Deed
related
—
—
—
Gardiner Prop 1200 E LLC
—
Loan Modification
related
$9,083,050 · Miscellaneous Ins Co
—
—
Irving Square Associates Lc
—
Deed Of Trust
related
$10,000 · Johansen-thackeray Com'l R/e S
—
—
Gardiner Props 1200 East LLC
—
Deed Of Trust
related
$8,500,000 · Miscellaneous Ins Co
—
—
Irving Square Associates Lc
—
Deed Of Trust
related
$100,000 · Johansen Family Holdings 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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