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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Strip malls
2120 Highland Dr 2, Salt Lake City, UT 84106-2841
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US86-0892543
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Total area
48,066 SF
Lot
0.01 ac (436 SF)
Zoning code
CSHBD1
APN
16-20-208-002
UPID
US86-0892543
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
-
The Vue at Sugar House Crossing Apartment Complex Apartment Building
-
ProBusiness Video Film Production Television Studio
-
Adventure Guru Department Store
-
Turissini Technologies, LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.09M
Blend (final)
Blend
$2.27M
Owner & transaction history
Doheny-vidovich Meadowbrook Pt · 9 yrs held
Doheny-vidovich Meadowbrook Pt
since 2017
5 recorded transactions
Zoning & alternative use
CSHBD1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.5M
+46.6%
Apartment house (5+ units)
$3.0M
+23.8%
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
$1,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,390,000
Current use
WAREHOUSE, STORAGE
$3,505,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,960,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±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
$213,478
Tax year 2023
Assessed value
$21,594,000
Assessed 2023
Previous assessed
$21,594,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$972,600
Assessed improvement
$20,621,400
Land market value
$972,600
Improvement market value
$20,621,400
Total market value
$21,594,000
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
2013
Heating
NONE
Cooling
YES
Stories
1
Units
15
Total area
48,066 SF
Lot
0.01 ac (436 SF)
Zoning code
CSHBD1
APN
16-20-208-002
UPID
US86-0892543
Jurisdiction
SALT LAKE
Zoning & alternative use
CSHBD1 · Salt Lake City, UT
Zoning CSHBD1 · permitted uses
CSHBD1 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.4M
WAREHOUSE, STORAGE
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
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
2013
Heating
NONE
Cooling
Yes
Stories
1
Units
15
Lot
0.01 ac
Current owner
From public records · entity-resolved
Doheny-vidovich Meadowbrook Pt
Individual
Mailing address
960 N SAN ANTONIO RD STE #114, LOS ALTOS, CA 94022-1346
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2025
—
Doheny Vidovich Meadowbrook Partner
—
Deed
related
$47,000,000 · Nationwide Life And Annuity Insurance
Jun 26, 2018
—
Doheny-vidovich Meadowbrook Pt
—
Deed
related
$55,000 · Miscellaneous Ins Co
Jan 18, 2017
—
Doheny-vidovich Meadowbrook Pt
Sugar House Crossing LLC
Trustees Deed
$60,000,000 · Bank Of America
—
—
Sugar House Crossing LLC
—
Deed Of Trust
related
$52,000,000 · Miscellaneous Ins Co
—
—
Doheny-vidovich Meadowbrook Pt
—
Deed Of Trust
related
$55,000 · Miscellaneous Ins Co
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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