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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Strip malls
2148 900th E, Salt Lake City, UT 84106-2379
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US86-0453524
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,326 SF
Lot
0.58 ac (25,265 SF)
Zoning code
CB
APN
16-20-131-030
UPID
US86-0453524
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
-
Este Pizza SugarHouse Restaurant
-
Blackhouse Vapor Company (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
Blackhouse Botanicals (Bike/Boat/Book/etc) Store
-
Game Night Games Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Lashes By Lindsey Ivie Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$618k
Blend (final)
Blend
$670k
Owner & transaction history
Grodbros Real Estate LP Lllp · 12 yrs held
Grodbros Real Estate LP Lllp
since 2014
4 recorded transactions
Zoning & alternative use
CB · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+60.2%
Warehouse, storage
$970,000
+46.6%
Apartment house (5+ units)
$820,000
+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
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Current use
AUTO REPAIR, GARAGE
$1,060,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$970,000
Change: +47% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$820,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$50 / 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
$25,270
Tax year 2023
Assessed value
$2,556,100
Assessed 2023
Previous assessed
$2,556,100
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$888,100
Assessed improvement
$1,668,000
Land market value
$888,100
Improvement market value
$1,668,000
Total market value
$2,556,100
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
3
Stories
1
Units
5
Total area
13,326 SF
Lot
0.58 ac (25,265 SF)
Zoning code
CB
APN
16-20-131-030
UPID
US86-0453524
Jurisdiction
SALT LAKE
Zoning & alternative use
CB · Salt Lake City, UT
Zoning CB · permitted uses
CB · 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
$665,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$970,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
3
Units
5
Lot
0.58 ac
Current owner
From public records · entity-resolved
Grodbros Real Estate LP Lllp
Entity
Mailing address
3642 OAKWOOD DR, PARK CITY, UT 84060-7808
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2014
—
Grodbros Real Estate LP Lllp
Grodbros Real Estate LP Lllp
Special Warranty Deed
$2,073,234 · Wells Fargo Bank NA
Mar 27, 2008
—
Grodbros Real Estate Lllp
Smith Dev
Grant Deed
$2,250,000 · Brighton Bank
Mar 16, 2007
—
Smith Dev Co
Sahara Sugarhouse LLC
Grant Deed
—
Jan 18, 2006
—
Sahara Sugarhouse LLC
2148 Ents LLC
Warranty Deed
$650,000 · First Interstate Financial
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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