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    2180 4500th S Salt Lake City, UT 84117-4434
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    Property profile & analytics

    2180 4500th S Salt Lake City, UT 84117-4434

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    • Medical Office Space
    • 31,840 SF
    • 2.32 lot acres
    Off-Market
    Last Sale Jan 31, 2024
    Property ID
    US86-0334440
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,845,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • dentist in holladay, ut - holladay smiles, dr. michael t. smith, family and cosmetic dentist serving holladay, ut, 84117. / Dental Office
    • Salt Lake Family Dentistry / Dental Office
    • Awesome Therapeutic Massage / Alternative Medicine Practice
    • Village Suites / Hotel & Motel
    • Dang Larilyn / Dental Office

    Property Details for 2180 4500th S

    Year built
    1972
    Construction
    WOOD FRAME
    Lot size
    2.32 lot acres
    Property size
    31,840 SF
    Zone code
    RM
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    22-03-334-022
    APU
    2203334022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.829
    Latitude
    40.6736
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,401
    $2,202,800
    $473,900
    $2,676,700
    -
    $2,202,800
    $473,900
    $2,676,700

    Comparable in this City

    • Value Estimation
      $1,875,000
      9,254 SF

      1548 4500th S Ste, Unit 202

      MEDICAL BUILDING • 9,254 SF
      1548 4500th S Ste, Salt Lake City, UT 84117-5209
      View Details
    • Value Estimation
      $665,000
      3,267 SF

      1548 4500th S Ste, Unit 102

      MEDICAL BUILDING • 3,267 SF
      1548 4500th S Ste, Salt Lake City, UT 84117-5209
      View Details
    • Value Estimation
      $540,000
      3,348 SF

      999 Murray Holladay Rd Ste, Unit 106

      MEDICAL BUILDING • 3,348 SF
      999 Murray Holladay Rd Ste, Salt Lake City, UT 84117-5062
      View Details
    • Value Estimation by Request
      3,007 SF

      999 Murray Holladay Rd Ste, Unit 109

      MEDICAL BUILDING • 3,007 SF
      999 Murray Holladay Rd Ste, Salt Lake City, UT 84117-5062
      View Details
    • Value Estimation
      $520,000
      2,561 SF

      1548 4500th S Ste, Unit 201

      MEDICAL BUILDING • 2,561 SF
      1548 4500th S Ste, Salt Lake City, UT 84117-5209
      View Details
    • Value Estimation by Request
      5,548 SF

      4970 900th J E Ste J

      MEDICAL BUILDING • 5,548 SF
      4970 900th J E Ste J, Salt Lake City, UT 84117-3929
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highland Drive Office Space For Sale

      Office spaces for sale near St. Marks Hospital.
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      Pending

      Millcreek Office Unit For Sale

      Office unit in a park-like setting, great Millcreek location.
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      2,371 SF

      Available Office Space for Rent

      Office suites available on first and second floors for rent.
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    • Contact for pricing
      8,081 SF

      Two-Story Building with Drive-Thru Lanes

      Two-story building with three drive-thru lanes and one ATM lane.
      4900 S Highland Dr, Salt Lake City, UT 84117
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    • $5,950,000

      Holladay Land For Sale

      Land available in Holladay, Utah.
      2323 E Walker Ln, Holladay, UT 84117
      View Details
    • $2,490,000
      0.67 Acres

      Holladay Land Ready for Development

      Shovel-ready twin home lots in Arbor Plaza Subdivision.
      1990 E Arbor Ln, Holladay, UT 84117
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    Similar Nearby for Lease

    • $16 SF/Yr
      9,950 SF

      Accessible Commercial Space with Signage

      Ground-level suite with high visibility and traffic in Millcreek.
      4698 South Highland Dr, Millcreek, UT 84117
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    • $14 SF/Yr
      1,343 SF

      Professional/Medical Office Space Available

      Professional/Medical office space for rent near St. Marks Hospital.
      4568 S Highland Dr, Salt Lake City, UT 84117
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    • Contact for pricing
      570 SF

      Holladay Office Space For Rent

      Office space available in a prestigious Holladay location.
      2091 E Murray Holladay Rd, Salt Lake City, UT 84117
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    • $35 SF/Yr
      2,900 SF

      Prime Office Space in Holladay

      Office space near Holladay City buildings with natural light.
      4609 S 2300 E, Salt Lake City, UT 84117
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    • $395 /Mo
      10,474 SF

      Holladay Office Space For Rent

      Second-floor office space near downtown Holladay with included utilities.
      4609 South Brg East, Holladay, UT 84117
      View Details
    • Contact for pricing
      2,815 SF

      Furnished Office Space Available

      Furnished office space with conference room in mid-valley location.
      999 E Murray Holladay Rd, Salt Lake City, UT 84117
      View Details
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    Salt Lake City, UT 84117-4434
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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