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Property profile & analytics
OFF-MARKET
Estimated value
$9,910,000
Grocery and convenience stores
2193 Main St, South Salt Lake, UT 84115-2627
Individually Owned
9-yr Hold
Free & Clear
Property ID
US86-0899119
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2017
Total area
84,582 SF
Lot
8.1 ac (352,836 SF)
Zoning code
MPMU
APN
16-19-103-022
UPID
US86-0899119
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.04M
Blend (final)
Blend
$9.91M
Owner & transaction history
Boyer South Salt Lake Crossing · 9 yrs held
Boyer South Salt Lake Crossing
since 2017
4 recorded transactions
Zoning & alternative use
MPMU · South Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.6M
+17.3%
Medical building
$11.2M
+12.6%
Commercial (general)
$10.1M
+2.2%
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 South Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Salt Lake 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$9,915,000
Current use
RESTAURANT
$11,635,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$11,160,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,135,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,165,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$9.91M
Range $8.92M – $10.90M · ±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
$117 / 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
$145,451
Tax year 2023
Assessed value
$13,005,300
Assessed 2023
Previous assessed
$13,005,300
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$7,409,600
Assessed improvement
$5,595,700
Land market value
$7,409,600
Improvement market value
$5,595,700
Total market value
$13,005,300
Applied tax rate
14.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2017
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
84,582 SF
Lot
8.1 ac (352,836 SF)
Zoning code
MPMU
APN
16-19-103-022
UPID
US86-0899119
Jurisdiction
SALT LAKE
Zoning & alternative use
MPMU · South Salt Lake, UT
Zoning MPMU · permitted uses
MPMU · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.9M
RESTAURANT
Est. value
$11.6M
MEDICAL BUILDING
Est. value
$11.2M
COMMERCIAL (GENERAL)
Est. value
$10.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2017
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
8.1 ac
Current owner
From public records · entity-resolved
Boyer South Salt Lake Crossing
Individual
Free & Clear · 9 yrs held
Mailing address
101 S 200TH E STE #200, SALT LAKE CITY, UT 84111-3112
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2019
—
Boyer S Salt Lk Crossing Lc
—
Deed
related
$4,400,000 · Miscellaneous Ins Co
Mar 16, 2017
—
Boyer South Salt Lake Crossing
—
Trustees Deed
related
$4,330,000 · Wells Fargo Bk
Feb 24, 2017
—
Boyer South Salt Lake Crossing
City Of South Salt Lake Redev Agc
Grant Deed
—
—
—
Boyer S Salt Lk Crossing Lc
—
Deed Of Trust
related
$4,400,000 · 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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