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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Hotels
225 State St Salt Lake City, UT 84103-4615
Entity Owned
22-yr Hold
Free & Clear
Property ID
US86-0652792
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,298 SF
Lot
0.45 ac (19,602 SF)
Zoning code
RMF-35
APN
09-31-308-019
UPID
US86-0652792
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
-
Inn On the Hill Bed & Breakfast Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$580k
Owner & transaction history
Jane F Mccarthey Family LP · 22 yrs held
Jane F Mccarthey Family LP
since 2004
4 recorded transactions
Zoning & alternative use
RMF-35 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$955,000
+271.3%
Commercial (general)
$940,000
+265.6%
Auto repair, garage
$820,000
+219.2%
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 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
$540,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$620,000
7%
$575,000
Alternative Use
Use
Estimation
RETAIL STORES
$955,000
Change: +271% · Conversion: Difficult
COMMERCIAL (GENERAL)
$940,000
Change: +266% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +219% · Conversion: Difficult
WAREHOUSE, STORAGE
$695,000
Change: +171% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$585,000
Change: +128% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$56 / 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
$18,584
Tax year 2023
Assessed value
$1,879,800
Assessed 2023
Previous assessed
$1,879,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,137,200
Assessed improvement
$742,600
Land market value
$1,137,200
Improvement market value
$742,600
Total market value
$1,879,800
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
13
Total area
10,298 SF
Lot
0.45 ac (19,602 SF)
Zoning code
RMF-35
APN
09-31-308-019
UPID
US86-0652792
Jurisdiction
SALT LAKE
Zoning & alternative use
RMF-35 · Salt Lake City, UT
Zoning RMF-35 · permitted uses
RMF-35 · 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
RETAIL STORES
Est. value
$955,000
COMMERCIAL (GENERAL)
Est. value
$940,000
AUTO REPAIR, GARAGE
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$695,000
INDUSTRIAL (GENERAL)
Est. value
$585,000
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
13
Lot
0.45 ac
Current owner
From public records · entity-resolved
Jane F Mccarthey Family LP
Entity
Free & Clear · 22 yrs held
Mailing address
610 ES TEMPLE STE #200, SALT LAKE CITY, UT 84102-1208
Ownership since
2004
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
Jan 20, 2004
—
Jane F Mccarthey Family LP
Inn On Capitol Hill Lc
Grant Deed
related
—
May 21, 1996
—
Dan M Oredson
Daniger,bruce
Grant Deed
related
—
Nov 2, 1994
—
Bruce Daniger
Hollberg,r J
Grant Deed
$415,000 · Individual
—
—
Inn On Capitol Hill Lc
—
Deed Of Trust
related
$592,000 · Greater Salt Lake Business Dis
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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