Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    232 800th S Salt Lake City, UT 84101-2907

    • Day care centers
    • 7,483 SF
    • 1.08 lot acres
    OFF-MARKET
    Last Sale
    Feb 03, 2021
    Value Estimations
    $570,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0565378
    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.

    Current Use by Public Records

    • Moochie's Meatballs and More / Cheesesteak Restaurant / Sandwich Shop
    • Antioch Community Church / Non-Denominational Church
    • Miss Billie's Kids Kampus / Nursery School / Preschool

    Property Details for 232 800th S

    Year built
    1949
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.08 lot acres
    Property size
    7,483 SF
    Zone code
    D-2
    Property type
    Day care centers
    APN
    15-12-210-003
    APU
    1512210003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $638,000
      Market price range: $360k - $639k

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $495,000
      Current use
      RETAIL STORES
      $840,000
      Change: +70% Conversion: Difficult
      WAREHOUSE, STORAGE
      $565,000
      Change: +14% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $540,000
      Change: +9% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $535,000
      Change: +8% Conversion: Difficult
      RESTAURANT
      $505,000
      Change: +2% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $405,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.898
    Latitude
    40.7524
    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
    $876
    $1,848,000
    $10,800
    $1,858,800
    -
    $1,848,000
    $10,800
    $1,858,800

    Comparable in this City

    • Value Estimation
      $15,295,000
      967,756 SF

      400 200th S

      SHOPPING CENTER COMMON AREA • 967,756 SF
      400 200th S, Salt Lake City, UT 84101-2032
      View Details
    • Value Estimation
      $15,005,000
      948,506 SF

      400 200th S

      SHOPPING CENTER COMMON AREA • 948,506 SF
      400 200th S, Salt Lake City, UT 84101-2032
      View Details
    • Value Estimation
      $3,585,000
      164,918 SF

      378 Broadway

      PROFESSIONAL CLUBS/ASSOCIATIONS • 164,918 SF
      378 Broadway, Salt Lake City, UT 84101-1846
      View Details
    • Value Estimation
      $6,025,000
      366,695 SF

      135 500th W

      SHOPPING CENTER COMMON AREA • 366,695 SF
      135 500th W, Salt Lake City, UT 84101-4100
      View Details
    • Value Estimation by Request
      66,491 SF

      175 Temple

      Office Properties & Spaces • 66,491 SF
      175 Temple, Salt Lake City, UT 84101
      View Details
    • Value Estimation by Request
      4,584 SF

      404 700

      Retail properties • 4,584 SF
      404 700, Salt Lake City, UT 84101
      View Details

    Similar Nearby for Sale

    • $2,150,000
      3,472 SF

      Downtown Salt Lake Industrial Building

      3,472 SF Flex/Manufacturing Space
      662 200, Salt Lake City, UT 84101
      View Details
    • $1,425,000
      3,071 SF

      Turn-Key Bar Near IHC Hospital

      Turn-key bar near IHC hospital and downtown Salt Lake City.
      837 S Main St, Salt Lake City, UT 84101
      View Details
    • $474,000

      Renovated Condo in American Towers

      Downtown living with modern amenities and convenient location.
      44 W Broadway S, Salt Lake City, UT 84101
      View Details
    • Contact for pricing
      7,000 SF

      Downtown Office with Exposed Brick

      Unique office space near Salt Palace Convention Center and City Creek.
      59 West Ct South, Salt Lake City, UT 84101
      View Details
    • $4,500,000
      4,950 SF

      Downtown SLC Warehouse - $4.5M

      Prime Salt Lake City warehouse, excellent development potential.
      270 600, Salt Lake City, UT 84101
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      30,285 SF

      Main Street Retail/Industrial

      Salt Lake City, UT - 30,285 SF
      808 Main St, Salt Lake City, UT 84101
      View Details
    • $24 SF/Yr
      25,200 SF

      Historic Salt Lake City Office Building

      Entire 25,200 SF Building Available
      276 100, Salt Lake City, UT 84101
      View Details
    • Contact for pricing
      4,584 SF

      Journeyman Retail: Granary District

      Prime Salt Lake City retail space, 4,584 sq ft.
      404 700, Salt Lake City, UT 84101
      View Details
    • Contact for pricing
      51,982 SF

      Post District Retail Space

      Salt Lake City mixed-use opportunity.
      600 400, Salt Lake City, UT 84101
      View Details
    • $22 SF/Yr
      4,500 SF

      Salt Lake City Industrial Space

      4,500 SF Shop, Short-Term Lease
      435 Fayette Ave, Salt Lake City, UT 84101
      View Details
    • $20 SF/Yr
      21,039 SF

      Industry SLC: Granary District Office Space

      Modern Offices, Flexible Sizes, Salt Lake City
      650 500, Salt Lake City, UT 84101
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    232 800th S
    Salt Lake City, UT 84101-2907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.