Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,785,000
Hotels
2350 Foothill Dr Salt Lake City, UT 84109-1404
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US86-0874080
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2015
Total area
63,037 SF
Lot
1.58 ac (68,825 SF)
Zoning code
CB
APN
16-23-152-015
UPID
US86-0874080
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
-
Home2 Suites by Hilton Salt Lake City-East Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Canyon Rim Park Park
-
Lefavi Financial Center Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.97M
Blend (final)
Blend
$1.79M
Owner & transaction history
Utah Dept Of Transportation · 6 yrs held
Utah Dept Of Transportation
since 2019
7 recorded transactions
Zoning & alternative use
CB · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,575,000
Current use
Blend value · Realmo final
$1.79M
Range $1.61M – $1.96M · ±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
$28 / 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
$114,186
Tax year 2023
Assessed value
$11,550,300
Assessed 2023
Previous assessed
$11,550,300
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$3,014,500
Assessed improvement
$8,535,800
Land market value
$3,014,500
Improvement market value
$8,535,800
Total market value
$11,550,300
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
2015
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Units
105
Total area
63,037 SF
Lot
1.58 ac (68,825 SF)
Zoning code
CB
APN
16-23-152-015
UPID
US86-0874080
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
HOTEL/MOTEL Current
Est. value
$1.6M
HOTEL/MOTEL Current
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
2015
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
105
Lot
1.58 ac
Current owner
From public records · entity-resolved
Utah Dept Of Transportation
Entity
Mailing address
1018 W ATHERTON DR, SALT LAKE CITY, UT 84123-3470
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2019
—
Utah Dept Of Transportation
Foothill Hotel Partners LLC
Warranty Deed
—
Apr 17, 2018
—
Foothill Hotel Partners LLC
—
Deed
related
$11,375,000 · Ubs Ag
Nov 12, 2014
—
Foothill Hotel Partners LLC
Frog Bench LLC
Grant Deed
$10,047,200 · Bank Of Ut
Jul 18, 2013
—
Frog Bench LLC
Corbett Foothill LLC
Grant Deed
related
—
May 12, 2005
—
Corbett Foothill LLC
Boyd Summerhays Lc
Warranty Deed
$3,427,165 · Frank L Corbett
—
—
Foothill Hotel Partners LLC
—
Deed Of Trust
related
$3,886,000 · Mountain W Small Busn Fin
—
—
Frog Bench LLC
—
Deed Of Trust
related
$1,350,000 · Bank Of Ut
—
—
Foothill Hotel Partners LLC
—
Deed Of Trust
related
$11,375,000 · Ubs Ag
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2350 Foothill Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
