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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Specialty properties
245 State St Salt Lake City, UT 84111-1733
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US86-0688802
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2021
Total area
134,860 SF
Lot
0.01 ac (436 SF)
Zoning code
D1
APN
16-06-158-002
UPID
US86-0688802
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
-
MOTUM HAUS Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.23M
Owner & transaction history
255 State LLC · 5 yrs held
255 State LLC
since 2020
7 recorded transactions
Zoning & alternative use
D1 · 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
$1,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±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
$16 / 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
$145,735
Tax year 2023
Assessed value
$23,361,580
Assessed 2023
Previous assessed
$23,361,580
+0.0% YoY
Effective rate
0.62%
On assessed value
Assessed land
$3,449,590
Assessed improvement
$19,911,990
Land market value
$3,449,590
Improvement market value
$19,911,990
Total market value
$23,361,580
Applied tax rate
1.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
YES
Buildings
5
Stories
1
Units
11
Total area
134,860 SF
Lot
0.01 ac (436 SF)
Zoning code
D1
APN
16-06-158-002
UPID
US86-0688802
Jurisdiction
SALT LAKE
Zoning & alternative use
D1 · Salt Lake City, UT
Zoning D1 · permitted uses
D1 · 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.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Units
11
Lot
0.01 ac
Current owner
From public records · entity-resolved
255 State LLC
Entity
Mailing address
1603 ORRINGTON AVE, EVANSTON, IL 60201-3841
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
—
255 State 4 LLC
—
Deed
related
$31,000,000 · Zb NA
Dec 30, 2020
—
255 State LLC
Brinshore Utah LLC
Grant Deed
$356,114 · Redevelopment Agcy/salt Lk Cit
Dec 29, 2020
—
Brinshore Utah LLC
Redevelopment Agcy Of Salt Lk Cit
Grant Deed
—
Dec 28, 2018
—
Redevelopment Agcy Of Salt Lk
Sheriff Of Salt Lake County|tannach Properties LLC
Trustees Deed
related
—
—
—
Tannach Properties LLC
—
Deed Of Trust
related
$205,000 · Logue Foundation
—
—
Tannach Properties LLC
—
Deed Of Trust
related
$500,000 · Olene Walker Hsng Ln Fnd
—
—
Tannach Properties LLC
—
Deed Of Trust
related
$250,000 · Olene Walker Hsng Ln Fnd
—
—
Tannach Properties LLC
—
Deed Of Trust
related
$500,000 · Neighborhood Stabilization P 3
—
—
Tannach Properties LLC
—
Deed Of Trust
related
$4,000,000 · Neighborhood Stabilization P 3
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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