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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Investment properties
248 100th S, Salt Lake City, UT 84111-1605
Entity Owned
1-yr Hold
Property ID
US86-0465885
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,241 SF
Lot
0.4 ac (17,424 SF)
Zoning code
R-MU
APN
16-06-129-033
UPID
US86-0465885
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
-
Nostalgia Café Cafe & Coffee Shop
-
Hope and Love Gifts (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$615k
Owner & transaction history
248 East 100 South LLC · 1 yrs held
248 East 100 South LLC
since 2025
5 recorded transactions
Zoning & alternative use
R-MU · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$675,000
+25.8%
Restaurant
$650,000
+21.1%
Auto repair, garage
$580,000
+8.5%
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
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
RETAIL STORES
$675,000
Change: +26% · Conversion: Easy
RESTAURANT
$650,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$580,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$460,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$75 / 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
$23,870
Tax year 2023
Assessed value
$2,414,500
Assessed 2023
Previous assessed
$2,414,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,279,400
Assessed improvement
$1,135,100
Land market value
$1,279,400
Improvement market value
$1,135,100
Total market value
$2,414,500
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
8,241 SF
Lot
0.4 ac (17,424 SF)
Zoning code
R-MU
APN
16-06-129-033
UPID
US86-0465885
Jurisdiction
SALT LAKE
Zoning & alternative use
R-MU · Salt Lake City, UT
Zoning R-MU · permitted uses
R-MU · 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
COMMERCIAL (GENERAL) Current
Est. value
$535,000
RETAIL STORES
Est. value
$675,000
RESTAURANT
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$580,000
WAREHOUSE, STORAGE
Est. value
$460,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1927
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.4 ac
Current owner
From public records · entity-resolved
248 East 100 South LLC
Entity
Mailing address
750 N 1250TH W, CENTERVILLE, UT 84014-3452
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2025
—
248 East 100 South LLC
Studio Row LLC
Special Warranty Deed
—
Jul 31, 2013
—
Studio Row LLC
1st South Properties LLC
Warranty Deed
—
Jan 15, 1999
—
South Properties LLC
French Quarter Ltd
Grant Deed
$737,000 · Us Bank
—
—
Studio Row LLC
—
Deed Of Trust
related
$600,000 · Key Bank & Trust
—
—
Studio Row LLC
—
Deed Of Trust
related
$750,000 · Key Bank & Trust
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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