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Property profile & analytics
OFF-MARKET
Assisted living facilities
2487 700th E, Salt Lake City, UT 84106-1722
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US86-0571716
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1888
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,209 SF
Lot
0.59 ac (25,700 SF)
Zoning code
RMF-30
APN
16-20-304-009
UPID
US86-0571716
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
-
7th Street Treatment Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
7th Street · 8 yrs held
7th Street
since 2017
7 recorded transactions
Zoning & alternative use
RMF-30 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$1,498,000
Assessed 2023
Previous assessed
$1,498,000
+0.0% YoY
Assessed land
$748,000
Assessed improvement
$750,000
Land market value
$748,000
Improvement market value
$750,000
Total market value
$1,498,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1888
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
YES
Buildings
5
Stories
1
Units
1
Rooms
13
Bathrooms
3
Total area
5,209 SF
Lot
0.59 ac (25,700 SF)
Zoning code
RMF-30
APN
16-20-304-009
UPID
US86-0571716
Jurisdiction
SALT LAKE
Zoning & alternative use
RMF-30 · Salt Lake City, UT
Zoning RMF-30 · permitted uses
RMF-30 · 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
1888
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
5
Units
1
Rooms
13
Bathrooms
3
Lot
0.59 ac
Current owner
From public records · entity-resolved
7th Street
Individual
Mailing address
7TH ST 1472ND E RAMONA AVE, SALT LAKE CITY, UT 84105
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2017
—
7th Street
Lear,jon
Warranty Deed
—
Jan 17, 2017
—
Jon Lear
Academy Investments LLC
Warranty Deed
—
Jul 19, 2004
—
Rodney B Brown
Kehl,cheryl
Quit Claim Deed
$408,000 · Far West Federal Bank
Feb 28, 2001
—
Rodney B Brown
Iris Lc
Grant Deed
$328,000 · Accredited Home Lenders
Nov 17, 1995
—
L C Iris
Brown,rodney B
Grant Deed
related
—
Sep 19, 1995
—
Rodney B Brown
Bellamy,christopher A
Grant Deed
$252,000 · Beehive Cu
—
—
Academy Investments LLC
—
Deed Of Trust
related
$143,000 · Far West Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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