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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Apartment buildings
255 800th S Salt Lake City, UT 84101-2909
Trust Owned
8-yr Hold
~
Est. High Equity
Property ID
US86-0899117
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2015
Total area
11,533 SF
Lot
0.45 ac (19,602 SF)
Zoning code
FB-UN2
APN
15-12-252-043
UPID
US86-0899117
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
-
Prana Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$504k
Blend (final)
Blend
$675k
Owner & transaction history
Charles,kevin & Kimberly Trust · 8 yrs held
Charles,kevin & Kimberly Trust
since 2017
3 recorded transactions
Zoning & alternative use
FB-UN2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$870,000
+151.7%
Auto repair, garage
$830,000
+141.5%
Commercial (general)
$825,000
+139.7%
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
$845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$870,000
Change: +152% · Conversion: Difficult
AUTO REPAIR, GARAGE
$830,000
Change: +141% · Conversion: Difficult
COMMERCIAL (GENERAL)
$825,000
Change: +140% · Conversion: Moderate
RESTAURANT
$775,000
Change: +125% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$620,000
Change: +80% · Conversion: Difficult
Blend value · Realmo final
$675k
Range $608k – $743k · ±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
$59 / 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
$42,969
Tax year 2023
Assessed value
$7,902,600
Assessed 2023
Previous assessed
$7,902,600
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$1,299,400
Assessed improvement
$6,603,200
Land market value
$1,299,400
Improvement market value
$6,603,200
Total market value
$7,902,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2015
Heating
NONE
Cooling
YES
Buildings
7
Stories
3
Units
10
Total area
11,533 SF
Lot
0.45 ac (19,602 SF)
Zoning code
FB-UN2
APN
15-12-252-043
UPID
US86-0899117
Jurisdiction
SALT LAKE
Zoning & alternative use
FB-UN2 · Salt Lake City, UT
Zoning FB-UN2 · permitted uses
FB-UN2 · 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
WAREHOUSE, STORAGE
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$825,000
RESTAURANT
Est. value
$775,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
INDUSTRIAL (GENERAL)
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
3
Buildings
7
Units
10
Lot
0.45 ac
Current owner
From public records · entity-resolved
Charles,kevin & Kimberly Trust
Trust
Mailing address
517 MSN DR, MIDWAY, UT 84049-5501
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2017
—
Charles,kevin & Kimberly Trust
Lotus Prana LLC
Warranty Deed
$3,399,000 · Deutsche Bk Tr #2017-sb28 (ce)
Nov 8, 2016
—
Lotus Prana LLC
—
Deed
related
$3,399,000 · Cbre Cap Markets
—
—
Lotus Prana LLC
—
Deed Of Trust
related
$3,399,000 · Cbre Cap Markets
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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