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Property profile & analytics
OFF-MARKET
Turn key restaurants
271 Ctr St, Salt Lake City, UT 84103-1913
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US86-1449689
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,019 SF
Lot
0.25 ac (10,890 SF)
Zoning code
RMF-45
APN
08-36-435-019
UPID
US86-1449689
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
-
Em's Restaurant Restaurant
-
Arlo Restaurant Restaurant
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
Em-gg Lc · 20 yrs held
Em-gg Lc
since 2005
5 recorded transactions
Zoning & alternative use
RMF-45 · 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
Tax billed
$3,187
Tax year 2023
Assessed value
$322,400
Assessed 2023
Previous assessed
$322,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$294,900
Assessed improvement
$27,500
Land market value
$294,900
Improvement market value
$27,500
Total market value
$322,400
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
YES
Buildings
2
Stories
1
Rooms
5
Bathrooms
1
Total area
2,019 SF
Lot
0.25 ac (10,890 SF)
Zoning code
RMF-45
APN
08-36-435-019
UPID
US86-1449689
Jurisdiction
SALT LAKE
Zoning & alternative use
RMF-45 · Salt Lake City, UT
Zoning RMF-45 · permitted uses
RMF-45 · 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
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
OTHER
Cooling
Yes
Stories
1
Buildings
2
Rooms
5
Bathrooms
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Em-gg Lc
Individual
Mailing address
263 N CTR ST, SALT LAKE CITY, UT 84103-1913
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
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
Nov 15, 2005
—
Em-gg Lc
Cooper,c F
Quit Claim Deed
$100,000 · Celtic Bank Corp
Jan 31, 2002
—
Caphill Partners Lc
Hopfenbeck,kristin
Grant Deed
$350,000 · Irwin Union Bank Fsb
Jan 7, 2002
—
Kristin Hopfenbeck
Jones,cary D
Grant Deed
related
—
Aug 16, 2000
—
C F Cooper
Caphill Partners Lc
Grant Deed
related
—
—
—
Em-gg Lc
—
Deed Of Trust
related
$386,250 · Zions First National 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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