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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Turn key restaurants
287 2700th S, South Salt Lake, UT 84115-3234
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0517327
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,512 SF
Lot
0.68 ac (29,621 SF)
Zoning code
CC
APN
16-19-377-026
UPID
US86-0517327
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$641k
Blend (final)
Blend
$515k
Owner & transaction history
Pho 33 INC · 4 yrs held
Pho 33 INC
since 2022
7 recorded transactions
Zoning & alternative use
CC · South Salt Lake, 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 South Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Salt Lake 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
$390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$61 / 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
$16,151
Tax year 2023
Assessed value
$1,444,100
Assessed 2023
Previous assessed
$1,444,100
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$570,800
Assessed improvement
$873,300
Land market value
$570,800
Improvement market value
$873,300
Total market value
$1,444,100
Applied tax rate
14.0000
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
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
8,512 SF
Lot
0.68 ac (29,621 SF)
Zoning code
CC
APN
16-19-377-026
UPID
US86-0517327
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · South Salt Lake, UT
Zoning CC · permitted uses
CC · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Salt Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Pho 33 INC
Entity
Mailing address
285 E 2700TH S, SOUTH SALT LAKE, UT 84115-3234
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
—
Pho 33 INC
Tran Real Estate LLC
Lease
—
Mar 29, 2022
—
Tran Real Estate LLC
—
Deed
related
$590,000 · Mountain West Small Business Finance
Mar 16, 2022
—
Tran Real Estate LLC
Do Eat Holdings LLC
Warranty Deed
$710,000 · Mountain America FCU
Jan 24, 2022
—
Do Eat Holdings LLC
—
Deed
related
$450,000 · The Jimmy Wu Living Trust
Feb 5, 2021
—
De Eat Holdings LLC
—
Deed
related
$370,000 · Jimmy Wu Living Trust
Dec 27, 2019
—
Do Eat Holdings LLC
Creditors Guoren L Trus
Warranty Deed
$1,020,000 · Actium High Yield Ln Fund III
Mar 8, 2019
—
Do Eat Holdings LLC
Creditors Guoren L Trust
Correction Deed
—
Aug 17, 2018
—
Qing Y Zhou
—
Deed
related
$440,000 · Actium Ln Mgmt LLC
Jun 29, 2017
—
Qing Y Zhou
The Guoren LLP Creditors Trust
Warranty Deed
$400,000 · Cyprus Bank Credit Union
Sep 11, 2013
—
Guoren LLP Creditors Trust
Zhou,qingyu
Quit Claim Deed
related
—
Jul 17, 2013
—
Qingyu Zhou
Wimmer,douglas G & Paulene
Warranty Deed
$300,000 · Douglas G & Paulene Wimmer
Aug 30, 2004
—
Kathleen F Thompson
Farrer,evelyn D
Affidavit Of Death
related
—
—
—
Qing Y Zhou
—
Deed Of Trust
related
$440,000 · Actium Ln Mgmt LLC
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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