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Property profile & analytics
FOR LEASE
Investment properties
2964 W 4700 S Salt Lake City, UT 84129
Trust Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0279006
For Lease
1 / 2
$18.35 SF/Yr
2964 W 4700 S, Salt Lake City, UT 84129
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Property summary
AI-generated overview
West Town Plaza, located at 2964 W 4700 S in Salt Lake City, Utah, presents a unique opportunity for multiple retail or office tenants. This Class C property offers a total of 9 available spaces, ranging from 858 to 2,060 square feet, with a total of 5,385 square feet currently vacant. The minimum divisible space is 892 square feet, providing flexibility for businesses of varying sizes. The property is categorized as both storefront and office space, making it suitable for a diverse range of commercial uses. Convenient parking is available, with a ratio of 4 spaces per 1,000 square feet. Situated in Salt Lake County, this location provides excellent access to local amenities and a strong customer base. The property's multiple tenancy structure allows for a vibrant and diverse commercial environment. This is an ideal opportunity for businesses seeking a well-located, adaptable space in a thriving Salt Lake City neighborhood. The zip code is 84129. The property is easily accessible via its location in Salt Lake City, Utah. This retail space offers a compelling opportunity for businesses looking to establish or expand their presence in a dynamic market.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
37,514 SF
Lot
2.48 ac (108,029 SF)
Zoning code
C-2
APN
21-04-351-019
UPID
US86-0279006
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
$935k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$1.54M
Owner & transaction history
Trone Town Trust · 21 yrs held
Trone Town Trust
since 2005
1 recorded transaction
Zoning & alternative use
C-2 · Taylorsville, 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
Method
Estimation
Statistic approach
by Request
ML approach
$935,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±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
$41 / 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
$36,626
Tax year 2023
Assessed value
$3,056,200
Assessed 2023
Previous assessed
$3,056,200
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,454,100
Assessed improvement
$1,602,100
Land market value
$1,454,100
Improvement market value
$1,602,100
Total market value
$3,056,200
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Lease
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
7
Total area
37,514 SF
Lot
2.48 ac (108,029 SF)
Zoning code
C-2
APN
21-04-351-019
UPID
US86-0279006
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Taylorsville, UT
Zoning C-2 · permitted uses
C-2 · Taylorsville, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Taylorsville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
7
Lot
2.48 ac
Current owner
From public records · entity-resolved
Trone Town Trust
Trust
Free & Clear · 21 yrs held
Mailing address
716 E 4500TH S, SALT LAKE CITY, UT 84107-3080
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2005
—
Trone Town Trust
Robert A Trone
Quit Claim Deed
related
—
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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