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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Apartment buildings
3023 700th E Salt Lake City, UT 84106-3786
Entity Owned
4-yr Hold
Free & Clear
Property ID
US86-0502464
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,036 SF
Lot
0.42 ac (18,295 SF)
Zoning code
R-1-6
APN
16-29-156-018
UPID
US86-0502464
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
-
Alta Millcreek Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$640k
Owner & transaction history
320 Post Road West LLC · 4 yrs held
320 Post Road West LLC
since 2022
3 recorded transactions
Zoning & alternative use
R-1-6 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+114.3%
Restaurant
$1.0M
+108.2%
Commercial (general)
$875,000
+76.5%
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
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$495,000
Current use
MEDICAL BUILDING
$1,060,000
Change: +114% · Conversion: Moderate
RESTAURANT
$1,030,000
Change: +108% · Conversion: Difficult
COMMERCIAL (GENERAL)
$875,000
Change: +77% · Conversion: Moderate
RETAIL STORES
$735,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$640,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$585,000
Change: +18% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$400,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$80 / 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
$18,152
Tax year 2023
Assessed value
$2,805,400
Assessed 2023
Previous assessed
$2,805,400
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$571,900
Assessed improvement
$2,233,500
Land market value
$571,900
Improvement market value
$2,233,500
Total market value
$2,805,400
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
1
Units
6
Total area
8,036 SF
Lot
0.42 ac (18,295 SF)
Zoning code
R-1-6
APN
16-29-156-018
UPID
US86-0502464
Jurisdiction
SALT LAKE
Zoning & alternative use
R-1-6 · Salt Lake City, UT
Zoning R-1-6 · permitted uses
R-1-6 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$495,000
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$875,000
RETAIL STORES
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$640,000
WAREHOUSE, STORAGE
Est. value
$585,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$400,000
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
2
Units
6
Lot
0.42 ac
Current owner
From public records · entity-resolved
320 Post Road West LLC
Entity
Free & Clear · 4 yrs held
Mailing address
26101 EUCALYPTUS LN, LOS ALTOS HILLS, CA 94022-2074
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2022
—
320 Post Road West LLC
Alta Milicreek Apartments LLC
Special Warranty Deed
—
Jun 24, 2019
—
Alta Millcreek Apartments LLC
Millcreek Apartments LP
Quit Claim Deed
related
$1,519,000 · Loan Funder LLC Series 7994
Mar 29, 2019
—
Millcreek Apartments LP
—
Grant Deed
related
$20,650,000 · Loancore Cap Credit Reit 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.
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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