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    Property profile & analytics

    3053 State St South Salt Lake, UT 84115-3848

    • Turn key restaurants
    • 7,626 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US86-0192692
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Comida venezolana / Restaurant
    • Vigil Motorcycle Services / Motorcycle Repair Shop
    • Antiform / Design Agency
    • ForeignWrapSolutions / Vinyl Sign Shop
    • Friday / Bakery

    Property Details for 3053 State St

    Year built
    1949
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.48 lot acres
    Property size
    7,626 SF
    Zone code
    CC
    Property type
    Turn key restaurants
    APN
    16-30-156-002
    APU
    1630156002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $435,000
      6.5%
      $445,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $410,000
      Retail
      $440,000
      Mixed-Use
      $470,000
      Hospitality
      $435,000
      Educational
      $395,000
      Residential Income
      $495,000
      Energy
      $405,000
      Income-Based Land
      $495,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    South Salt Lake
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.887
    Latitude
    40.7046
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,661
    $423,400
    $145,500
    $568,900
    -
    $423,400
    $145,500
    $568,900

    Comparable in this City

    • Value Estimation by Request
      4,531 SF

      2929 State St

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    • Value Estimation by Request
      3,200 SF

      54 1700th S

      RESTAURANT • 3,200 SF
      54 1700th S, Salt Lake City, UT 84115-1962
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      5,024 SF

      258 3300th S

      RESTAURANT • 5,024 SF
      258 3300th S, Salt Lake City, UT 84115-3441
      View Details
    • Value Estimation
      $405,000
      1,900 SF

      1337 Main St

      RESTAURANT • 1,900 SF
      1337 Main St, Salt Lake City, UT 84115-5311
      View Details
    • Value Estimation
      $290,000
      1,200 SF

      2701 Main St

      RESTAURANT • 1,200 SF
      2701 Main St, South Salt Lake, UT 84115-3521
      View Details
    • Value Estimation
      $425,000
      1,387 SF

      2115 State St

      RESTAURANT • 1,387 SF
      2115 State St, South Salt Lake, UT 84115-2721
      View Details

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    3053 State St
    South Salt Lake, UT 84115-3848
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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