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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Retail space
3092 Highland Dr Salt Lake City, UT 84106-3047
Individually Owned
6-yr Hold
Free & Clear
Property ID
US86-0939698
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
15,910 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C3
APN
16-29-428-017
UPID
US86-0939698
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
-
Adib's Rug Gallery (Bike/Boat/Book/etc) Store Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.49M
Blend (final)
Blend
$1.18M
Owner & transaction history
Millcreek · 6 yrs held
Millcreek
since 2019
7 recorded transactions
Zoning & alternative use
C3 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+18.6%
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
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,460,000
Current use
COMMERCIAL (GENERAL)
$1,730,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,265,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$74 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$35,909
Tax year 2022
Assessed value
$3,068,400
Assessed 2023
Previous assessed
$3,068,400
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$963,400
Assessed improvement
$2,105,000
Land market value
$963,400
Improvement market value
$2,105,000
Total market value
$3,068,400
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
15,910 SF
Lot
0.98 ac (42,689 SF)
Zoning code
C3
APN
16-29-428-017
UPID
US86-0939698
Jurisdiction
SALT LAKE
Zoning & alternative use
C3 · Salt Lake City, UT
Zoning C3 · permitted uses
C3 · 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
RETAIL STORES Current
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1950
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Millcreek
Individual
Free & Clear · 6 yrs held
Mailing address
3092 S HIGHLAND DR, SALT LAKE CITY, UT 84106-3047
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2019
—
Millcreek
Villas At Millereek LLC
Quit Claim Deed
related
—
Apr 24, 2019
—
Villas At Millcreek LLC
Atlas Ventures LLC
Grant Deed
related
—
Apr 17, 2019
—
Villa Investment Group
Villa Investment Group LLC
Quit Claim Deed
related
—
Dec 28, 2018
—
Atlas Ventures LLC
Cottonwood At Brickyard LLC
Grant Deed
related
—
Aug 30, 2018
—
Cottonwood At Brickyard LLC
Atlas Ventures LLC
Grant Deed
related
—
Jun 28, 2017
—
Atlas Ventures LLC
Villa Investment Group LLC
Warranty Deed
related
—
May 6, 2014
—
Villa Investment Group LLC
Adib Ents INC
Warranty Deed
$699,109 · Wells Fargo Bk
Jan 24, 2005
—
Salt Lake County
Adib Ents INC
Warranty 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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