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Property profile & analytics
OFF-MARKET
Investment properties
3115 Lion Ln 140 Salt Lake City, UT 84121-3524
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0439093
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1999
Construction
WOOD FRAME
Total area
1,465 SF
Lot
0.01 ac (436 SF)
Zoning code
O-R-D
APN
22-23-252-020
UPID
US86-0439093
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
-
Dr. Steven W. Spurrier, DDS Dental Office
-
Spurrier Orthodontics Dental Office
-
HealthBridge Insurance Solutions - Salt Lake City Medicare Plans & Agents Insurance Agency
-
The Stone Law Firm Law Firm
-
A Strategic Advantage Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ward Md LLC & Form Med Spa LLC · 4 yrs held
Ward Md LLC & Form Med Spa LLC
since 2021
5 recorded transactions
Zoning & alternative use
O-R-D · Salt Lake City, 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,437
Tax year 2023
Assessed value
$527,400
Assessed 2023
Previous assessed
$527,400
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$158,200
Assessed improvement
$369,200
Land market value
$158,200
Improvement market value
$369,200
Total market value
$527,400
Applied tax rate
82.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Total area
1,465 SF
Lot
0.01 ac (436 SF)
Zoning code
O-R-D
APN
22-23-252-020
UPID
US86-0439093
Jurisdiction
SALT LAKE
Zoning & alternative use
O-R-D · Salt Lake City, UT
Zoning O-R-D · permitted uses
O-R-D · 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.
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Ward Md LLC & Form Med Spa LLC
Entity
Mailing address
6322 S 3000TH E, SALT LAKE CITY, UT 84121-6922
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
—
Ward Md LLC & Form Med Spa LLC
Blue Sky View Holdings LLC
Lease
—
May 24, 2021
—
Blue Sky View Holdings LLC
Krystle M LLC
Warranty Deed
$725,000 · Hillcrest Bank
Jan 30, 2015
—
Business Man LLC
Djh Holdings LLC
Special Warranty Deed
—
Jun 18, 2004
—
Djh Holdings LLC
Williams,peter N & Michele M
Grant Deed
related
$817,600 · Wells Fargo Bank
—
—
Business Man LLC
—
Deed Of Trust
related
$439,000 · Mountain W Small Busn Fin
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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