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Property profile & analytics
OFF-MARKET
Commercial land
324 State St, Salt Lake City, UT 84111-2321
Entity Owned
~
Est. High Equity
Property ID
US86-0638253
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.1 ac (4,356 SF)
Zoning code
D-1
APN
16-06-301-030
UPID
US86-0638253
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
-
Mortenson Company Construction Company General Contractor
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Rural Development State Government Office
-
Spectrum Engineers - Salt Lake City UT Location Fire Protection Consultant Lighting Consultant
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TBCx Building Consultant
-
RDC+EA LLLP Engineering Consultant
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
Extra Space Of 2267 LLC
Extra Space Of 2267 LLC
since 2025
7 recorded transactions
Zoning & alternative use
D-1 · 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
$3,962
Tax year 2023
Assessed value
$400,800
Assessed 2023
Previous assessed
$400,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$400,800
Land market value
$400,800
Total market value
$400,800
Applied tax rate
1.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.1 ac (4,356 SF)
Zoning code
D-1
APN
16-06-301-030
UPID
US86-0638253
Jurisdiction
SALT LAKE
Zoning & alternative use
D-1 · Salt Lake City, UT
Zoning D-1 · permitted uses
D-1 · 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
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
Extra Space Of 2267 LLC
Entity
Mailing address
324 SLC INVESTORS LLC, MINNEAPOLIS, MN 55422
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2025
—
Extra Space Of 2267 LLC
324 Slc Investors LLC
Deed
—
Jul 30, 2024
—
324 Slc Investors LLC
—
Deed
related
$1,000 · Equitrust Life Insurance Company
Sep 17, 2020
—
324 Slc Investors LLC
Hp 324 State Street LLC
Quit Claim Deed
$36,790,000 · Miscellaneous Ins Co
Jun 23, 2020
—
324 State Street LLC
—
Deed
related
$16,750,000 · Bank Of America
Apr 6, 2017
—
324 State Street LLC
324 State Street Partners LLC
Quit Claim Deed
$19,710,000 · Bank Of America
Sep 27, 2011
—
324 State Street Partners LLC
—
Deed Of Trust
related
$11,199,999 · City National Bank
Oct 2, 2009
—
324 State Street Partners LLC
—
Deed Of Trust
related
$12,000,000 · City National Bank
Mar 19, 2009
—
324 State Street Partners LLC
—
Grant Deed
related
$12,950,000 · City National Bank
Jul 14, 2006
—
324 State Street Partners LLC
324 State Street Partners LLC
Quit Claim Deed
related
—
Jul 20, 2004
$8,055,000
324 State Street Partners LLC
Jacobsen,craig T
Trustees Deed
—
—
—
324 Statee Street Partners LLC
—
Loan Modification
related
—
—
—
324 State Street LLC
—
Loan Modification
related
$16,750,000 · Bank Of America
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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