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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Bars & Pubs
327 200th W Salt Lake City, UT 84101-2494
Entity Owned
5-yr Hold
Free & Clear
Property ID
US86-0259904
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Total area
22,502 SF
Lot
0.24 ac (10,454 SF)
Zoning code
D-3
APN
15-01-403-005
UPID
US86-0259904
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
-
Melissa Comrie Real Estate Agency
-
Finxa Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$870k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.11M
Owner & transaction history
Arena 327 LLC · 5 yrs held
Arena 327 LLC
since 2020
7 recorded transactions
Zoning & alternative use
D-3 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.7M
+12.0%
Auto repair, garage
$1.6M
+7.4%
Commercial (general)
$1.6M
+6.6%
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
$870,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,510,000
Current use
WAREHOUSE, STORAGE
$1,695,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,625,000
Change: +7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,610,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,215,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$49 / 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
$47,914
Tax year 2022
Assessed value
$4,547,200
Assessed 2023
Previous assessed
$4,547,200
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,170,500
Assessed improvement
$3,376,700
Land market value
$1,170,500
Improvement market value
$3,376,700
Total market value
$4,547,200
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Total area
22,502 SF
Lot
0.24 ac (10,454 SF)
Zoning code
D-3
APN
15-01-403-005
UPID
US86-0259904
Jurisdiction
SALT LAKE
Zoning & alternative use
D-3 · Salt Lake City, UT
Zoning D-3 · permitted uses
D-3 · 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
RESTAURANT Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
RESTAURANT Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Arena 327 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
388 N MAIN ST, SALT LAKE CITY, UT 84103-1635
Ownership since
2020
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
Dec 30, 2025
—
Maxwell Pearler
—
Deed
related
$312,000 · Newrez LLC
Dec 18, 2020
—
Arena 327 LLC
327 W LLP
Quitclaim Deed
—
Apr 22, 2020
—
Lola Holdings LLC
Rocky Mtn Brewery Hldgs Lc
Grant Deed
—
Jan 2, 2019
—
Rocky Mtn Brewery Hldgs Lc
Metropolitan Properties LLC
Grant Deed
—
Oct 14, 2008
—
Metropolitan Properties LLC
Fontainbleau LLC
Warranty Deed
—
Apr 1, 2002
—
Fountainbleu LLC
Sowamco Xxviii Ltd
Grant Deed
related
—
Mar 27, 2002
—
Sowamco Xxviii Ltd
Wamco Xxviii Ltd
Quit Claim Deed
related
—
Mar 27, 2002
$7,340,000
Wamco Xxviii Ltd
Westside Dixon Associates LLC
Trustees Deed
—
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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