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Property profile & analytics
OFF-MARKET
Estimated value
$3,740,000
Retail space
331 Pierpont Ave Salt Lake City, UT 84101-1712
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0578727
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
70,875 SF
Lot
1.03 ac (44,867 SF)
Zoning code
D-3
APN
15-01-182-001
UPID
US86-0578727
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
-
Downtown Audio Electronics & Wireless Store
-
Audio Design & Automation Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.74M
Owner & transaction history
Ap 325 331 W Pierpont Ave LLC · 2 yrs held
Ap 325 331 W Pierpont Ave LLC
since 2024
7 recorded transactions
Zoning & alternative use
D-3 · 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
$53 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$99,152
Tax year 2023
Assessed value
$11,053,380
Assessed 2023
Previous assessed
$11,053,380
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,851,290
Assessed improvement
$9,202,090
Land market value
$1,851,290
Improvement market value
$9,202,090
Total market value
$11,053,380
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
3
Stories
1
Units
1
Total area
70,875 SF
Lot
1.03 ac (44,867 SF)
Zoning code
D-3
APN
15-01-182-001
UPID
US86-0578727
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.
Building & site characteristics
From public records
Year built
1910
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
3
Units
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Ap 325 331 W Pierpont Ave LLC
Entity
Ownership since
2024
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
May 6, 2024
—
Ap 325 331 W Pierpont Ave LLC
Salt Lake City Corporation
Agreement Of Sale
—
Jan 11, 2022
—
Ap 325 331 W Pierpont Ave LLC
—
Deed
related
$125,000,000 · Truist Bank
Jun 7, 2021
—
Ap 325 331 W Pierpont Ave LLC
Pierpont Tpii LLC
Special Warranty Deed
—
Dec 30, 2020
—
Pierpont Tpii LLC
—
Deed
related
$7,350,000 · University First FCU
Jan 31, 2017
—
Pierpont Tpii LLC
—
Deed
related
$5,500,000 · Wells Fargo Bank NA
Jan 26, 2015
—
Pierpont Tpii LLC
Goldberg,allan
Grant Deed
$2,050,000 · Allan Goldberg
Apr 5, 2010
—
Lag Properties Lc
Goldberg,linda A
Quit Claim Deed
related
—
—
—
Allan Goldberg
—
Deed Of Trust
related
$300,000 · Martin & Sheila Gelman
—
—
Allan Goldberg
—
Deed Of Trust
related
$387,000 · Troyco Lc
—
—
Allan Goldberg
—
Deed Of Trust
related
$20,000 · Cohne Rappaport & Segal PC
—
—
Allan Goldberg
—
Deed Of Trust
related
$213,900 · Troyco Lc
—
—
Allan Goldberg
—
Deed Of Trust
related
$200,000 · Martin & Sheila Gelman
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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