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Property profile & analytics
OFF-MARKET
Estimated value
$5,745,000
Investment properties
3440 500th E Salt Lake City, UT 84106-1243
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0393913
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1968
Construction
WOOD FRAME
Total area
31,218 SF
Lot
4.44 ac (193,406 SF)
Zoning code
RM
APN
16-30-457-022
UPID
US86-0393913
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
-
The 500 Apartments Apartment Complex
-
The 500 Townhome Apartments Apartment Complex Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.63M
Comparable Approach
Comparable
$4.86M
Blend (final)
Blend
$5.75M
Owner & transaction history
Five Hundred Ut LLC · 3 yrs held
Five Hundred Ut LLC
since 2022
6 recorded transactions
Zoning & alternative use
RM · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+21.4%
Restaurant
$4.0M
+17.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,180,000
6.5%
$6,630,000
7%
$6,155,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,120,000
Change: +21% · Conversion: Easy
RESTAURANT
$4,000,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$5.75M
Range $5.17M – $6.32M · ±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
$184 / 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
$149,837
Tax year 2023
Assessed value
$23,266,800
Assessed 2023
Previous assessed
$23,266,800
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$3,207,100
Assessed improvement
$20,059,700
Land market value
$3,207,100
Improvement market value
$20,059,700
Total market value
$23,266,800
Applied tax rate
14.0000
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
1968
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
7
Stories
2
Units
1
Total area
31,218 SF
Lot
4.44 ac (193,406 SF)
Zoning code
RM
APN
16-30-457-022
UPID
US86-0393913
Jurisdiction
SALT LAKE
Zoning & alternative use
RM · Salt Lake City, UT
Zoning RM · permitted uses
RM · 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
MEDICAL BUILDING
Est. value
$4.1M
RESTAURANT
Est. value
$4.0M
MEDICAL BUILDING
RESTAURANT
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
1968
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
7
Units
1
Lot
4.44 ac
Current owner
From public records · entity-resolved
Five Hundred Ut LLC
Entity
Mailing address
2040 WEBSTER ST, SAN FRANCISCO, CA 94115-2330
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2022
—
Five Hundred Ut LLC
Ru 500 LLC
Special Warranty Deed
$17,186,000 · Berkadia Commercial Mortgage LLC
Dec 20, 2016
—
Ru 500 LLC
Villa Franche Investments LLC
Grant Deed
$10,600,000 · Northmarq Cap Fin
Mar 14, 2013
—
Villa Franche Investments LLC
Villa Franche Lc
Quit Claim Deed
—
Feb 9, 2005
—
Villa Franche Investments LLC
Villa Franche Lc
Quit Claim Deed
—
—
—
Villa Franche Lc
—
Deed Of Trust
related
$3,000,000 · Pw Funding INC
—
—
Villa Franche Investments LLC
—
Deed Of Trust
related
$4,750,000 · Citibank Fsb
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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