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Property profile & analytics
FOR LEASE
Medical Office Space
345 E 4500 S, Salt Lake City, UT 84107
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0554441
For Lease
1 / 2
$1,265,000
345 E 4500 S, Salt Lake City, UT 84107
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1978
Construction
WOOD FRAME
Total area
10,648 SF
Lot
0.54 ac (23,522 SF)
Zoning code
R-M-20
APN
22-06-401-001
UPID
US86-0554441
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
-
Audrey Jones Foster Care Service Social Service Agency
-
Rachael Rickard Foster Care Service Social Service Agency
-
Masina Decastro Foster Care Service Social Service Agency
-
Louise Clark Foster Care Service Social Service Agency
-
Jaymi Pasin Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.27M
Owner & transaction history
Mtp Operations LLC · 3 yrs held
Mtp Operations LLC
since 2022
6 recorded transactions
Zoning & alternative use
R-M-20 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$119 / 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
$10,073
Tax year 2023
Assessed value
$1,176,900
Assessed 2023
Previous assessed
$1,176,900
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$725,000
Assessed improvement
$451,900
Land market value
$725,000
Improvement market value
$451,900
Total market value
$1,176,900
Applied tax rate
21.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1978
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
2
Units
8
Total area
10,648 SF
Lot
0.54 ac (23,522 SF)
Zoning code
R-M-20
APN
22-06-401-001
UPID
US86-0554441
Jurisdiction
SALT LAKE
Zoning & alternative use
R-M-20 · Salt Lake City, UT
Zoning R-M-20 · permitted uses
R-M-20 · 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
1978
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Units
8
Lot
0.54 ac
Current owner
From public records · entity-resolved
Mtp Operations LLC
Entity
Mailing address
984 S 930TH W PAYSON
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
Nov 3, 2022
—
Mtp Operations LLC
Mbj Real Estate Holdings LLC
Warranty Deed
$510,000 · Hillcrest Bank
Jul 10, 2019
—
Real Estate Holdings LLC
—
Deed
related
$445,000 · Mountain W Small Busn Fin
Jul 3, 2019
—
Mbj Real Estate Holdings LLC
Matt L Dewaal
Warranty Deed
—
Dec 2, 1996
—
Dewaal,matt L
Paulson,frederick M
Trustees Deed
related
—
—
—
Real Estate Holdings LLC
—
Deed Of Trust
related
$445,000 · Mountain W Small Busn Fin
—
—
Matt L Dewaal
—
Deed Of Trust
related
$300,000 · Zions First National Bank
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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