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Property profile & analytics
FOR SALE
Investment properties
345 E Broadway Salt Lake City, UT 84111
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0237985
For Sale
1 / 2
$5,800,000
345 E Broadway, Salt Lake City, UT 84111
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,986 SF
Lot
0.63 ac (27,443 SF)
Zoning code
RMU
APN
16-06-252-010
UPID
US86-0237985
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
-
Metro National Title: Newman Alfred Insurance Agency
-
Metro National Title Title Company
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$605k
Owner & transaction history
345 East Associates LLC · 2 yrs held
345 East Associates LLC
since 2024
7 recorded transactions
Zoning & alternative use
RMU · 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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,005,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$605k
Range $545k – $666k · ±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
$34 / 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
$21,322
Tax year 2023
Assessed value
$2,156,800
Assessed 2023
Previous assessed
$2,156,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,694,100
Assessed improvement
$462,700
Land market value
$1,694,100
Improvement market value
$462,700
Total market value
$2,156,800
Applied tax rate
13.0000
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
For Sale
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
17,986 SF
Lot
0.63 ac (27,443 SF)
Zoning code
RMU
APN
16-06-252-010
UPID
US86-0237985
Jurisdiction
SALT LAKE
Zoning & alternative use
RMU · Salt Lake City, UT
Zoning RMU · permitted uses
RMU · 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
WAREHOUSE, STORAGE
Est. value
$1.0M
WAREHOUSE, STORAGE
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
345 East Associates LLC
Entity
Mailing address
345 E BROADWAY, SALT LAKE CITY, UT 84111-2604
Mailing matches property
Yes
Owner-occupied
Yes
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
—
345 East Associates LLC
—
Deed
related
$1,524,227 · University First FCU
May 21, 2024
—
345 East Associates LLC
345 East Associates LLC
Intrafamily Transfer
related
—
Jul 22, 2020
—
345 East Associates LLC
—
Deed
related
$919,000 · Altabank
Dec 19, 2019
—
345 East Associates LLC
—
Deed
related
$919,000 · Capital Cmnty Bk
Nov 26, 2019
—
345 East Associates LLC
Mi Loco Vida Lc
Special Warranty Deed
$1,838,000 · Capital Community Bank
Aug 17, 2018
—
Mi Loco Vida Lc
—
Deed
related
$300,000 · David M Kimball
Dec 19, 2005
—
Mi Loco Vida Lc
Newman,rodney A
Grant Deed
—
Jan 13, 2003
—
Rodney A Newman
Anzer,joachim R
Grant Deed
$1,116,000 · Community First National Bank
Aug 16, 2002
—
Joachim R Anzer
I-ling INC
Quit Claim Deed
related
$575,000 · First National Bank Layton
Oct 6, 2000
—
I-link INC
Broadway Associates
Quit Claim Deed
related
$840,000 · Zions First National Bank
—
—
345 East Associates LLC
—
Deed Of Trust
related
$919,000 · Altabank
—
—
345 East Associates LLC
—
Deed Of Trust
related
$951,000 · Mountain W Small Busn Fin
—
—
Rodney A Newman
—
Deed Of Trust
related
$560,000 · Greater Salt Lake Business Dis
—
—
Mi Loco Vida Lc
—
Deed Of Trust
related
$1,200,000 · Prime Alliance Bank
—
—
345 East Associates LLC
—
Deed Of Trust
related
$919,000 · Capital Cmnty Bk
—
—
Mi Loco Vida Lc
—
Deed Of Trust
related
$300,000 · David M Kimball
—
—
Rodney A Newman
—
Deed Of Trust
related
$545,200 · Community First National Bank
—
—
Mi Loco Vida Lc
—
Deed Of Trust
related
$300,000 · Kimball Investment Co LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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