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Property profile & analytics
FOR SALE
Retail residential properties
35 Hillside Ave Salt Lake City, UT 84103
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0053949
For Sale
1 / 12
$1,550,000
35 Hillside Ave, Salt Lake City, UT 84103
View Listing →
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,953 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R-2
APN
09-31-306-002
UPID
US86-0053949
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Peter D Couman · 3 yrs held
Peter D Couman
since 2022
6 recorded transactions
Zoning & alternative use
R-2 · 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
—
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
$7,353
Tax year 2023
Assessed value
$1,352,300
Assessed 2023
Previous assessed
$1,352,300
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$838,900
Assessed improvement
$513,400
Land market value
$838,900
Improvement market value
$513,400
Total market value
$1,352,300
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
For Sale
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
2
Units
2
Total area
5,953 SF
Lot
0.29 ac (12,632 SF)
Zoning code
R-2
APN
09-31-306-002
UPID
US86-0053949
Jurisdiction
SALT LAKE
Zoning & alternative use
R-2 · Salt Lake City, UT
Zoning R-2 · permitted uses
R-2 · 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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
2
Units
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Peter D Couman
Individual
Mailing address
35 E HILLSIDE AVE, SALT LAKE CITY, UT 84103-4637
Mailing matches property
Yes
Owner-occupied
Yes
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 11, 2022
—
Peter D Couman
Ryan Dustin Zundel
Warranty Deed
$835,000 · United Wholesale Mortgage
Nov 2, 2021
—
Peter D Couman
Dc Jones Investments LLC
Warranty Deed
$927,000 · Rocket Mortgage LLC
Jan 26, 2015
—
Dc Jones Investments LLC
Jones,david M & Cindy C
Quit Claim Deed
$382,000 · Veritas Funding LLC
Feb 14, 2007
—
D C Jones Investments LLC
Jones,david M & Cindy C
Quit Claim Deed
related
—
Oct 31, 2005
—
David M Jones
J K C Investments LP
Warranty Deed
$428,000 · First Community Mortgage
Mar 3, 1997
—
J-k-c Investments
Steinman,thomas J & Julie N
Grant Deed
$274,500 · Washington Federal Savings
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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