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Property profile & analytics
OFF-MARKET
Estimated value
$8,280,000
Residential income homes
352 500th E Salt Lake City, UT 84102-4348
Entity Owned
4-yr Hold
Property ID
US86-0653684
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2010
Total area
45,520 SF
Lot
0.78 ac (33,977 SF)
Zoning code
RMU
APN
16-06-403-027
UPID
US86-0653684
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 DeWitt Real Estate Agency
-
Recon CPA Consultant
-
Huge Studios Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.28M
Owner & transaction history
M&t Bank · 4 yrs held
M&t Bank
since 2022
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
by Request
CAP Approach
CAP Return
Estimation
6%
$10,115,000
6.5%
$9,340,000
7%
$8,670,000
Blend value · Realmo final
$8.28M
Range $7.45M – $9.11M · ±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
$182 / 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
$35,668
Tax year 2023
Assessed value
$6,559,900
Assessed 2023
Previous assessed
$6,559,900
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$3,531,000
Assessed improvement
$3,028,900
Land market value
$3,531,000
Improvement market value
$3,028,900
Total market value
$6,559,900
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2010
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
45,520 SF
Lot
0.78 ac (33,977 SF)
Zoning code
RMU
APN
16-06-403-027
UPID
US86-0653684
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.
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
M&t Bank
Entity
Mailing address
500 E MULTIFAMILY 5786TH WIDEWATER PKWY PO PKWY, SYRACUSE, NY 13214
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2022
—
M&t Bank
500 East Multifamily Ownership LLC
Assignment Of Lease (leasehold Sale)
—
Mar 13, 2020
—
Widewaters 500 East Co LLC
Gdr Holdings LLC
Grant Deed
—
Sep 28, 2018
—
Gdr Holdings LLC
Rust,gaylen D
Warranty Deed
$1,670,000 · Keystone R/e Lndg Fund LP
Jul 1, 2016
—
Gaylen D Rust
Marshall Properties LLC
Grant Deed
$2,000,000 · Private Individual
Jul 21, 2011
—
Marshall Properties LLC
Marshall Properties LLC
Quit Claim Deed
related
—
Apr 9, 2010
—
Marshall Properties LLC
Oswald Nolan Family Trust
Grant Deed
related
—
Dec 9, 2009
—
Oswald,nolan C R F Living Trust
Nelson Bruce J
Trustees Deed
related
—
—
—
Marshall Properties LLC
—
Deed Of Trust
related
$1,472,783 · Zions First National Bank
—
—
Gaylen D Rust
—
Deed Of Trust
related
$200,000 · Jonesco Ents LLC
—
—
Gaylen D Rust
—
Deed Of Trust
related
$150,000 · Bary Jones
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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