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Property profile & analytics
OFF-MARKET
Estimated value
$6,640,000
Apartment buildings
36 Columbia Ave Salt Lake City, UT 84107-2526
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US86-0864779
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2016
Total area
555,488 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M-1
APN
22-06-102-025
UPID
US86-0864779
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
-
Imagined by Kristie Artist
-
WaterGlitzandColor Training Center (Bike/Boat/Book/etc) Store
-
IDM marketing USA Advertising Agency Marketing & Advertising
-
Golden House LLC Remodeling Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.64M
Owner & transaction history
Artesian Springs III LLC · 10 yrs held
Artesian Springs III LLC
since 2016
3 recorded transactions
Zoning & alternative use
M-1 · 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
$12 / 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
$160,684
Tax year 2023
Assessed value
$24,150,800
Assessed 2023
Previous assessed
$24,150,800
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$952,500
Assessed improvement
$23,198,300
Land market value
$952,500
Improvement market value
$23,198,300
Total market value
$24,150,800
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
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2016
Heating
NONE
Buildings
4
Stories
5
Units
134
Rooms
25
Bathrooms
5
Total area
555,488 SF
Lot
0.95 ac (41,382 SF)
Zoning code
M-1
APN
22-06-102-025
UPID
US86-0864779
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Salt Lake City, UT
Zoning M-1 · permitted uses
M-1 · 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
2016
Heating
NONE
Stories
5
Buildings
4
Units
134
Rooms
25
Bathrooms
5
Lot
0.95 ac
Current owner
From public records · entity-resolved
Artesian Springs III LLC
Entity
Mailing address
1338 S FOOTHILL DR, SALT LAKE CITY, UT 84108-2321
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2018
—
Artesian Springs III LLC
—
Loan Modification
related
$12,000,000 · Us Bk
Sep 29, 2016
—
Artesian Springs III LLC
—
Deed Of Trust
related
$12,000,000 · Housing & Cmnty Dev Dept
May 10, 2016
—
Artesian Springs III LLC
Parleys Partners LLC
Trustees Deed
$1,206,000 · Private Individual
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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