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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Turn key restaurants
3600 State St, South Salt Lake, UT 84115-4753
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0192075
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,560 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CC
APN
16-31-151-055
UPID
US86-0192075
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$795k
Blend (final)
Blend
$600k
Owner & transaction history
3600 South State Holding LLC · 1 yrs held
3600 South State Holding LLC
since 2024
7 recorded transactions
Zoning & alternative use
CC · South Salt Lake, 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 South Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Salt Lake 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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$57 / 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
$17,969
Tax year 2023
Assessed value
$1,534,600
Assessed 2023
Previous assessed
$1,534,600
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$644,300
Assessed improvement
$890,300
Land market value
$644,300
Improvement market value
$890,300
Total market value
$1,534,600
Applied tax rate
14.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
10,560 SF
Lot
0.74 ac (32,234 SF)
Zoning code
CC
APN
16-31-151-055
UPID
US86-0192075
Jurisdiction
SALT LAKE
Zoning & alternative use
CC · South Salt Lake, UT
Zoning CC · permitted uses
CC · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Salt Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
3600 South State Holding LLC
Entity
Mailing address
3600 S STATE ST, SOUTH SALT LAKE, UT 84115-4753
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
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
3600 South State Holding LLC
Genessis LLC
Quitclaim Deed
related
—
Jul 20, 2023
—
Genessis LLC
—
Deed
related
$1,166,000 · Utah Certified Development Company
Jun 30, 2023
—
Genessis LLC
—
Deed
related
$1,131,500 · Bank Five Nine
Apr 24, 2019
—
Genessis LLC
—
Deed
related
$220,000 · Hatch Family Trust (pt)
Mar 26, 2019
—
Genessis LLC
—
Deed
related
$2,010,500 · Seacoast Cmrc Bk
Mar 25, 2019
—
Genessis LLC
—
Deed
related
$2,010,500 · Seacoast Commerce Bank
May 16, 2018
—
Genessis LLC
—
Deed
related
$220,000 · Hatch Family Trust (pt)
Jan 8, 2015
—
Genessis LLC
Carrera Equities Lc
Special Warranty Deed
—
Jun 12, 2013
—
Equities Lc Carrera
Ira S5482 5650 5726 2767 2092
Grant Deed
$450,000 · Bank Of The West
Oct 24, 2008
—
American Pension Services Fub
Bates Marlon L
Trustees Deed
related
—
May 28, 2008
—
Nathan S Roth
Malicevic,sani
Warranty Deed
—
Dec 28, 2005
—
Equities Lc Carrera
Mcdowell,steven D
Quit Claim Deed
related
—
Feb 14, 2005
—
Malicevic Sani
Tran Ally
Warranty Deed
$196,860 · American Pension Services
Aug 8, 2000
—
Ally Tran
Community First National Bank
Grant Deed
related
—
Apr 12, 1996
—
Dads INC
Kelaidis,matthew & Christine
Quit Claim Deed
related
$500,000 · Guardian State Bank
—
—
Sani Malicevic
—
Deed Of Trust
related
$100,000 · Doug & Annette Harward
—
—
Ally Tran
—
Deed Of Trust
related
$150,000 · Bank One Utah
—
—
Genessis LLC
—
Deed Of Trust
related
$220,000 · Hatch Family Trust (pt)
—
—
Genessis LLC
—
Deed Of Trust
related
$2,010,500 · Seacoast Cmrc Bk
—
—
Genessis LLC
—
Deed Of Trust
related
$220,000 · Hatch Family Trust (pt)
—
—
Sani Malicevic
—
Deed Of Trust
related
$56,764 · Sotirios Bournakis
—
—
Sani Malicevic
—
Deed Of Trust
related
$72,400 · Nathan Sheppick
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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