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Property profile & analytics
OFF-MARKET
Estimated value
$1,030,000
Strip malls
3640 Highland Dr, Salt Lake City, UT 84106-4263
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US86-1487371
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,392 SF
Lot
2.18 ac (94,961 SF)
Zoning code
C2ZC
APN
16-33-153-014
UPID
US86-1487371
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
-
Deluxe Copper Industrial Manufacturer Production Facility
-
Cory Evans Dental Office
-
Millcreek Place Shopping Center Shopping Center & Mall
-
Anvil Companies Hardware & Home Improvement Kitchen & Bath Showroom
-
Guild Hall Furniture & Interior Design Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$934k
Blend (final)
Blend
$1.03M
Owner & transaction history
Millcreek Center Shops LLC · 6 yrs held
Millcreek Center Shops LLC
since 2020
7 recorded transactions
Zoning & alternative use
C2ZC · 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
$1,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,410,000
Current use
Blend value · Realmo final
$1.03M
Range $927k – $1.13M · ±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
$36 / 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
$44,354
Tax year 2023
Assessed value
$3,770,300
Assessed 2023
Previous assessed
$3,770,300
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,755,700
Assessed improvement
$2,014,600
Land market value
$1,755,700
Improvement market value
$2,014,600
Total market value
$3,770,300
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
5
Total area
28,392 SF
Lot
2.18 ac (94,961 SF)
Zoning code
C2ZC
APN
16-33-153-014
UPID
US86-1487371
Jurisdiction
SALT LAKE
Zoning & alternative use
C2ZC · Salt Lake City, UT
Zoning C2ZC · permitted uses
C2ZC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
5
Lot
2.18 ac
Current owner
From public records · entity-resolved
Millcreek Center Shops LLC
Entity
Mailing address
1636 E ORCH DR, SALT LAKE CITY, UT 84106-3238
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
Guild Hall INC
—
Deed
related
$1,000,000 · Mountain America FCU
Jun 4, 2020
—
Millcreek Center Shops LLC
—
Deed
related
$1,768,050 · Mountain America Cu
May 8, 2020
—
Millcreek Center Shops LLC
Highland Square LLC
Warranty Deed
$1,768,050 · Mountain America FCU
Nov 21, 2016
—
Highland Square LLC
—
Deed
related
$1,800,000 · Quorus Commercial
Sep 24, 2004
—
Highland Square LLC
Collett,gerri
Quit Claim Deed
related
—
Sep 23, 2004
—
Highland Square LLC
39 LLC
Grant Deed
$2,398,500 · Bank Of American Fork
May 1, 2000
—
39 LLC
39 LLC
Quit Claim Deed
related
$220,000 · First Security Bank
—
—
Millcreek Center Shops LLC
—
Deed Of Trust
related
$1,768,050 · Mountain America Cu
—
—
Millcreek Center Shops LLC
—
Deed Of Trust
related
$1,462,000 · Mountain W Small Busn Fin
—
—
Highland Square LLC
—
Deed Of Trust
related
$1,800,000 · Quorus Commercial
—
—
Highland Square LLC
—
Deed Of Trust
related
$1,100,000 · Mountain W Small Busn Fin
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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