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Property profile & analytics
OFF-MARKET
Office buildings
372 Main St Alpine, UT 84004-1608
Individually Owned
2-yr Hold
Free & Clear
Property ID
US86-0701659
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Total area
7,825 SF
Lot
0.61 ac (26,484 SF)
APN
11-023-0145
UPID
US86-0701659
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
-
Riley Blake Designs Big Box & Wholesale Store
-
Chris Mickelsen - Utah Realtor Real Estate Agency
-
Ryan Wheelwright Real Estate Agency
-
Home Front Mortgage, Inc. Loan Service Bank
-
McEwan Custom Homes Construction Company General Contractor
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
Will Jones · 2 yrs held
Will Jones
since 2024
7 recorded transactions
Zoning & alternative use
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 Alpine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alpine 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
$16,169
Tax year 2023
Assessed value
$2,023,200
Assessed 2023
Previous assessed
$2,023,200
+0.0% YoY
Effective rate
0.80%
On assessed value
Land market value
$506,800
Improvement market value
$1,516,400
Total market value
$2,023,200
Applied tax rate
40.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2015
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
7,825 SF
Lot
0.61 ac (26,484 SF)
APN
11-023-0145
UPID
US86-0701659
Jurisdiction
UTAH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2015
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Will Jones
Individual
Free & Clear · 2 yrs held
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
—
Will Jones
Ban Lin Enterprises LLC
Warranty Deed
—
Mar 3, 2016
—
Ben Lin Ents LLC
Ben Lin Ents LLC
Quit Claim Deed
related
—
Dec 24, 2014
—
Lin Ents LLC|jones Will Ben
Ben Lin Ents LLC
Quit Claim Deed
related
—
Dec 18, 2013
—
Ben Lin Ents LLC
Jones,will S
Warranty Deed
related
—
Dec 13, 2013
—
Liberty Cap
Peterson Nancy L
Grant Deed
related
—
Feb 16, 2012
—
Liberty Capital LLC
Blackhawk Properties LLC
Grant Deed
—
Jul 27, 2007
—
Will S Jones
Camel-lot LLC
Warranty Deed
—
Jul 26, 2007
—
Camel-lot LLC
Brian Arthur W Family Trust
Warranty Deed
—
Mar 24, 2006
—
Brian Arthur W Family Trust
Jones,will S
Warranty Deed
—
Feb 10, 2006
—
Will S Jones
Cooperative Income Associates
Warranty Deed
related
—
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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