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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Investment properties
375 400th N Salt Lake City, UT 84103-1225
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-0152279
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,705 SF
Lot
0.31 ac (13,504 SF)
Zoning code
MU
APN
08-36-179-001
UPID
US86-0152279
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
-
Positively Fourth Street Music Practice Space Music Venue Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$693k
Blend (final)
Blend
$565k
Owner & transaction history
Utah Film Center · 2 yrs held
Utah Film Center
since 2024
7 recorded transactions
Zoning & alternative use
MU · 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
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$44 / 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
$17,705
Tax year 2023
Assessed value
$1,790,900
Assessed 2023
Previous assessed
$1,790,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$627,900
Assessed improvement
$1,163,000
Land market value
$627,900
Improvement market value
$1,163,000
Total market value
$1,790,900
Applied tax rate
1.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Total area
12,705 SF
Lot
0.31 ac (13,504 SF)
Zoning code
MU
APN
08-36-179-001
UPID
US86-0152279
Jurisdiction
SALT LAKE
Zoning & alternative use
MU · Salt Lake City, UT
Zoning MU · permitted uses
MU · 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
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Utah Film Center
Individual
Mailing address
375 W 400TH N, SALT LAKE CITY, UT 84103-1225
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
—
Utah Film Center
B3l LLC
Special Warranty Deed
$2,700,000 · Zb NA
Jul 27, 2022
—
B3l LLC
—
Deed
related
$1,791,546 · Perform Cb LLC
Feb 4, 2020
—
B3l LLC
—
Deed
related
$500,000 · Pine Valley Investments LLC
Aug 23, 2017
—
B3l LLC
Wyman,ronald
Warranty Deed
$100,000 · Ronald Wyman
May 24, 2017
—
Fae Holdings 478112r LLC
Wyman,ronald
Warranty Deed
related
—
Jan 11, 2017
—
Ronald Wyman
—
Deed
related
$550,000 · Leroy C Taylor
Jan 21, 2000
—
Ronald Wyman
Cole Investment Co Lc
Grant Deed
$262,500 · Zions First National Bank
—
—
Ronald Wyman
—
Deed Of Trust
related
$40,000 · Jeremy M Hoffman
—
—
B3l LLC
—
Deed Of Trust
related
$500,000 · Pine Valley Investments LLC
—
—
Ronald Wyman
—
Deed Of Trust
related
$300,000 · Bank Of American Fork
—
—
Ronald Wyman
—
Deed Of Trust
related
$312,250 · Zions First National Bank
—
—
Ronald Wyman
—
Deed Of Trust
related
$670,000 · First Community Bank
—
—
Ronald Wyman
—
Deed Of Trust
related
$550,000 · Leroy C Taylor
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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