376 8th Ave Salt Lake City, UT 84103-2813
Entity Owned
12-yr Hold
~
Est. High Equity
Estimated value (blended)
$700k
Range $630k – $770k (±10%)
Property ID
US86-0371859
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,120 SF
Lot
0.61 ac (26,572 SF)
Zoning code
SR-1A
APN
09-31-259-006
UPID
US86-0371859
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Specialty Food Shop Candy Store
-
Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$791k
Blend (final)
Blend
$700k
Owner & transaction history
since 2014
3 recorded transactions
Zoning & alternative use
SR-1A · Salt Lake City, UT
Zoning description
Salt Lake City Planning has recently launched Expanding Housing Options (EHO). EHO is a change to zoning rules in the R-1, R-2, SR-1, and SR-1A zoning districts that would give property owners in lower-density neighborho…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$700k
Value range
$630k – $770k
±10% around blend
Estimated value / SF
$63 / SF
Confidence
Property data
88
Comparable evidence
60
$630k
blend $700k
$770k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,120 SF
Lot area
0.61 ac
Year built
1964
Stories
1
APN
09-31-259-006
Assessed value
$2,640,400
Annual tax
$156
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$791k
Range $728k – $1.79M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$700k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.64M
Move the market yield to see immediate price impact.
Value / SF
$237
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$166k
$3.33M
$2.38M
$1.85M
$185k
$3.70M
$2.64M
$2.05M
$203k
$4.07M
$2.90M
$2.26M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$156
Tax year 2023
Assessed value
$2,640,400
Assessed 2023
Previous assessed
$2,640,400
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$1,092,600
Assessed improvement
$1,547,800
Land market value
$1,092,600
Improvement market value
$1,547,800
Total market value
$2,640,400
Applied tax rate
13.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Units
1
Total area
11,120 SF
Lot
0.61 ac (26,572 SF)
Zoning code
SR-1A
APN
09-31-259-006
UPID
US86-0371859
Jurisdiction
SALT LAKE
Zoning & alternative use
SR-1A · Salt Lake City, UTZoning SR-1A · permitted uses
SR-1A · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Salt Lake City Planning has recently launched Expanding Housing Options (EHO). EHO is a change to zoning rules in the R-1, R-2, SR-1, and SR-1A zoning districts that would give property owners in lower-density neighborho…
General category
RESIDENTIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.61 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
SR-1A
RESIDENTIAL
Jurisdiction
Salt Lake City, UT
Recorded code
SR-1A
Official district
SR-1A
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SR-1A in Salt Lake City, UT.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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