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Property profile & analytics
OFF-MARKET
Estimated value
$3,585,000
Specialty properties
378 Broadway, Salt Lake City, UT 84101-1846
Entity Owned
5-yr Hold
Property ID
US86-0055367
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
164,918 SF
Lot
0.69 ac (30,056 SF)
Zoning code
D-3
APN
15-01-182-002
UPID
US86-0055367
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
-
The Olive Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.59M
Owner & transaction history
The Olive Qozb LLC · 5 yrs held
The Olive Qozb LLC
since 2021
7 recorded transactions
Zoning & alternative use
D-3 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$5,800,000
Current use
Blend value · Realmo final
$3.59M
Range $3.23M – $3.94M · ±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
$22 / 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
$260,260
Tax year 2023
Assessed value
$46,604,380
Assessed 2023
Previous assessed
$46,604,380
+0.0% YoY
Effective rate
0.56%
On assessed value
Assessed land
$2,140,890
Assessed improvement
$44,463,490
Land market value
$2,140,890
Improvement market value
$44,463,490
Total market value
$46,604,380
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
33
Total area
164,918 SF
Lot
0.69 ac (30,056 SF)
Zoning code
D-3
APN
15-01-182-002
UPID
US86-0055367
Jurisdiction
SALT LAKE
Zoning & alternative use
D-3 · Salt Lake City, UT
Zoning D-3 · permitted uses
D-3 · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$5.8M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS 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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
33
Lot
0.69 ac
Current owner
From public records · entity-resolved
The Olive Qozb LLC
Entity
Mailing address
1095 E 2100TH S, SALT LAKE CITY, UT 84106-3784
Ownership since
2021
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
Nov 23, 2022
—
Cbre Multifamily Capital INC
—
Deed
related
$26,609,000 · Federal National Mortgage Association
Jun 10, 2021
—
The Olive Qozb LLC
Cw The Olive Partnership LP
Special Warranty Deed
—
Sep 1, 2020
—
Cw Olive Ptshp LP
—
Deed
related
$28,800,000 · Mountain W Reit LLC
Feb 4, 2020
—
Cw The Olive Partnership LP
—
Deed
related
$27,480 · Mountain West Reit LLC
Dec 13, 2019
—
Cw Olive Ptshp LP
Cw The Olive LLC
Quit Claim Deed
—
May 8, 2019
—
Cw Olive LLC
—
Deed
related
$4,592,140 · Mckinley Realty Partners LLC
Feb 19, 2019
—
Cw Olive LLC
C Backs INC
Grant Deed
$3,749,280 · Mckinley Realty Partners LLC
Jul 20, 2018
—
G Backs INC
Salt Lake Design Center LLC
Warranty Deed
—
Feb 26, 2003
—
Salt Lake Design Ctr LLC
Sportswear Design Intl INC
Grant Deed
$763,500 · General Electric Capital Corp
—
—
Cw Olive LLC
—
Loan Modification
related
$4,592,140 · Mckinley Realty Partners LLC
—
—
Salt Lake Design Center LLC
—
Deed Of Trust
related
$632,000 · Greater Salt Lake Business Dis
—
—
Salt Lake Design Center LLC
—
Deed Of Trust
related
$200,000 · Redevelopment Agcy Salt Lake C
—
—
Cw Olive Ptshp LP
—
Loan Modification
related
$28,800,000 · Mountain W Reit LLC
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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