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Property profile & analytics
FOR LEASE
Retail space
389 W 1830 S, Salt Lake City, UT 84115
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US86-0243979
For Lease
1 / 16
$3,840,000
389 W 1830 S, Salt Lake City, UT 84115
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,254 SF
Lot
4.04 ac (175,982 SF)
Zoning code
CG
APN
15-13-376-013
UPID
US86-0243979
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
-
Banfield Pet Hospital Veterinary Clinic
-
PetSmart (Bike/Boat/Book/etc) Store Pet Store & Service
-
Buddy V's Cake Slice Restaurant Take-out & Catering
-
Boot Barn Clothing & Fashion Store
-
ARTHUR MURRAY DANCE STUDIO Theater & Performing Art Venue Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$3.84M
Owner & transaction history
Hs Compusa Center LLC
Hs Compusa Center LLC
2 recorded transactions
Zoning & alternative use
CG · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+17.3%
Medical building
$3.3M
+12.6%
Commercial (general)
$3.0M
+2.2%
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
RETAIL STORES
$2,960,000
Current use
RESTAURANT
$3,475,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$3,330,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,025,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,435,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±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
$152 / 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
$99,324
Tax year 2023
Assessed value
$10,046,900
Assessed 2023
Previous assessed
$10,046,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,771,700
Assessed improvement
$7,275,200
Land market value
$2,771,700
Improvement market value
$7,275,200
Total market value
$10,046,900
Applied tax rate
13.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
25,254 SF
Lot
4.04 ac (175,982 SF)
Zoning code
CG
APN
15-13-376-013
UPID
US86-0243979
Jurisdiction
SALT LAKE
Zoning & alternative use
CG · Salt Lake City, UT
Zoning CG · permitted uses
CG · 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
RETAIL STORES Current
Est. value
$3.0M
RESTAURANT
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
4.04 ac
Current owner
From public records · entity-resolved
Hs Compusa Center LLC
Entity
Mailing address
855 W BROAD ST STE #300, BOISE, ID 83702-7154
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Hs Compusa Center LLC
—
Deed Of Trust
related
$3,532,500 · Symetra Life Insurance Co
—
—
Hs Compusa Center LLC
—
Deed Of Trust
related
$7,300,000 · Miscellaneous Ins Co
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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