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Property profile & analytics
OFF-MARKET
Estimated value
$11,550,000
Investment properties
400 200th S, Salt Lake City, UT 84101-2032
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0317186
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2002
Construction
STEEL FRAME
Total area
108,300 SF
Lot
0.01 ac (436 SF)
Zoning code
GMU
APN
15-01-177-013
UPID
US86-0317186
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
-
PALMER XOURT (Bike/Boat/Book/etc) Store
-
Chim Auto Insurance Quotes Marketing & Advertising
-
Eckberg Express Kebabery Grocery & Convenience Store
-
The Gateway Shopping Center & Mall
-
Megaplex Luxury Theatres at The Gateway Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.23M
Blend (final)
Blend
$11.55M
Owner & transaction history
Bridge Wf II Ut Altitue On Fifth Ll · 4 yrs held
Bridge Wf II Ut Altitue On Fifth Ll
since 2021
7 recorded transactions
Zoning & alternative use
GMU · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$14.3M
+84.2%
Retail stores
$12.2M
+57.0%
Warehouse, storage
$8.1M
+5.0%
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
COMMERCIAL (GENERAL)
$7,760,000
Current use
MEDICAL BUILDING
$14,290,000
Change: +84% · Conversion: Easy
RETAIL STORES
$12,180,000
Change: +57% · Conversion: Easy
WAREHOUSE, STORAGE
$8,145,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,815,000
Change: +1% · Conversion: Difficult
RESTAURANT
$7,275,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$11.55M
Range $10.40M – $12.71M · ±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
$107 / 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
$272,437
Tax year 2023
Assessed value
$27,557,900
Assessed 2023
Previous assessed
$27,557,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,169,700
Assessed improvement
$26,388,200
Land market value
$1,169,700
Improvement market value
$26,388,200
Total market value
$27,557,900
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
2002
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
3
Stories
5
Total area
108,300 SF
Lot
0.01 ac (436 SF)
Zoning code
GMU
APN
15-01-177-013
UPID
US86-0317186
Jurisdiction
SALT LAKE
Zoning & alternative use
GMU · Salt Lake City, UT
Zoning GMU · permitted uses
GMU · 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
COMMERCIAL (GENERAL) Current
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$14.3M
RETAIL STORES
Est. value
$12.2M
WAREHOUSE, STORAGE
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$7.8M
RESTAURANT
Est. value
$7.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
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
2002
Construction
STEEL FRAME
Heating
HOT WATER
Stories
5
Buildings
3
Lot
0.01 ac
Current owner
From public records · entity-resolved
Bridge Wf II Ut Altitue On Fifth Ll
Individual
Mailing address
90 S 400TH W STE #570, SALT LAKE CITY, UT 84101-1372
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2025
—
Vestar Gateway LLC
—
Deed
related
$90,475,000 · Western Alliance Bank
Sep 10, 2024
—
Bcal Gateway Property LLC
—
Deed
related
$59,625,801 · New York Life Insurance Company
Jun 16, 2023
—
Bcal Gateway Property LLC
—
Deed
related
$54,500,000 · New York Life Insurance Company
Nov 7, 2022
—
Vestar Gateway LLC
—
Deed
related
—
Jul 21, 2021
—
Bridge Wf II Ut Altitue On Fifth Ll
PC Northgate LLC
Special Warranty Deed
$3,000,000 · Washington Federal NA
Sep 11, 2019
—
Bcal Gateway Property LLC
—
Grant Deed
related
$54,500,000 · Miscellaneous Ins Co
Jul 16, 2018
—
Bcal Gateway Property LLC
West Salt Lk Acquisitions Ptrs
Grant Deed
—
May 11, 2016
—
Vestar Gateway LLC
—
Deed
related
$78,500,000 · Wells Fargo Bk N #2010-c1 (ce)
Jul 18, 2013
—
Salt Lake Acquisitions Pt West
Gateway Office 3 Lc
Grant Deed
—
—
—
West Salt Lake Acquisitions Pt
—
Loan Modification
related
$53,982,500 · California Bk&tr
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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