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Property profile & analytics
OFF-MARKET
Estimated value
$15,005,000
Shopping centers
400 200th S, Salt Lake City, UT 84101-2032
Entity Owned
22-yr Hold
Free & Clear
Property ID
US86-0702540
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
2002
Construction
STEEL FRAME
Total area
948,506 SF
Lot
5.2 ac (226,512 SF)
Zoning code
GMU
APN
15-01-177-009
UPID
US86-0702540
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
by Request
Blend (final)
Blend
$15.01M
Owner & transaction history
Salt Lake County (ut) · 22 yrs held
Salt Lake County (ut)
since 2004
4 recorded transactions
Zoning & alternative use
GMU · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$16 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$500
Assessed 2023
Previous assessed
$9,500
-94.7% YoY
Assessed land
$500
Land market value
$500
Total market value
$500
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
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
948,506 SF
Lot
5.2 ac (226,512 SF)
Zoning code
GMU
APN
15-01-177-009
UPID
US86-0702540
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.
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
5.2 ac
Current owner
From public records · entity-resolved
Salt Lake County (ut)
Entity
Free & Clear · 22 yrs held
Mailing address
101 S 200TH E STE #200, SALT LAKE CITY, UT 84111-3112
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2004
—
Salt Lake County (ut)
Gateway Associates Ltd
Grant Deed
related
—
Oct 10, 2003
—
Boyer Spanish Fork Assoc Ltd
—
Deed Of Trust
related
$11,500,000 · Washington Capital Joint Mastr
Sep 24, 2003
—
Boyer-spanish Fork Associates
Gateway Associates Ltd
Grant Deed
related
—
Jul 17, 2001
—
Erde,gateway Associates Ltd
Redevelopment Agcy Salt Lake C
Grant Deed
related
—
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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