Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    404 300th W Salt Lake City, UT 84103-1292

    • Investment properties
    • 11,562 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Jun 01, 2021
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0308611
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Enterprise Rent-A-Car / Car Rental Facility
    • Lone Peak Productions / Film Production / Television Studio
    • Taylor Derrick Capital / Financial Advisor

    Property Details for 404 300th W

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.43 lot acres
    Property size
    11,562 SF
    Zone code
    CB
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    08-36-254-064
    APU
    836254064

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $639,000
      Market price range: $631k - $1.51M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $920,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.899
    Latitude
    40.7784
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,196
    $1,192,300
    $648,300
    $1,840,600
    -
    $1,192,300
    $648,300
    $1,840,600

    Comparable in this City

    • Value Estimation
      $2,060,000
      50,160 SF

      76 Temple St

      STORE/OFFICE (MIXED USE) • 50,160 SF
      76 Temple St, Salt Lake City, UT 84103
      View Details
    • Value Estimation
      $1,970,000
      14,288 SF

      474 900th N

      STORE/OFFICE (MIXED USE) • 14,288 SF
      474 900th N, Salt Lake City, UT 84103-1425
      View Details
    • Value Estimation
      $2,705,000
      71,413 SF

      336 400th W

      STORE/OFFICE (MIXED USE) • 71,413 SF
      336 400th W, Salt Lake City, UT 84103-1228
      View Details
    • Value Estimation
      $8,410,000
      216,642 SF

      155 400th W

      STORE/OFFICE (MIXED USE) • 216,642 SF
      155 400th W, Salt Lake City, UT 84103-1111
      View Details
    • Value Estimation
      $4,165,000
      131,144 SF

      825 300th W

      STORE/OFFICE (MIXED USE) • 131,144 SF
      825 300th W, Salt Lake City, UT 84103-1459
      View Details
    • Value Estimation
      $1,170,000
      29,968 SF

      205 400th W

      STORE/OFFICE (MIXED USE) • 29,968 SF
      205 400th W, Salt Lake City, UT 84103-1158
      View Details

    Similar Nearby for Sale

    • $1,200,000
      3,750 SF

      Turnkey Fourplex in Prime Location

      Legal fourplex in the Avenues, Salt Lake City, with cash flow.
      116 N B St E, Salt Lake City, UT 84103
      View Details
    • Contact for pricing
      1,772 SF

      New Construction Near Capitol Hill

      New construction property near Capitol Hill with flexible rental options.
      365 W 800 N, Salt Lake City, UT 84103
      View Details
    • Contact for pricing

      West Valley City Industrial Land

      1.46 acre industrial land near major transportation routes.
      2320 S St W, West Valley City, UT 84103
      View Details
    • Contact for pricing

      Granary District Development Opportunity

      Development opportunity in the Granary District near freeway access.
      800 S St W, Salt Lake City, UT 84103
      View Details
    • $1,550,000
      6,160 SF

      Four-Plex Near Utah Capitol

      Well-maintained four-plex with spacious units and recent upgrades.
      35 Hillside Ave, Salt Lake City, UT 84103
      View Details
    • Contact for pricing
      827 SF

      Condo with Hardwood Floors

      Condo featuring hardwood floors, granite countertops, and community amenities.
      650 N 300 W, Salt Lake City, UT 84103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,853 SF

      West Valley Flex Building

      19,548 SF flex building with leasing opportunities.
      1515 W S St S, West Valley City, UT 84103
      View Details
    • Contact for pricing
      3,903 SF

      South Temple Office Space Available

      Office space for lease in a prestigious downtown location.
      312 E St S Temple, Salt Lake City, UT 84103
      View Details
    • Contact for pricing
      12,746 SF

      West Valley City Warehouse Space

      Warehouse space with quick highway access in West Valley City.
      2594 S St W, West Valley City, UT 84103
      View Details
    • Contact for pricing

      East Side Commercial Land Lease

      1.1 acres of commercial land available for ground lease.
      6433 S E St E, Murray, UT 84103
      View Details
    • $21 SF/Yr
      1,315 SF

      Downtown Office Space Available

      Top floor office space in excellent downtown location.
      242-250 E 300 S, Salt Lake City, UT 84103
      View Details
    • $22 SF/Yr
      2,261 SF

      Retail/Office/Medical Space For Rent

      Versatile space near transportation and medical center.
      244 W Vine St, Salt Lake City, UT 84103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    404 300th W
    Salt Lake City, UT 84103-1292
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.