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Property profile & analytics
OFF-MARKET
Retail space
4233 Highland Dr, Salt Lake City, UT 84124-2603
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0627427
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.16 ac (6,970 SF)
Zoning code
C-2
APN
22-04-207-006
UPID
US86-0627427
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
N Brockbank Investments LLC · 1 yrs held
N Brockbank Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-2 · 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
—
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
$1,989
Tax year 2023
Assessed value
$192,900
Assessed 2023
Previous assessed
$192,900
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$192,900
Land market value
$192,900
Total market value
$192,900
Applied tax rate
82.0000
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
Off-Market
Heating
NONE
Lot
0.16 ac (6,970 SF)
Zoning code
C-2
APN
22-04-207-006
UPID
US86-0627427
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Salt Lake City, UT
Zoning C-2 · permitted uses
C-2 · 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
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
N Brockbank Investments LLC
Entity
Mailing address
4233 S HIGHLAND DR, SALT LAKE CITY, UT 84124-2603
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
N Brockbank Investments LLC
Nathan A Brockbank
Deed
related
—
Apr 19, 2024
—
Nathan A Brockbank
N Brockbank Investments LLC
Special Warranty Deed
$1,100,000 · Holladay Bank And Trust
Nov 3, 2023
—
N Brockbank Investments LLC
Wasatch Young LLC
Special Warranty Deed
—
May 20, 2013
—
Wasatch Young LLC
Wasatch Cuisine INC
Quit Claim Deed
—
Mar 11, 2013
—
Wasatch Cuisine INC
Bakhshandehpour,behrouz
Quit Claim Deed
related
$196,000 · Mountain West Small Busn Fin
May 30, 2012
—
Behrouz Bakhshandehpour
Zions First Natl Bk
Grant Deed
$419,400 · Brighton Bank
Jul 26, 2011
$410,086
Zions First Natl Bk
Marsden,william G
Trustees Deed
related
—
May 1, 2008
—
Sca Holdings LLC
Namdar Lc
Warranty Deed
$741,121 · Zions First National Bank
Jan 8, 2007
—
Namdar Lc
Wheeler,rex
Warranty Deed
—
Oct 30, 2006
—
Rex Wheeler
Sondergaard LLC
Warranty Deed
—
Oct 12, 2006
—
Sondergaard LLC
Madsen,even S & Barbara C
Warranty Deed
—
Feb 2, 2005
—
Salt Lake County
Madsen,even S & Barbara C
Warranty Deed
—
—
—
Even S Madsen
—
Deed Of Trust
related
$169,285 · Bank Of Utah
—
—
Sca Holdings LLC
—
Deed Of Trust
related
$342,000 · Utah Certified Development 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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