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Property profile & analytics
OFF-MARKET
Estimated value
$34,775,000
Investment properties
425 200th N Salt Lake City, UT 84103-1198
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US86-1186997
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2017
Total area
316,691 SF
Lot
1.35 ac (58,806 SF)
Zoning code
TSAUCC
APN
08-36-376-054
UPID
US86-1186997
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
-
East Cliff Apartments Apartment Building
-
Rebillify (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$35.57M
Blend (final)
Blend
$34.78M
Owner & transaction history
Oakmont Properties-hardware Vl · 6 yrs held
Oakmont Properties-hardware Vl
since 2020
1 recorded transaction
Zoning & alternative use
TSAUCC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$41.8M
+44.7%
Restaurant
$35.7M
+23.7%
Retail stores
$29.3M
+1.6%
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)
$28,885,000
Current use
MEDICAL BUILDING
$41,785,000
Change: +45% · Conversion: Easy
RESTAURANT
$35,720,000
Change: +24% · Conversion: Difficult
RETAIL STORES
$29,340,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$25,225,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$34.78M
Range $31.30M – $38.25M · ±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
$110 / 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
$556,230
Tax year 2023
Assessed value
$102,299,000
Assessed 2023
Previous assessed
$102,299,000
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$4,070,500
Assessed improvement
$98,228,500
Land market value
$4,070,500
Improvement market value
$98,228,500
Total market value
$102,299,000
Applied tax rate
2.0000
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
2017
Heating
NONE
Buildings
4
Stories
2
Units
20
Total area
316,691 SF
Lot
1.35 ac (58,806 SF)
Zoning code
TSAUCC
APN
08-36-376-054
UPID
US86-1186997
Jurisdiction
SALT LAKE
Zoning & alternative use
TSAUCC · Salt Lake City, UT
Zoning TSAUCC · permitted uses
TSAUCC · 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
$28.9M
MEDICAL BUILDING
Est. value
$41.8M
RESTAURANT
Est. value
$35.7M
RETAIL STORES
Est. value
$29.3M
AUTO REPAIR, GARAGE
Est. value
$25.2M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2017
Heating
NONE
Stories
2
Buildings
4
Units
20
Lot
1.35 ac
Current owner
From public records · entity-resolved
Oakmont Properties-hardware Vl
Entity
Mailing address
PO BOX 15023, SACRAMENTO, CA 95851-0023
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2020
—
Oakmont Properties-hardware Vl
Hardware West Village LLC
Quit Claim Deed
$150,212,500 · Hardware West Village LLC
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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