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Property profile & analytics
OFF-MARKET
Estimated value
$1,595,000
Individual retail properties
425 700th S, Salt Lake City, UT 84111-3934
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US86-0651481
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,661 SF
Lot
0.97 ac (42,253 SF)
Zoning code
RMF-35
APN
16-07-204-040
UPID
US86-0651481
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
-
Hires Big H Restaurant
-
Moda Sego Apartment Complex
-
Islamic Society of Bosniaks in Utah Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.60M
Owner & transaction history
F4 Properties LLC · 6 yrs held
F4 Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
RMF-35 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
LAUNDROMAT (SELF-SERVICE)
$1,975,000
Current use
MEDICAL BUILDING
$1,935,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.75M · ±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
$109 / 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
$82,519
Tax year 2023
Assessed value
$15,176,500
Assessed 2023
Previous assessed
$15,176,500
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$2,527,800
Assessed improvement
$12,648,700
Land market value
$2,527,800
Improvement market value
$12,648,700
Total market value
$15,176,500
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
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
3
Stories
3
Units
8
Total area
14,661 SF
Lot
0.97 ac (42,253 SF)
Zoning code
RMF-35
APN
16-07-204-040
UPID
US86-0651481
Jurisdiction
SALT LAKE
Zoning & alternative use
RMF-35 · Salt Lake City, UT
Zoning RMF-35 · permitted uses
RMF-35 · 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
LAUNDROMAT (SELF-SERVICE) Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
LAUNDROMAT (SELF-SERVICE) Current
MEDICAL BUILDING
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
2015
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Buildings
3
Units
8
Lot
0.97 ac
Current owner
From public records · entity-resolved
F4 Properties LLC
Entity
Mailing address
9650 S MCCARRAN BLVD, RENO, NV 89523-9205
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2019
—
F4 Properties LLC
Jf Sego 28 LLC
Grant Deed
—
Nov 18, 2016
—
Jf Sego 28 LLC
F4 Ventures LLC
Grant Deed
$5,800,000 · Transamerica Advisors Life Ins
Sep 14, 2015
—
F4 Ventures LLC
Blackridge Land Investment LLC
Grant Deed
$4,826,154 · Bank Of American Fork
Mar 10, 2015
—
Blackridge Land Investment LLC|f4 Ventures LLC
Jf Sego Ave LLC
Grant Deed
—
Nov 21, 2014
—
Sjl Development LLC
Korean Presbyterian Church Of Utah
Warranty Deed
$794,873 · Rock Canyon Bank
—
—
Sego Utah LLC
—
Loan Modification
related
$2,414,738 · Miscellaneous Ins Co
—
—
Korean Presbyterian Ch Of Utah Presbytery Of Utah
—
Deed Of Trust
related
$450,000 · Presbyterian Church USA Invest
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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