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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Auto shops
431 1500th S, Salt Lake City, UT 84115-5166
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0570351
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1979
Construction
STEEL FRAME
Total area
7,200 SF
Lot
3.21 ac (139,828 SF)
Zoning code
CG
APN
15-13-176-005
UPID
US86-0570351
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
-
Tire World Truck Center (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$848k
Blend (final)
Blend
$760k
Owner & transaction history
Evergen Equity 7 LP · 3 yrs held
Evergen Equity 7 LP
since 2022
6 recorded transactions
Zoning & alternative use
CG · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$990,000
+65.0%
Medical building
$950,000
+58.3%
Commercial (general)
$865,000
+43.7%
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
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$600,000
Current use
RESTAURANT
$990,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$950,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$865,000
Change: +44% · Conversion: Moderate
RETAIL STORES
$845,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$695,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$106 / 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
$44,259
Tax year 2023
Assessed value
$4,476,900
Assessed 2023
Previous assessed
$4,476,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,349,100
Assessed improvement
$2,127,800
Land market value
$2,349,100
Improvement market value
$2,127,800
Total market value
$4,476,900
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
4
Stories
1
Total area
7,200 SF
Lot
3.21 ac (139,828 SF)
Zoning code
CG
APN
15-13-176-005
UPID
US86-0570351
Jurisdiction
SALT LAKE
Zoning & alternative use
CG · Salt Lake City, UT
Zoning CG · permitted uses
CG · 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
AUTO REPAIR, GARAGE Current
Est. value
$600,000
RESTAURANT
Est. value
$990,000
MEDICAL BUILDING
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$865,000
RETAIL STORES
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$695,000
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1979
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
4
Lot
3.21 ac
Current owner
From public records · entity-resolved
Evergen Equity 7 LP
Entity
Mailing address
221 W 6TH ST STE 1040TH AUSTIN
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
—
Evergen Equity 7 LP
Tire World Investments Lc
Warranty Deed
—
—
—
Tire World Investments Lc
—
Deed Of Trust
related
$262,000 · Bank Of Utah
—
—
Tire World Investments Lc
—
Deed Of Trust
related
$500,000 · Bank Of Utah
—
—
Tire World Investment Lc
—
Deed Of Trust
related
$271,242 · Steven D & Bonnie Taylor
—
—
Tire World Investments Lc
—
Deed Of Trust
related
$200,000 · Bank Of Utah
—
—
Tire World Investments Lc
—
Deed Of Trust
related
$250,000 · Bank Of Utah
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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