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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Turn key restaurants
439 900th S Salt Lake City, UT 84111-4303
Entity Owned
2-yr Hold
Free & Clear
Property ID
US86-0936345
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Total area
7,624 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CN
APN
16-07-255-031
UPID
US86-0936345
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
-
Matteo Ristorante Italiano Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$780k
Blend (final)
Blend
$645k
Owner & transaction history
439 E 900 S LLC · 2 yrs held
439 E 900 S LLC
since 2024
4 recorded transactions
Zoning & alternative use
CN · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.0M
+67.3%
Retail stores
$625,000
+3.9%
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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$600,000
Current use
MEDICAL BUILDING
$1,005,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$625,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$540,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$495,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$85 / 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
$25,020
Tax year 2023
Assessed value
$2,530,900
Assessed 2023
Previous assessed
$2,530,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$505,300
Assessed improvement
$2,025,600
Land market value
$505,300
Improvement market value
$2,025,600
Total market value
$2,530,900
Applied tax rate
13.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Total area
7,624 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CN
APN
16-07-255-031
UPID
US86-0936345
Jurisdiction
SALT LAKE
Zoning & alternative use
CN · Salt Lake City, UT
Zoning CN · permitted uses
CN · 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
RESTAURANT Current
Est. value
$600,000
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$495,000
RESTAURANT Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1977
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
439 E 900 S LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1371 E 2ND AVE, SALT LAKE CITY, UT 84103-4403
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2024
—
439 E 900 S LLC
Liberty Park Pulp LLC
Special Warranty Deed
—
Mar 19, 2018
—
Liberty Park Pulp LLC
Liberty Park Pulp LLC
Quit Claim Deed
related
—
Dec 20, 2017
—
Liberty Park Pulp LLC
Alpine Art & Frame INC
Warranty Deed
related
—
Sep 19, 2011
—
Alpine Art & Frame INC
Robert K Sewell
Warranty Deed
$401,250 · Zions First National Bank
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.
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