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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    440 300th S Salt Lake City, UT 84111-2661

    • Apartment buildings
    • 54,221 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimations
    $1,590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0441294
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Broadway Apartments / Apartment Building / Apartment Rental Agency
    • Elevated K9 / Dog Trainer

    Property Details for 440 300th S

    Year built
    1926
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.25 lot acres
    Property size
    54,221 SF
    Zone code
    RMU
    Property type
    Apartment buildings
    APN
    16-06-402-010
    APU
    1606402010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,585,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,594,000
      Market price range: $434k - $2.85M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,550,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,600,000
      Change: +68% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.879
    Latitude
    40.7622
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $63,311
    $5,331,700
    $6,312,100
    $11,643,800
    -
    $5,331,700
    $6,312,100
    $11,643,800

    Comparable in this City

    • Value Estimation
      $6,750,000
      295,094 SF

      380 400th E

      APARTMENT HOUSE (100+ UNITS) • 295,094 SF
      380 400th E, Salt Lake City, UT 84111-2925
      View Details
    • Value Estimation
      $600,000
      19,202 SF

      447 Blair St, Unit 100

      APARTMENT HOUSE (5+ UNITS) • 19,202 SF
      447 Blair St, Salt Lake City, UT 84111-4386
      View Details
    • Value Estimation
      $570,000
      13,912 SF

      447 Blair St, Unit 201

      APARTMENT HOUSE (5+ UNITS) • 13,912 SF
      447 Blair St, Salt Lake City, UT 84111-4388
      View Details
    • Value Estimation
      $570,000
      13,912 SF

      447 Blair St, Unit 401

      APARTMENT HOUSE (5+ UNITS) • 13,912 SF
      447 Blair St, Salt Lake City, UT 84111-4391
      View Details
    • Value Estimation
      $3,100,000
      159,307 SF

      525 300th E

      APARTMENT HOUSE (100+ UNITS) • 159,307 SF
      525 300th E, Salt Lake City, UT 84111
      View Details
    • Value Estimation
      $6,000,000
      355,294 SF

      489 400th S

      APARTMENT HOUSE (100+ UNITS) • 355,294 SF
      489 400th S, Salt Lake City, UT 84111-3076
      View Details

    Similar Nearby for Sale

    • New
      $4,999,995
      32,000 SF

      Salt Lake City High Rise

      High-rise multifamily property in Salt Lake City available for sale.
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    • $419,000
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      Rare Corner Unit in Belmont

      3-bedroom condo near Liberty Park, vibrant Salt Lake neighborhood.
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    • $395,000
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      Renovated Condo with Community Amenities

      Move-in ready condo near downtown amenities with community features.
      339 E 600 S, Salt Lake City, UT 84111
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    • $339,000
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      Downtown Condo in Historic Belvedere

      Renovated condo in downtown Salt Lake City with modern amenities.
      29 S State St, Salt Lake City, UT 84111
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    • $419,000
      1,268 SF

      Rare Corner Unit Near Liberty

      3-bedroom condo near Liberty Park, shops, and downtown Salt Lake.
      170 E Belmont Ave, Salt Lake City, UT 84111
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    • $529,999
      2,314 SF

      Duplex Near Downtown Salt Lake

      Duplex near downtown and University of Utah with many upgrades.
      779 S 400 E, Salt Lake City, UT 84111
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      36,396 SF

      Salt Lake City Executive Office Space

      Prime Office Suite, 1687 sq ft Available
      370 Temple St, Salt Lake City, UT 84111
      View Details
    • $28 SF/Yr
      61,081 SF

      Executive Suites, Salt Lake City

      Historic Office Space For Lease. Multiple Suites Available.
      32 Exchange Pl, Salt Lake City, UT 84111
      View Details
    • $19 SF/Yr
      105,649 SF

      Executive Suites, Salt Lake City CBD

      Prestigious CBD Office Space, Flexible Terms
      9 Exchange Pl, Salt Lake City, UT 84111
      View Details
    • $30 SF/Yr
      126,194 SF

      Historic Downtown Salt Lake Office

      126,194 SF Office Space Available
      175 Main St, Salt Lake City, UT 84111
      View Details
    • $25 SF/Yr
      19,512 SF

      Orpheum City Creek Office Space

      Historic Salt Lake City Office Building
      132 State St, Salt Lake City, UT 84111
      View Details
    • $24 SF/Yr
      23,000 SF

      Downtown Salt Lake City Office Space

      Prime location, modern office suites, flexible layouts.
      30 Broadway, Salt Lake City, UT 84111
      View Details
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    440 300th S
    Salt Lake City, UT 84111-2661
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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