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Property profile & analytics
FOR LEASE
Medical Office Space
4400 S 700 E, Salt Lake City, UT 84107
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US86-0202044
For Lease
1 / 3
$21 SF/Yr
4400 S 700 E, Salt Lake City, UT 84107
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
CONCRETE
Total area
28,186 SF
Lot
1.65 ac (71,874 SF)
Zoning code
R-M/ZC
APN
22-05-151-012
UPID
US86-0202044
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
-
Jean Brown Research Factory Production Facility
-
Rocky Mountain Eye Care Eye Care Center
-
Rocky Mountain Eye Care Associates Eye Care Center Ophthalmology Clinic
-
Moran Eye Center: Larson Scott A MD Physician Ophthalmologist
-
Dr. Peter R. Hurlbert-Miller, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.13M
Comparable Approach
Comparable
$4.64M
Blend (final)
Blend
$5.39M
Owner & transaction history
Rocky Mountain Eye Center LLC · 12 yrs held
Rocky Mountain Eye Center LLC
since 2013
7 recorded transactions
Zoning & alternative use
R-M/ZC · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,640,000
6.5%
$6,130,000
7%
$5,690,000
Blend value · Realmo final
$5.39M
Range $4.85M – $5.92M · ±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
$191 / 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
$60,527
Tax year 2023
Assessed value
$5,000,200
Assessed 2023
Previous assessed
$5,000,200
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,178,700
Assessed improvement
$3,821,500
Land market value
$1,178,700
Improvement market value
$3,821,500
Total market value
$5,000,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1985
Construction
CONCRETE
Heating
HOT WATER
Buildings
2
Stories
1
Total area
28,186 SF
Lot
1.65 ac (71,874 SF)
Zoning code
R-M/ZC
APN
22-05-151-012
UPID
US86-0202044
Jurisdiction
SALT LAKE
Zoning & alternative use
R-M/ZC · Salt Lake City, UT
Zoning R-M/ZC · permitted uses
R-M/ZC · 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.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
HOT WATER
Stories
1
Buildings
2
Lot
1.65 ac
Current owner
From public records · entity-resolved
Rocky Mountain Eye Center LLC
Entity
Mailing address
20 W CENTURY PARK WAY, SOUTH SALT LAKE, UT 84115-3508
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2023
—
Rocky Mountain Eye Center LLC
—
Deed
related
$561,560 · Safeco Investments INC
Dec 30, 2013
—
Rocky Mountain Eye Center LLC
Rocky Mtn Coml Holdings LLC
Quit Claim Deed
related
$2,525,000 · Bank Of Utah
Jan 28, 2005
—
Rocky Mtn Coml Holdings LLC
Barstow,gerald G & Janet K
Warranty Deed
—
Jan 4, 2005
—
Gerald G Barstow
Alldredge,o C
Warranty Deed
$2,165,000 · Ge Life & Annuity Assurance Co
Sep 27, 2004
—
O C Alldredge
Mountain Medical Properties Lc
Warranty Deed
related
—
Jun 26, 2002
—
Mountain Medical Properties Lc
Kottler,michael S
Quit Claim Deed
related
$1,650,846 · Zions First National Bank
—
—
Rocky Mountain Eye Center LLC
—
Deed Of Trust
related
$162,286 · Safeco Investments INC
—
—
Rocky Mountain Eye Center LLC
—
Deed Of Trust
related
$25,349 · Safeco Investments INC
—
—
Rocky Mountain Eye Center LLC
—
Deed Of Trust
related
$150,000 · Safeco Investments INC Safeco Investments INC
—
—
Mountain Medical Properties
—
Deed Of Trust
related
$1,500,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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