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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Parking lots & garages
447 100th S, Salt Lake City, UT 84111-1842
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-1183539
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
2018
Total area
82,072 SF
Lot
0.44 ac (19,166 SF)
Zoning code
RMU
APN
16-06-204-028
UPID
US86-1183539
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
-
Salt Flats Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.37M
Owner & transaction history
Salt Flats Investment LLC · 1 yrs held
Salt Flats Investment LLC
since 2025
7 recorded transactions
Zoning & alternative use
RMU · 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
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$990,000
Current use
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±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
$17 / 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
$126,964
Tax year 2023
Assessed value
$23,350,500
Assessed 2023
Previous assessed
$23,350,500
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$2,158,400
Assessed improvement
$21,192,100
Land market value
$2,158,400
Improvement market value
$21,192,100
Total market value
$23,350,500
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
YES
Buildings
3
Stories
2
Units
1
Total area
82,072 SF
Lot
0.44 ac (19,166 SF)
Zoning code
RMU
APN
16-06-204-028
UPID
US86-1183539
Jurisdiction
SALT LAKE
Zoning & alternative use
RMU · Salt Lake City, UT
Zoning RMU · permitted uses
RMU · 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
PARKING LOT Current
Est. value
$990,000
PARKING LOT Current
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
2018
Heating
NONE
Cooling
Yes
Stories
2
Buildings
3
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Salt Flats Investment LLC
Entity
Mailing address
447 E 100TH S, SALT LAKE CITY, UT 84111-1842
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 27, 2025
—
Salt Flats Investment LLC
447 East LLC
Special Warranty Deed
$12,642,500 · Greystone Servicing Company LLC
Jan 24, 2020
—
447 East LLC
447 East LLC
Quit Claim Deed
related
$12,642,500 · Greystone Svcg
Aug 26, 2019
—
9 South LLC
—
Grant Deed
related
$1,490,000 · Rock Canyon Bk
May 21, 2019
—
447 East LLC
—
Loan Modification
related
$9,799,539 · Bank Of Ut
Nov 15, 2017
—
447 East LLC
—
Deed
related
$9,363,867 · Bank Of Utah
Sep 12, 2017
—
447 East LLC
447 East LLC
Quit Claim Deed
related
—
—
—
Mark K Slusser
—
Loan Modification, Consolidation And Extension
related
$151,408 · Wells Fargo Bk
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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