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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
4489 Century Dr Salt Lake City, UT 84123-2512
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US86-0180023
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,993 SF
Lot
0.68 ac (29,621 SF)
Zoning code
MGC
APN
21-01-326-001
UPID
US86-0180023
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
-
Shell Gas Station
-
Century Express Mart Grocery & Convenience Store
-
Texaco Auto Repair Shop
-
La Cocina De Mamá Hila Restaurant
-
The Desi Mango Agricultural Supply Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Khodiyar LLC · 16 yrs held
Khodiyar LLC
since 2010
7 recorded transactions
Zoning & alternative use
MGC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,147
Tax year 2023
Assessed value
$1,185,500
Assessed 2023
Previous assessed
$1,185,500
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$578,800
Assessed improvement
$606,700
Land market value
$578,800
Improvement market value
$606,700
Total market value
$1,185,500
Applied tax rate
21.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
2,993 SF
Lot
0.68 ac (29,621 SF)
Zoning code
MGC
APN
21-01-326-001
UPID
US86-0180023
Jurisdiction
SALT LAKE
Zoning & alternative use
MGC · Salt Lake City, UT
Zoning MGC · permitted uses
MGC · 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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Khodiyar LLC
Entity
Mailing address
4489 S CENTURY DR, SALT LAKE CITY, UT 84123-2512
Ownership since
2010
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
Jun 17, 2010
—
Khodiyar LLC
Zions First Natl Bk
Grant Deed
$608,000 · Zions First National Bank
Nov 25, 2009
$856,091
Zions First Natl Bk
Erbin Thomas J
Trustees Deed
related
—
Oct 26, 2004
—
Hill Oil Co LLC
Wasatch Petroleum LLC
Warranty Deed
$1,440,750 · Zions First National Bank
Jun 14, 2001
—
Wasatch Petroleum LLC
Noorda,donald E
Grant Deed
related
—
May 16, 2001
—
Wasatch Petroleum LLC
Noorda,don
Grant Deed
$450,000 · Redshore 1031 Exchanges INC
—
—
Wasatch Petroleum LLC
—
Deed Of Trust
related
$1,130,000 · Zions First National Bank
—
—
Hill Oil Co LLC
—
Deed Of Trust
related
$614,000 · Utah Certified Dev Co
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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