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

    4600 Highland Dr Salt Lake City, UT 84117-5108

    • Assisted living facilities
    • 33,710 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    $1,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0892604
    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

    • Spring Creek Healthcare Center / Nursing Home
    • Jennifer Burge / Physician
    • Raelene Reeve / Physician
    • Sharon shannon #320 / Restaurant

    Property Details for 4600 Highland Dr

    Year built
    1973
    Lot size
    1.09 lot acres
    Property size
    33,710 SF
    Zone code
    R4-8.5
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    22-04-402-058
    APU
    2204402058

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,195,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,150,000
      Market price range: $1.15M - $1.67M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $1,365,000
      Current use
      WAREHOUSE, STORAGE
      $1,885,000
      Change: +38% 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
    -111.842
    Latitude
    40.6714
    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
    $34,887
    $1,401,600
    $3,064,390
    $4,465,990
    -
    $1,401,600
    $3,064,390
    $4,465,990

    Comparable in this City

    • Value Estimation
      $1,380,000
      31,927 SF

      1624 4500th S

      HOMES (RETIRED, NURSING) • 31,927 SF
      1624 4500th S, Salt Lake City, UT 84117-4212
      View Details
    • Value Estimation
      $2,125,000
      49,710 SF

      1201 4500th S

      HOMES (RETIRED, NURSING) • 49,710 SF
      1201 4500th S, Salt Lake City, UT 84117-4124
      View Details
    • Value Estimation
      $1,420,000
      41,980 SF

      4782 Holladay Blvd

      HOMES (RETIRED, NURSING) • 41,980 SF
      4782 Holladay Blvd, Salt Lake City, UT 84117-5444
      View Details
    • Value Estimation
      $1,150,000
      19,968 SF

      1205 Bonner Way

      HOMES (RETIRED, NURSING) • 19,968 SF
      1205 Bonner Way, Salt Lake City, UT 84117-4917
      View Details
    • Value Estimation
      $1,845,000
      31,840 SF

      2180 4500th S

      MEDICAL BUILDING • 31,840 SF
      2180 4500th S, Salt Lake City, UT 84117-4434
      View Details
    • Value Estimation
      $1,875,000
      9,254 SF

      1548 4500th S Ste, Unit 202

      MEDICAL BUILDING • 9,254 SF
      1548 4500th S Ste, Salt Lake City, UT 84117-5209
      View Details

    Similar Nearby for Sale

    • $1,200,000
      2,041 SF

      Class A Millcreek Medical Office Condo

      Prime Millcreek medical office, owner-user opportunity.
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    • $4,200,000
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      Holladay Retail Center Investment

      Prime Holladay storefront, high visibility.
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      Charming Home with Bonus Room

      Well-maintained home with bonus room, spacious kitchen, and comfortable layout.
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    • Contact for pricing
      9,124 SF

      Highland Drive Office Space For Sale

      Office spaces for sale near St. Marks Hospital.
      4568-4578 So. Highland Dr, Salt Lake City, UT 84117
      View Details
    • $649,900
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      Prime Commercial Lot in Murray

      High visibility commercial lot with direct access to I-15.
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      Holladay Condo with Mountain Views

      Charming 3-bed, 3-bath condo in a secluded Holladay community.
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    Similar Nearby for Lease

    • $12 SF/Yr
      10,810 SF

      Holladay Executive Office Suites

      Prime Cottonwood office space available.
      2091 Murray-Holladay Rd, Holladay, UT 84117
      View Details
    • $395 /Mo
      10,474 SF

      Holladay Office Space For Rent

      Second-floor office space near downtown Holladay with included utilities.
      4609 South East Pl East, Salt Lake City, UT 84117
      View Details
    • $19 SF/Yr
      37,926 SF

      Office Space with Atrium Lobby

      Office space featuring an atrium lobby and panoramic views.
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      View Details
    • $24 SF/Yr
      2,815 SF

      Furnished Office Space Available

      Furnished office space with conference room in mid-valley location.
      999 E Murray Holladay Rd, Salt Lake City, UT 84117
      View Details
    • Contact for pricing
      20,000 SF

      The Royce on 9th: Prime Retail Opportunity

      Salt Lake City retail space, multiple tenants, build-to-suit available.
      4670 South Brg, Salt Lake City, UT 84117
      View Details
    • $14 SF/Yr
      1,343 SF

      Professional/Medical Office Space Available

      Professional/Medical office space for rent near St. Marks Hospital.
      4568 S Highland Dr, Salt Lake City, UT 84117
      View Details
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    Salt Lake City, UT 84117-5108
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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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