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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Investment properties
4643 Highland Dr Salt Lake City, UT 84117
Trust Owned
Free & Clear
Property ID
US86-0259934
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1988
Construction
WOOD FRAME
Total area
5,999 SF
Lot
0.68 ac (29,621 SF)
Zoning code
RM
APN
22-04-479-002
UPID
US86-0259934
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$760k
Owner & transaction history
The Msb Trust
The Msb Trust
since 2025
7 recorded transactions
Zoning & alternative use
RM · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$820,000
+53.6%
Restaurant
$675,000
+26.5%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$535,000
Current use
MEDICAL BUILDING
$820,000
Change: +54% · Conversion: Easy
RESTAURANT
$675,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$480,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$127 / 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
$13,950
Tax year 2023
Assessed value
$1,294,600
Assessed 2023
Previous assessed
$1,294,600
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$663,800
Assessed improvement
$630,800
Land market value
$663,800
Improvement market value
$630,800
Total market value
$1,294,600
Applied tax rate
82.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1988
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Rooms
6
Bathrooms
1
Total area
5,999 SF
Lot
0.68 ac (29,621 SF)
Zoning code
RM
APN
22-04-479-002
UPID
US86-0259934
Jurisdiction
SALT LAKE
Zoning & alternative use
RM · Salt Lake City, UT
Zoning RM · permitted uses
RM · 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
COMMERCIAL (GENERAL) Current
Est. value
$535,000
MEDICAL BUILDING
Est. value
$820,000
RESTAURANT
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$480,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
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
1988
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
6
Bathrooms
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
The Msb Trust
Trust
Free & Clear · 0 yrs held
Mailing address
1028 S 1900TH E, SALT LAKE CITY, UT 84108-1861
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 17, 2025
—
The Msb Trust
Gse Global LLC
Deed
—
Oct 11, 2022
—
Gse Global LLC
Msb International LLC
Warranty Deed
—
Jan 20, 2021
—
Msb International LLC
Scotia International Of Nevada INC
Special Warranty Deed
$1,621,608 · University First FCU
Dec 4, 2018
—
Scotia Intl Of Nevada INC
Morrell Utah Holdings LLC
Warranty Deed
$1,000,000 · Morrell Utah Holdings LLC
Jul 7, 2011
—
Morrell Utah Holdings LLC
Platt Josephine J Trust
Warranty Deed
—
—
—
Josephine Platt
—
Deed Of Trust
related
$115,000 · Zions First National Bank
—
—
Josephine Platt
—
Deed Of Trust
related
$240,000 · Zions First National Bank
—
—
Platt,tr
—
Deed Of Trust
related
$490,000 · Zions First National Bank
—
—
Josephine Platt
—
Deed Of Trust
related
$150,000 · 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.
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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