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Property profile & analytics
OFF-MARKET Estimated value $17,275,000
Apartment buildings

47 Fireclay Ave Salt Lake City, UT 84107-2785

175,726 SF 0.29 ac lot Built 2017
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US86-1297481
Property summary
AI-generated overview

This exceptional retail opportunity is located in the vibrant Murray, Utah market at 47 W Fireclay Ave, zip code 84107. Situated within a thriving multi-level apartment complex built in 2020, this property offers two available spaces ranging from 850 to 2,775 square feet. The building boasts a strong existing tenant base with 340 multi-family units and approximately 500 residents, enjoying a 95% occupancy rate as of April 2021. This translates to a significant built-in customer base for your business. The property benefits from excellent visibility and accessibility directly from Fireclay Avenue, ensuring high foot traffic. Furthermore, its strategic location places it within a half-mile radius of 2,400 additional multi-family units, expanding the potential customer pool considerably. The proximity to a Trax station adds to its convenience and accessibility, making it an ideal location for a variety of retail businesses. This walkable, street-level retail space presents a unique opportunity to establish a thriving business in a high-demand area. The property is classified as street front retail and street level retail, offering excellent exposure and visibility. Salt Lake County location provides access to a large and diverse customer base.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 2017
Total area 175,726 SF
Lot 0.29 ac (12,632 SF)
Zoning code TOD
APN 21-01-278-027-4002
UPID US86-1297481
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
  • Fireclay Coffee Cafe & Coffee Shop
  • PhysioElite - Sports Physical Therapy Physician
  • The Present Workshop Consultant
  • Drip Wear Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.40M
Blend (final) Blend
$17.28M
Owner & transaction history
At Fireclay Communities LLC · 4 yrs held
At Fireclay Communities LLC
since 2022
3 recorded transactions
2022
Price N/A
2020
Price N/A
2019
Price N/A
Zoning & alternative use
TOD · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $25.4M +95.0%
Commercial (general) $17.3M +32.6%
Restaurant $16.8M +28.7%
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