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Property profile & analytics
OFF-MARKET
Estimated value
$2,975,000
Hotels
4843 Douglas Corrigan Way Salt Lake City, UT 84116-2817
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US86-0477676
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
85,299 SF
Lot
3.78 ac (164,657 SF)
Zoning code
M-1
APN
07-36-477-007
UPID
US86-0477676
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
-
Courtyard Salt Lake City Airport Hotel & Motel
-
4843 West Douglas Corrigan Way Parking Parking Lot & Garage
-
ATM Atm
-
Utah Rail Transportation Infrastructure
-
The Bistro – Eat. Drink. Connect.® Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$2.98M
Owner & transaction history
Bcore Select Raven 1 LLC · 7 yrs held
Bcore Select Raven 1 LLC
since 2019
5 recorded transactions
Zoning & alternative use
M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$4.1M
+102.8%
Warehouse, storage
$3.7M
+84.1%
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
HOTEL/MOTEL
$2,020,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,095,000
Change: +103% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,715,000
Change: +84% · Conversion: Difficult
Blend value · Realmo final
$2.98M
Range $2.68M – $3.27M · ±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
$35 / 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
$151,907
Tax year 2023
Assessed value
$15,365,900
Assessed 2023
Previous assessed
$15,365,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,893,600
Assessed improvement
$13,472,300
Land market value
$1,893,600
Improvement market value
$13,472,300
Total market value
$15,365,900
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Units
154
Total area
85,299 SF
Lot
3.78 ac (164,657 SF)
Zoning code
M-1
APN
07-36-477-007
UPID
US86-0477676
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Salt Lake City, UT
Zoning M-1 · permitted uses
M-1 · 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
HOTEL/MOTEL Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
WAREHOUSE, STORAGE
Est. value
$3.7M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Units
154
Lot
3.78 ac
Current owner
From public records · entity-resolved
Bcore Select Raven 1 LLC
Entity
Mailing address
PO BOX A3956, CHICAGO, IL 60690-3956
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2024
—
Bcore Select Raven 1 LLC
—
Deed
related
—
Aug 16, 2019
—
Bcore Select Raven 1 Trs LLC
—
Deed
related
$415,000,000 · Goldman Sachs Bank USA
Jun 28, 2019
—
Bcore Select Raven 1 LLC
Rlj II-c Salt Lake LLC
Grant Deed
related
—
May 24, 2011
—
Rlj II-c Salt Lake LLC
—
Deed Of Trust
related
$504,548,870 · Us Bank NA #2006-c27 (ce)
Jun 30, 2006
—
Rlj II C Salt Lake LLC
Saltcourt LLC
Special Warranty Deed
$504,548,870 · Wachovia Bank NA
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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