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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Assisted living facilities
4883 Box Elder St, Salt Lake City, UT 84107-4730
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US86-1487407
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2009
Total area
14,972 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C-D-C
APN
21-12-232-012
UPID
US86-1487407
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
-
Recovery Ways at Mountain View - Alcohol & Drug Rehab Center Salt Lake City Alcoholism Treatment Program Addiction Treatment Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$646k
Blend (final)
Blend
$680k
Owner & transaction history
University Of Utah · 8 yrs held
University Of Utah
since 2018
7 recorded transactions
Zoning & alternative use
C-D-C · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+83.2%
Retail stores
$1.1M
+73.7%
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
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
$605,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,110,000
Change: +83% · Conversion: Difficult
RETAIL STORES
$1,055,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$45 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$3,193,500
Assessed 2023
Previous assessed
$2,916,500
+9.5% YoY
Assessed land
$394,900
Assessed improvement
$2,798,600
Land market value
$394,900
Improvement market value
$2,798,600
Total market value
$3,193,500
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
YES
Stories
3
Units
1
Total area
14,972 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C-D-C
APN
21-12-232-012
UPID
US86-1487407
Jurisdiction
SALT LAKE
Zoning & alternative use
C-D-C · Salt Lake City, UT
Zoning C-D-C · permitted uses
C-D-C · 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
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
Est. value
$605,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2009
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
University Of Utah
Individual
Mailing address
505 S WAKARA WAY, SALT LAKE CITY, UT 84108-1246
Ownership since
2018
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
May 30, 2018
—
University Of Utah
Mv Property LLC
Grant Deed
—
Oct 30, 2017
—
Mv Property LLC
—
Deed
related
$560,000 · Platimum Title Services LLC
Apr 15, 2009
—
Mv Property LLC
Par Properties LLC
Grant Deed
—
Jan 20, 2006
—
Box Elder Medical Plaza
Realty Funding Co INC
Warranty Deed
related
—
Nov 23, 2005
—
Realty Funding Co INC
Western Residential Dev
Warranty Deed
related
$115,000 · Chrysalis Co
Jul 29, 2005
—
Western Residential Dev LLC
Nielson Trust
Grant Deed
related
—
—
—
Mv Property LLC
—
Deed Of Trust
related
$750,000 · Daugherty Mountain View LLC
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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