New search
Property profile & analytics
OFF-MARKET
Estimated value
$26,550,000
Medical Office Space
5026 State St, Salt Lake City, UT 84107-4825
Entity Owned
13-yr Hold
Free & Clear
Property ID
US86-1436881
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
127,236 SF
Lot
4.71 ac (205,168 SF)
Zoning code
C-2
APN
22-07-155-021
UPID
US86-1436881
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
-
Intermountain Kem C. Gardner Transformation Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$27.68M
Comparable Approach
Comparable
$25.43M
Blend (final)
Blend
$26.55M
Owner & transaction history
Ihc Health Services INC · 13 yrs held
Ihc Health Services INC
since 2012
4 recorded transactions
Zoning & alternative use
C-2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$29,980,000
6.5%
$27,675,000
7%
$25,695,000
Blend value · Realmo final
$26.55M
Range $23.90M – $29.21M · ±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
$209 / 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
$51,017,700
Assessed 2023
Previous assessed
$53,928,300
-5.4% YoY
Assessed land
$4,597,200
Assessed improvement
$46,420,500
Land market value
$4,597,200
Improvement market value
$46,420,500
Total market value
$51,017,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
4
Units
1
Total area
127,236 SF
Lot
4.71 ac (205,168 SF)
Zoning code
C-2
APN
22-07-155-021
UPID
US86-1436881
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Salt Lake City, UT
Zoning C-2 · permitted uses
C-2 · 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.
Building & site characteristics
From public records
Year built
2017
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
4
Units
1
Lot
4.71 ac
Current owner
From public records · entity-resolved
Ihc Health Services INC
Entity
Free & Clear · 13 yrs held
Mailing address
PO BOX 3390, SALT LAKE CITY, UT 84110-3390
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2012
—
Ihc Health Services INC
Peters Holdings LLC
Quit Claim Deed
related
—
Jan 2, 2003
—
Ihc Health Services INC
Entrada Properties INC
Quit Claim Deed
related
—
—
—
Entrada Properties INC
—
Deed Of Trust
related
$325,000 · Good Trust
—
—
Entrada Properties INC
—
Deed Of Trust
related
$550,000 · 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.
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