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Property profile & analytics
FOR LEASE
Investment properties
510 S 200 W, Salt Lake City, UT 84101
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US86-0178693
For Lease
1 / 3
$21 SF/Yr
510 S 200 W, Salt Lake City, UT 84101
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,850 SF
Lot
1.02 ac (44,431 SF)
Zoning code
D2
APN
15-01-452-023
UPID
US86-0178693
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
-
REV CHURCH SLC Church
-
Rise Up School of Dance Training Center
-
Hopper Inc Corporate Office
-
Retirement Plan Consultants Financial Advisor
-
Argenta Financial Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.33M
Owner & transaction history
Slc 510 South 200 West LP · 4 yrs held
Slc 510 South 200 West LP
since 2022
6 recorded transactions
Zoning & alternative use
D2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.8M
+5.0%
Auto repair, garage
$3.7M
+0.8%
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)
$3,645,000
Current use
WAREHOUSE, STORAGE
$3,825,000
Change: +5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,670,000
Change: +1% · Conversion: Difficult
RESTAURANT
$3,415,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.09M – $2.56M · ±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
$46 / 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
$90,385
Tax year 2023
Assessed value
$9,142,700
Assessed 2023
Previous assessed
$9,142,700
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$3,574,800
Assessed improvement
$5,567,900
Land market value
$3,574,800
Improvement market value
$5,567,900
Total market value
$9,142,700
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Buildings
2
Stories
3
Units
37
Total area
50,850 SF
Lot
1.02 ac (44,431 SF)
Zoning code
D2
APN
15-01-452-023
UPID
US86-0178693
Jurisdiction
SALT LAKE
Zoning & alternative use
D2 · Salt Lake City, UT
Zoning D2 · permitted uses
D2 · 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
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.7M
RESTAURANT
Est. value
$3.4M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
RESTAURANT
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
3
Buildings
2
Units
37
Lot
1.02 ac
Current owner
From public records · entity-resolved
Slc 510 South 200 West LP
Entity
Mailing address
500 W 5TH ST, AUSTIN, TX 78701-3830
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2024
—
Missio Dei Community
—
Deed
related
$2,046,000 · The Solomon Foundation
Jun 1, 2022
—
Slc 510 South 200 West LP
K & D Larsen 1st LLC
Special Warranty Deed
$6,000,000 · Fortis Private Bank
Jul 25, 2019
—
Missio Dei Community
—
Deed
related
$2,080,000 · Solomon Foun
Dec 31, 2001
—
K & D Larsen LLC
—
Trustees Deed
related
$5,041,000 · Zions First National Bank
Nov 21, 2001
—
K & D Larsen First LLC
Resource Management INC
Quit Claim Deed
related
—
—
—
K & D Larsen 1st LLC
—
Deed Of Trust
related
$3,100,000 · 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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