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Property profile & analytics
OFF-MARKET
Estimated value
$1,665,000
Hotels
52 Tommy Thompson Rd Salt Lake City, UT 84116-2819
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-1411970
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Construction
WOOD FRAME
Total area
82,477 SF
Lot
2.81 ac (122,404 SF)
Zoning code
M-1
APN
08-31-353-014
UPID
US86-1411970
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
-
Hyatt Place Salt Lake City Airport Hotel & Motel
-
LibertyX Bitcoin ATM Atm Kiosk
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Salt Lake City Airport Bike Path West Access Hiking Area
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$1.67M
Owner & transaction history
Hyatt Place Slc Group LLC · 1 yrs held
Hyatt Place Slc Group LLC
since 2024
7 recorded transactions
Zoning & alternative use
M-1 · 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
$1,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,950,000
Current use
Blend value · Realmo final
$1.67M
Range $1.50M – $1.83M · ±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
$20 / 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
$111,710
Tax year 2023
Assessed value
$11,299,800
Assessed 2023
Previous assessed
$11,299,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,407,600
Assessed improvement
$9,892,200
Land market value
$1,407,600
Improvement market value
$9,892,200
Total market value
$11,299,800
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
2009
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
123
Total area
82,477 SF
Lot
2.81 ac (122,404 SF)
Zoning code
M-1
APN
08-31-353-014
UPID
US86-1411970
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
HOTEL/MOTEL Current
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
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
123
Lot
2.81 ac
Current owner
From public records · entity-resolved
Hyatt Place Slc Group LLC
Entity
Mailing address
PO BOX A3956, CHICAGO, IL 60690-3956
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
—
Hyatt Place Slc Group LLC
—
Deed
related
$4,663,000 · West Small Business Finance
Oct 17, 2024
—
Hyatt Place Slc Group LLC
Breit Rex Property Owner LLC
Special Warranty Deed
$14,288,527 · University First FCU
May 8, 2019
—
Bre-peak Mf Autumn Glen Ut LLC
Pcmfm LLC
Grant Deed
related
—
Sep 20, 2018
—
Breit Rex Property Owner LLC
—
Deed
related
$257,000,000 · Barclays Bk/plc
Aug 14, 2018
—
Breit Rex Property Owner LLC
Cpx Slc Airport Opag LLC
Grant Deed
related
—
May 16, 2018
—
Cpx Slc Airport Opag LLC
—
Deed
related
$190,000 · Pnc Bk/oh
Nov 30, 2007
—
International Busn Park LLC
Salt Lake Intl Center Invtrs
Grant Deed
related
—
Jun 21, 2007
—
Cpx Slc Airport Opag LLC
Salt Lake Intl Center Invtrs
Grant Deed
related
—
Sep 1, 2004
—
Salt Lake Intl Center Invtrs
Slic Investors III LLC
Quit Claim Deed
related
—
May 9, 2003
—
Slic III LLC
Salt Lake International Center
Quit Claim Deed
related
$500,000 · Vectra Management Group INC
—
—
Cpx Slc Airport Opag LLC
—
Loan Modification
related
$7,833,768 · Pnc Bk
—
—
Cpx Slc Airport Opag LLC
—
Deed Of Trust
related
$14,500,000 · Pnc Bank
—
—
Cpx Slc Airport Opag LLC
—
Deed Of Trust
related
$14,500,000 · Pnc Bank
—
—
Slic Investors III
—
Deed Of Trust
related
$129,859 · Reynolds Brothers Trucking INC
—
—
Salt Lake Intl Center Inv
—
Deed Of Trust
related
$402,000 · Vectra Management Group INC
—
—
Salt Lake Intl Center Inv
—
Deed Of Trust
related
$300,000 · Vectra Management Group INC
—
—
Breit Rex Property Owner LLC
—
Deed Of Trust
related
$257,000,000 · Barclays Bk/plc
—
—
Cpx Slc Airport Opag LLC
—
Loan Modification
related
$190,000 · Pnc Bk/oh
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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