Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,355,000
Investment properties
5280 Commerce Dr Salt Lake City, UT 84107-7929
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US86-0475441
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,488 SF
Lot
3.64 ac (158,558 SF)
Zoning code
CDC
APN
21-12-401-031
UPID
US86-0475441
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
-
Addtech Controls Electronics & Wireless Store
-
R&M Engineering Engineering Consultant
-
Innovation Simple Business Service Center
-
Utah Emergency Medical Training Council Medical School
-
Okonite Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.36M
Owner & transaction history
The Clift Building L C · 10 yrs held
The Clift Building L C
since 2016
4 recorded transactions
Zoning & alternative use
CDC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+47.1%
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
COMMERCIAL (GENERAL)
$2,800,000
Current use
MEDICAL BUILDING
$4,120,000
Change: +47% · Conversion: Easy
RESTAURANT
$2,720,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,670,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,280,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.36M
Range $3.02M – $3.69M · ±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
$118 / 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
$53,497
Tax year 2023
Assessed value
$6,250,400
Assessed 2023
Previous assessed
$6,250,400
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$3,607,200
Assessed improvement
$2,643,200
Land market value
$3,607,200
Improvement market value
$2,643,200
Total market value
$6,250,400
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Total area
28,488 SF
Lot
3.64 ac (158,558 SF)
Zoning code
CDC
APN
21-12-401-031
UPID
US86-0475441
Jurisdiction
SALT LAKE
Zoning & alternative use
CDC · Salt Lake City, UT
Zoning CDC · permitted uses
CDC · 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
$2.8M
MEDICAL BUILDING
Est. value
$4.1M
RESTAURANT
Est. value
$2.7M
WAREHOUSE, STORAGE
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Lot
3.64 ac
Current owner
From public records · entity-resolved
The Clift Building L C
Individual
Mailing address
5288 S COMMERCE DR, SALT LAKE CITY, UT 84107-4783
Ownership since
2016
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
Apr 30, 2025
—
The Clift Building Lc
—
Deed
related
$400,000 · Deseret First FCU
Jul 7, 2016
—
The Clift Building L C
Lake Park Apartments INC
Warranty Deed
$10,000,000 · Zb NA
Dec 14, 2015
—
Clift Building Lc
Cedar Park LLC
Warranty Deed
—
Apr 17, 1997
—
Building Dynamics INC
Westmark Property Lc
Grant Deed
$180,000 · Washington Mutual Fsb
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?”
You own 5280 Commerce Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
