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Property profile & analytics
OFF-MARKET
Sports & entertainment properties
5290 Emigration Cyn Rd Salt Lake City, UT 84108-1772
Individually Owned
~
Est. High Equity
Property ID
US86-0598348
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1977
Total area
2,310 SF
Lot
0.31 ac (13,504 SF)
Zoning code
6192
APN
10-32-355-005
UPID
US86-0598348
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard C Merritt
Richard C Merritt
since 2025
7 recorded transactions
Zoning & alternative use
6192 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,482
Tax year 2023
Assessed value
$491,600
Assessed 2023
Previous assessed
$491,600
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$255,900
Assessed improvement
$235,700
Land market value
$255,900
Improvement market value
$235,700
Total market value
$491,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1977
Heating
CENTRAL
Stories
3
Rooms
8
Bathrooms
2
Total area
2,310 SF
Lot
0.31 ac (13,504 SF)
Zoning code
6192
APN
10-32-355-005
UPID
US86-0598348
Jurisdiction
SALT LAKE
Zoning & alternative use
6192 · Salt Lake City, UT
Zoning 6192 · permitted uses
6192 · 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
1977
Heating
CENTRAL
Stories
3
Rooms
8
Bathrooms
2
Lot
0.31 ac
Current owner
From public records · entity-resolved
Richard C Merritt
Individual
Mailing address
44 W BROADWAY #6085, SALT LAKE CITY, UT 84101-3201
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2025
—
Richard C Merritt
Jeremiah Brown
Quitclaim Deed
related
—
Oct 22, 2025
—
Nicholas Reichert
Austin Spencer
Quitclaim Deed
$740,000 · United Wholesale Mortgage
Sep 27, 2023
—
Austin Spencer
Howdy Development LLC
Warranty Deed
—
Jul 7, 2023
—
Howdy Development LLC
Kyle Jessee
Warranty Deed
$600,000 · Gsgg LLC
Mar 17, 2022
$605,000
Kyle Jessee
Dlj Mortgage Capital INC
Limited Warranty Deed
$615,000 · Pine Valley Investments LLC
Mar 17, 2022
—
Blackwater Capital LLC
Kyle Jessee
Warranty Deed
—
Nov 17, 2021
$435,351
Dlj Mortgage Capital INC
Tm Momentum Ventures
Trustees Deed
related
—
Oct 24, 2018
—
Tm Momentum Ventures LLC
—
Trustees Deed
related
$336,417 · Civic Fin'l Svcs
Nov 22, 2017
—
Tm Momentum Ventures LLC
Hutchins,lynn H
Quit Claim Deed
related
—
Sep 14, 2017
—
Tm Momentum Ventures LLC
Shutt-banks,natalie
Warranty Deed
$165,000 · Maria Brockbank
Sep 17, 2015
—
Natalie Shutt-banks
Sory,james D & Colleen H
Warranty Deed
—
Oct 28, 2014
—
James D Sory
Sory,dennis L
Quit Claim Deed
related
—
Dec 28, 1998
—
James D Sory
Sory,james D & Colleen H
Quit Claim Deed
related
$119,000 · Park Place Mortgage Corp
—
—
James D Sory
—
Deed Of Trust
related
$211,500 · Individual
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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