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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Hotels
5335 College Dr Salt Lake City, UT 84123
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-1474479
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
54,370 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C-D
APN
21-12-376-011
UPID
US86-1474479
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
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$863k
Blend (final)
Blend
$1.01M
Owner & transaction history
Utah Department Of Transportation · 3 yrs held
Utah Department Of Transportation
since 2023
7 recorded transactions
Zoning & alternative use
C-D · 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
$1,160,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,355,000
Current use
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$19 / 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
Tax billed
$44,977
Tax year 2022
Assessed value
$4,995,800
Assessed 2023
Previous assessed
$4,331,200
+15.3% YoY
Effective rate
0.90%
On assessed value
Assessed land
$1,862,600
Assessed improvement
$3,133,200
Land market value
$1,862,600
Improvement market value
$3,133,200
Total market value
$4,995,800
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Units
99
Total area
54,370 SF
Lot
2.16 ac (94,090 SF)
Zoning code
C-D
APN
21-12-376-011
UPID
US86-1474479
Jurisdiction
SALT LAKE
Zoning & alternative use
C-D · Salt Lake City, UT
Zoning C-D · permitted uses
C-D · 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
$1.4M
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Units
99
Lot
2.16 ac
Current owner
From public records · entity-resolved
Utah Department Of Transportation
Entity
Mailing address
4501 S CONSTITUTION BLVD, TAYLORSVILLE, UT 84129-5928
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2023
—
Shriji Hospitality LLC
—
Deed
related
$3,900,000 · Cache Valley Bank
Jan 6, 2023
—
Utah Department Of Transportation
Pavilion Inn INC
Warranty Deed
—
Dec 19, 2017
—
Shriji Hospitality LLC
—
Deed
related
$4,125,000 · University First FCU
Aug 19, 2014
—
Shriji Hospitality LLC
Pavilion Inn INC
Grant Deed
$2,885,000 · First Ut Bk
Feb 15, 2005
—
Pavilion Inn INC
Salt Lake Pavilion INC
Quit Claim Deed
$2,124,000 · Zions First National Bank
Jul 30, 2004
—
Salt Lake Pavilion INC
Pivp Hotel Management Corp
Grant Deed
related
—
Oct 3, 2001
—
Utah Department Transportation
Pivp Hotel Management Corp
Quit Claim Deed
related
—
—
—
Shriji Hospitality LLC
—
Loan Modification
related
$2,885,000 · First Ut Bk
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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