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Property profile & analytics
OFF-MARKET
Estimated value
$4,430,000
Retail space
535 300th N Salt Lake City, UT 84116-4641
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US86-0211601
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Total area
83,915 SF
Lot
1.09 ac (47,480 SF)
Zoning code
TSAUC
APN
08-36-305-078
UPID
US86-0211601
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
-
WorkforceQA Drug Testing Service
-
DFW-IDT Drug Testing Service
-
Citizens West Apartment Building Apartment Complex
-
Sunny Honey Cafe & Coffee Shop
-
Reem Nev Bahar Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.43M
Owner & transaction history
Diamond Rail Apartments LLC · 6 yrs held
Diamond Rail Apartments LLC
since 2020
4 recorded transactions
Zoning & alternative use
TSAUC · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,160,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$4.43M
Range $3.99M – $4.87M · ±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
$53 / 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
$80,380
Tax year 2023
Assessed value
$13,874,880
Assessed 2023
Previous assessed
$13,874,880
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$3,576,390
Assessed improvement
$10,298,490
Land market value
$3,576,390
Improvement market value
$10,298,490
Total market value
$13,874,880
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
YES
Buildings
6
Stories
1
Units
25
Total area
83,915 SF
Lot
1.09 ac (47,480 SF)
Zoning code
TSAUC
APN
08-36-305-078
UPID
US86-0211601
Jurisdiction
SALT LAKE
Zoning & alternative use
TSAUC · Salt Lake City, UT
Zoning TSAUC · permitted uses
TSAUC · 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)
Est. value
$7.2M
COMMERCIAL (GENERAL)
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
2020
Heating
NONE
Cooling
Yes
Stories
1
Buildings
6
Units
25
Lot
1.09 ac
Current owner
From public records · entity-resolved
Diamond Rail Apartments LLC
Entity
Mailing address
50 N 600TH W, SALT LAKE CITY, UT 84116-3437
Ownership since
2020
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
Feb 22, 2022
—
Diamond Rail Apartments LLC
—
Deed
related
$4,807,058 · Rocky Mountain Community Reinvestment Co
Apr 15, 2020
—
Diamond Rail Apartments LLC
Attuned Development LLC
Special Warranty Deed
$1,000,000 · Redevelopment Agency Of Salt Lake C
Jul 13, 2017
—
Attuned Dev
B & E Properties LLC
Warranty Deed
related
—
Jul 9, 2003
—
B & E Properties LLC
Fox,bunk & Ernie
Quit Claim Deed
related
—
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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