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Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Medical Office Space
5417 Commerce Dr Salt Lake City, UT 84107-5803
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US86-0274085
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
12,738 SF
Lot
0.75 ac (32,670 SF)
Zoning code
CD
APN
21-12-454-008
UPID
US86-0274085
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
-
Envision Cosmetic Surgery Spa & Massage Center Alternative Medicine Practice
-
Kaleidoscope Kids Dentistry - Pediatric Dentist Dental Office
-
Charles Dunkley Physician
-
Dr. Ari Hobfoll Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.66M
Owner & transaction history
Commercial Medical LLC · 8 yrs held
Commercial Medical LLC
since 2018
4 recorded transactions
Zoning & alternative use
CD · 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%
$3,000,000
6.5%
$2,770,000
7%
$2,575,000
Blend value · Realmo final
$2.66M
Range $2.39M – $2.93M · ±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
$209 / 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
$32,648
Tax year 2023
Assessed value
$3,814,500
Assessed 2023
Previous assessed
$3,814,500
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$795,400
Assessed improvement
$3,019,100
Land market value
$795,400
Improvement market value
$3,019,100
Total market value
$3,814,500
Applied tax rate
90.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
12,738 SF
Lot
0.75 ac (32,670 SF)
Zoning code
CD
APN
21-12-454-008
UPID
US86-0274085
Jurisdiction
SALT LAKE
Zoning & alternative use
CD · Salt Lake City, UT
Zoning CD · permitted uses
CD · 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
2020
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Commercial Medical LLC
Entity
Mailing address
7045 S MONICA CV, SALT LAKE CITY, UT 84121-6904
Ownership since
2018
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
Jun 22, 2023
—
Commercial Medical LLC
—
Deed
related
$3,450,000 · Midfirst Bank
Aug 23, 2019
—
Commercial Medical LLC
—
Deed
related
$889,000 · Citizens Bank
Jul 23, 2018
—
Commercial Medical LLC
St George INC LLC
Special Warranty Deed
$430,300 · American United Family Credit Union
Mar 29, 2007
—
St George Inn LLC
Utah Dept Of Transportation
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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