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Property profile & analytics
OFF-MARKET
Estimated value
$1,455,000
Hotels
5429 Commerce Dr Salt Lake City, UT 84107-5803
Entity Owned
3-yr Hold
Free & Clear
Property ID
US86-0667375
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2014
Total area
66,963 SF
Lot
1.74 ac (75,794 SF)
Zoning code
C-D
APN
21-13-128-005
UPID
US86-0667375
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
-
ATM Machine (Absolute ATMs) Atm
-
LibertyX Bitcoin ATM Atm
-
Bridgett Hotel & Motel
-
Holiday Inn Express & Suites Salt Lake City South - Murray, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.46M
Owner & transaction history
Springtime Hospitality LLC · 3 yrs held
Springtime Hospitality LLC
since 2022
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
$1,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,670,000
Current use
Blend value · Realmo final
$1.46M
Range $1.31M – $1.60M · ±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
$22 / 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
$74,355
Tax year 2023
Assessed value
$8,687,400
Assessed 2023
Previous assessed
$8,687,400
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,548,200
Assessed improvement
$7,139,200
Land market value
$1,548,200
Improvement market value
$7,139,200
Total market value
$8,687,400
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2014
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
114
Total area
66,963 SF
Lot
1.74 ac (75,794 SF)
Zoning code
C-D
APN
21-13-128-005
UPID
US86-0667375
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
$1.7M
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
2014
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
114
Lot
1.74 ac
Current owner
From public records · entity-resolved
Springtime Hospitality LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3148 EL CAMINO REAL, SANTA CLARA, CA 95051-2900
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
Springtime Hospitality LLC
Red Bluff Hotel LLC
Warranty Deed
—
Nov 7, 2017
—
Bluff Hotel LLC
5003 Hotel LLC
Special Warranty Deed
$4,000,000 · Zb NA
Dec 22, 2016
—
Pennbridge Murray Hotel LLC
5300 Hotel LLC
Grant Deed
—
Mar 26, 2015
—
M-53 Associates LLC
5300 Hotel LLC
Grant Deed
—
Sep 24, 2013
—
5300 Hotel LLC
Victor Kimball
Special Warranty Deed
$7,750,000 · Citizens Community Bank
May 16, 2006
—
Victor Kimball
Wadman Corp
Warranty Deed
—
Jan 18, 1996
—
Wadman Corporation
Erickson,donald A
Grant 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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