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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
5478 Grn St Salt Lake City, UT 84123-5632
Entity Owned
~
Est. High Equity
Property ID
US86-0059827
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,944 SF
Lot
1 ac (43,560 SF)
Zoning code
C-D-C
APN
21-13-127-021
UPID
US86-0059827
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
-
Piano Gallery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$650k
Owner & transaction history
Snowcreek Limited Partnership
Snowcreek Limited Partnership
since 2025
7 recorded transactions
Zoning & alternative use
C-D-C · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$975,000
+56.8%
Warehouse, storage
$945,000
+51.8%
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
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$620,000
Current use
INDUSTRIAL (GENERAL)
$975,000
Change: +57% · Conversion: Difficult
WAREHOUSE, STORAGE
$945,000
Change: +52% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$41 / 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
$20,809
Tax year 2023
Assessed value
$2,431,200
Assessed 2023
Previous assessed
$2,431,200
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$624,900
Assessed improvement
$1,806,300
Land market value
$624,900
Improvement market value
$1,806,300
Total market value
$2,431,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
YES
Buildings
2
Stories
2
Total area
15,944 SF
Lot
1 ac (43,560 SF)
Zoning code
C-D-C
APN
21-13-127-021
UPID
US86-0059827
Jurisdiction
SALT LAKE
Zoning & alternative use
C-D-C · Salt Lake City, UT
Zoning C-D-C · permitted uses
C-D-C · 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
RETAIL STORES Current
Est. value
$620,000
INDUSTRIAL (GENERAL)
Est. value
$975,000
WAREHOUSE, STORAGE
Est. value
$945,000
RETAIL STORES Current
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
2
Lot
1 ac
Current owner
From public records · entity-resolved
Snowcreek Limited Partnership
Entity
Mailing address
5478 S GRN ST, SALT LAKE CITY, UT 84123-5632
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Snowcreek Limited Partnership
Snowcreek Limited Partnerhip
Deed
related
$500,000 · Altabank
Dec 17, 2019
—
Snowcreek LP
—
Grant Deed
related
$4,896,000 · Altabank
Feb 22, 2018
—
Snowcreek Limited Partnership
—
Deed
related
$4,488,000 · Zb NA
Oct 11, 2006
—
Snowcreek
—
Deed Of Trust
related
$3,000,000 · Zions First National Bank
Jun 19, 2003
—
Snowcreek LP
—
Deed Of Trust
related
$2,000,000 · Zions First National Bank
Apr 23, 2002
—
Snow Creek LP
—
Deed Of Trust
related
$2,030,000 · Zions First National Bank
Mar 16, 2000
—
Snow Creek LP
Dh Real Estate LP
Grant Deed
$1,020,000 · Western Fsb
—
—
Brad E Dennis
—
Deed Of Trust
related
$750,000 · Zions First National Bank
—
—
Snowcreek LP
—
Deed Of Trust
related
$4,896,000 · Altabank
—
—
Snowcreek
—
Deed Of Trust
related
$500,000 · Zions First National Bank
—
—
Dh Real Estate LP
—
Deed Of Trust
related
$2,500,000 · Zions First National Bank
—
—
Snowcreek LP
—
Deed Of Trust
related
$400,000 · Zions First National Bank
—
—
Snowcreek LP
—
Deed Of Trust
related
$500,000 · Zions First National Bank
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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