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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Auto shops
549 500th S Salt Lake City, UT 84101-2207
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US86-0352409
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,996 SF
Lot
2.49 ac (108,464 SF)
Zoning code
CG
APN
15-01-352-038
UPID
US86-0352409
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
-
The Driver Provider Freight Service Logistics Company
-
Holiday Motor Coach LLC Travel Agency Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$895k
Blend (final)
Blend
$730k
Owner & transaction history
3333/3335 South State Lc · 8 yrs held
3333/3335 South State Lc
since 2017
7 recorded transactions
Zoning & alternative use
CG · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$825,000
+4.2%
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
$565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$795,000
Current use
WAREHOUSE, STORAGE
$825,000
Change: +4% · Conversion: Easy
COMMERCIAL (GENERAL)
$790,000
Change: -1% · Conversion: Moderate
RESTAURANT
$740,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$66 / 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
$26,429
Tax year 2023
Assessed value
$2,673,400
Assessed 2023
Previous assessed
$2,673,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,594,400
Assessed improvement
$1,079,000
Land market value
$1,594,400
Improvement market value
$1,079,000
Total market value
$2,673,400
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
3
Stories
1
Units
1
Total area
10,996 SF
Lot
2.49 ac (108,464 SF)
Zoning code
CG
APN
15-01-352-038
UPID
US86-0352409
Jurisdiction
SALT LAKE
Zoning & alternative use
CG · Salt Lake City, UT
Zoning CG · permitted uses
CG · 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
AUTO REPAIR, GARAGE Current
Est. value
$795,000
WAREHOUSE, STORAGE
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$790,000
RESTAURANT
Est. value
$740,000
AUTO REPAIR, GARAGE Current
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
1944
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
3
Units
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
3333/3335 South State Lc
Individual
Mailing address
3333-3335 S STATE LC, SALT LAKE CITY, UT 84103
Ownership since
2017
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
Jan 18, 2019
—
33333 3335 South State Lc
—
Deed
related
$1,700,000 · Mountain America FCU
Nov 14, 2017
—
3333/3335 South State Lc
Barron Wilson LLC
Warranty Deed
$1,600,000 · Bank Of Ut
May 9, 2013
—
Cummins,gordon W JR Trust
Cummins Gordon W JR Trust
Quit Claim Deed
related
—
May 17, 2006
—
Cummins Gordon W JR Trust
Barron Wilson LLC
Grant Deed
—
Apr 11, 2006
—
Barron Wilson LLC
Lewis Bros Stages INC
Warranty Deed
$802,500 · Us Bank NA
—
—
Barron Wilson LLC
—
Deed Of Trust
related
$950,000 · Bank Of America
—
—
Lewis Bros Stages INC
—
Deed Of Trust
related
$300,000 · Selective Funding LLC
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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