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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Retail space
55 100th S Salt Lake City, UT 84101-1507
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0284596
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,596 SF
Lot
0.28 ac (12,197 SF)
Zoning code
D1
APN
15-01-229-056
UPID
US86-0284596
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
-
Ivy & Varley Restaurant
-
Toro-Toro Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.30M
Owner & transaction history
Bandaloops LLC · 13 yrs held
Bandaloops LLC
since 2012
7 recorded transactions
Zoning & alternative use
D1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+17.3%
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
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,640,000
Current use
MEDICAL BUILDING
$1,925,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$89 / 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
$30,656
Tax year 2023
Assessed value
$3,101,000
Assessed 2023
Previous assessed
$3,101,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,404,300
Assessed improvement
$1,696,700
Land market value
$1,404,300
Improvement market value
$1,696,700
Total market value
$3,101,000
Applied tax rate
1.0000
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
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
4
Stories
1
Total area
14,596 SF
Lot
0.28 ac (12,197 SF)
Zoning code
D1
APN
15-01-229-056
UPID
US86-0284596
Jurisdiction
SALT LAKE
Zoning & alternative use
D1 · Salt Lake City, UT
Zoning D1 · permitted uses
D1 · 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
$1.6M
MEDICAL BUILDING
Est. value
$1.9M
RETAIL STORES Current
MEDICAL BUILDING
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
1915
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
Bandaloops LLC
Entity
Mailing address
51 E 400TH S STE #210, SALT LAKE CITY, UT 84111-2764
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2012
—
Bandaloops LLC
Priskos,vasilios
Quit Claim Deed
related
$1,150,000 · Capital Community Bank
Nov 10, 2008
—
Bandaloops LLC
Wasatch Capital Corp
Grant Deed
$1,145,000 · Wasatch Cap Corp
Jan 4, 2008
—
City Creek Reserve INC
City Creek Reserve INC
Quit Claim Deed
related
—
May 1, 2007
—
City Creek Reserve INC
Property Reserve INC
Grant Deed
related
—
Nov 30, 1994
—
Wasatch Capital Corp
B P & G Partnership
Grant Deed
related
$600,000 · Seller
—
—
Wasatch Capital Corp
—
Deed Of Trust
related
$600,000 · Home Credit Bank
—
—
Wasatch Capital Corp
—
Deed Of Trust
related
$100,000 · First American Title Co
—
—
Wasatch Capital Corp
—
Deed Of Trust
related
$312,000 · Richard D Surber
—
—
Wasatch Capital Corp
—
Deed Of Trust
related
$166,000 · Key Bank & Trust
—
—
Wasatch Capital Corp
—
Deed Of Trust
related
$850,000 · Community First National Bank
—
—
Wasatch Capital Corp
—
Deed Of Trust
related
$603,557 · Michael Golightly Trustee
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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