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Property profile & analytics
OFF-MARKET
Estimated value
$4,550,000
Automotive properties
5500 State St Salt Lake City, UT 84107-6031
Entity Owned
4-yr Hold
Free & Clear
Property ID
US86-0240982
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1967
Total area
85,152 SF
Lot
8.49 ac (369,824 SF)
Zoning code
CDC
APN
22-18-101-043
UPID
US86-0240982
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
-
Chevy Parts HQ Auto Parts Store
-
InCharge Energy Charging Station Electric Vehicle Charging Station
-
BNI Wealth Masters Chapter Association / Organization Business Networking Company
-
Chevrolet Murray Service Department Auto Repair Shop
-
Utah Car Credit Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.55M
Owner & transaction history
Lhm Chv LLC · 4 yrs held
Lhm Chv LLC
since 2022
7 recorded transactions
Zoning & alternative use
CDC · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,810,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,315,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$5,990,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±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
$53 / 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
$172,765
Tax year 2023
Assessed value
$20,185,200
Assessed 2023
Previous assessed
$20,185,200
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$7,396,500
Assessed improvement
$12,788,700
Land market value
$7,396,500
Improvement market value
$12,788,700
Total market value
$20,185,200
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1967
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
85,152 SF
Lot
8.49 ac (369,824 SF)
Zoning code
CDC
APN
22-18-101-043
UPID
US86-0240982
Jurisdiction
SALT LAKE
Zoning & alternative use
CDC · Salt Lake City, UTZoning CDC · permitted uses
CDC · Salt Lake City, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.3M
RETAIL STORES
Est. value
$6.0M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1967
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
8.49 ac
Current owner
From public records · entity-resolved
Lhm Chv LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2905 PREMIERE PKWY, DULUTH, GA 30097-5247
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
Lhm Chv LLC
Miller Family Real Estate LLC
Quit Claim Deed
related
—
Dec 30, 2021
—
Lhm Chv LLC
Miller Family Real Estate LLC
Special Warranty Deed
—
Jun 5, 2017
—
Miller Fam R & E LLC
—
Deed
related
$279,000,000 · Comerica Bk
Jun 12, 2012
—
Miller Family R & E LLC
—
Deed Of Trust
related
$280,000,000 · Comerica Bank
Mar 23, 2011
—
Miller Family R & E LLC
Miller Family R/e LLC
Quit Claim Deed
related
—
Jan 18, 2011
—
Miller Family R & E LLC
—
Deed Of Trust
related
$12,424,000 · Us Bank NA
May 6, 2009
—
Garff Wade Properties LLC
Su Corp INC
Quit Claim Deed
$10,400,000 · Us Bk
Oct 26, 2006
—
Su Corp INC
Swac East LLC
Grant Deed
related
—
Jan 12, 2006
—
Swac East LLC
Garff Wade Properties LLC
Grant Deed
related
—
—
—
Miller Fam R & E LLC
—
Loan Modification
related
$279,000,000 · Comerica Bk
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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