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Property profile & analytics
OFF-MARKET Estimated value $1,435,000
Parking lots & garages

553 700th E Salt Lake City, UT 84102-2814

64,232 SF 2.02 ac lot Built 1996
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US86-0554155
Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Year built 1996
Construction WOOD FRAME
Total area 64,232 SF
Lot 2.02 ac (87,991 SF)
Zoning code RMF-45
APN 16-05-352-038
UPID US86-0554155
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.44M
Owner & transaction history
Standard Hawthorne LLC · 10 yrs held
Standard Hawthorne LLC
since 2015
3 recorded transactions
2015
Price N/A
2015
Price N/A
1969
Price N/A
Zoning & alternative use
RMF-45 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Salt Lake City is proposing to update the RMF-35 (Moderate Density Multi-Family) and RMF-45 (Moderate/High Density Multi-Family) zoning districts by combining them into a single district. This change aims to promote the development of more affordable and attainable housing while supporting residents in existing moderate-density neighborhoods. The primary foc…

Zone name Moderate High Density Multifamily Residential District
General category RESIDENTIAL
Zone area 192.28 ac
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