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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
554 300th E Salt Lake City, UT 84111-3509
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0491860
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1975
Construction
CONCRETE
Total area
14,105 SF
Lot
0.93 ac (40,511 SF)
Zoning code
RO
APN
16-06-378-008
UPID
US86-0491860
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
-
Multivista Film Production Television Studio
-
Hyland, creator of OnBase (Bike/Boat/Book/etc) Store Corporate Office
-
Streamline Development Advertising Agency Marketing & Advertising
-
Prolific Solutions Inc. Advertising Agency Marketing & Advertising
-
Dev Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$429k
Blend (final)
Blend
$620k
Owner & transaction history
Cg Library Square LP · 1 yrs held
Cg Library Square LP
since 2024
5 recorded transactions
Zoning & alternative use
RO · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$995,000
+64.1%
Commercial (general)
$920,000
+51.4%
Warehouse, storage
$790,000
+30.0%
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
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$605,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +64% · Conversion: Difficult
COMMERCIAL (GENERAL)
$920,000
Change: +51% · Conversion: Easy
WAREHOUSE, STORAGE
$790,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$675,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$44 / 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
$21,946
Tax year 2023
Assessed value
$2,219,900
Assessed 2024
Previous assessed
$2,219,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,823,800
Assessed improvement
$396,100
Land market value
$1,823,800
Improvement market value
$396,100
Total market value
$2,219,900
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1975
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
14,105 SF
Lot
0.93 ac (40,511 SF)
Zoning code
RO
APN
16-06-378-008
UPID
US86-0491860
Jurisdiction
SALT LAKE
Zoning & alternative use
RO · Salt Lake City, UT
Zoning RO · permitted uses
RO · 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
OFFICE BUILDING Current
Est. value
$605,000
AUTO REPAIR, GARAGE
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$920,000
WAREHOUSE, STORAGE
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$675,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.93 ac
Current owner
From public records · entity-resolved
Cg Library Square LP
Entity
Mailing address
101 UNIVERSITY BLVD DENVER
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
—
Cg Library Square LP
Cg Library Square LP
Correction Deed
related
—
Feb 6, 2023
—
Cg Libary Square LP
Cg Library Square LP
Special Warranty Deed
—
Sep 12, 2022
—
Cg Library Square LP
Lion Gables Realty Limited Partners
Special Warranty Deed
—
Dec 28, 2021
—
Lion Gables Realty Limited Partners
Associated Properties LLC
Special Warranty Deed
—
Mar 1, 2005
—
Associated Properties Lc
Utah Housing Corp
Grant Deed
$3,150,000 · 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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