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Property profile & analytics
OFF-MARKET
Estimated value
$9,945,000
Medical Office Space
555 Foothill Dr Salt Lake City, UT 84112-1106
Entity Owned
Free & Clear
Property ID
US86-0427638
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Total area
47,455 SF
Lot
1.48 ac (64,469 SF)
Zoning code
I
APN
16-04-400-006
UPID
US86-0427638
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
-
U of U Health Madsen Health Center Medical Clinic
-
Madsen Surgery Center Medical Clinic Hospital
-
Ragle Nathan J MD Physician
-
Rockwell W Bradford MD Physician Medical Clinic
-
Madsen Health Center: Agarwal Cori A MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.32M
Comparable Approach
Comparable
$9.57M
Blend (final)
Blend
$9.95M
Owner & transaction history
UNIVERSITY UTAH RESEARCH
UNIVERSITY UTAH RESEARCH
Zoning & alternative use
I · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$13.1M
+109.1%
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%
$11,180,000
6.5%
$10,320,000
7%
$9,585,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,260,000
Current use
APARTMENT HOUSE (5+ UNITS)
$13,090,000
Change: +109% · Conversion: Moderate
Blend value · Realmo final
$9.95M
Range $8.95M – $10.94M · ±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
$210 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$19,096,700
Assessed 2023
Previous assessed
$16,317,300
+17.0% YoY
Assessed land
$1,579,500
Assessed improvement
$17,517,200
Land market value
$1,579,500
Improvement market value
$17,517,200
Total market value
$19,096,700
Applied tax rate
13.0000
Comparables
4 recent transactions · within 1.5 miComparable in this city
4 recent transactions
Comparable in this City
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Units
1
Total area
47,455 SF
Lot
1.48 ac (64,469 SF)
Zoning code
I
APN
16-04-400-006
UPID
US86-0427638
Jurisdiction
SALT LAKE
Zoning & alternative use
I · Salt Lake City, UT
Zoning I · permitted uses
I · 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
MEDICAL BUILDING Current
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.1M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1970
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
UNIVERSITY UTAH RESEARCH
Individual
Free & Clear · 0 yrs held
Mailing address
505 S WAKARA WAY STE #210, SALT LAKE CITY, UT 84108-1219
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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