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Property profile & analytics
OFF-MARKET
Estimated value
$2,355,000
Retail properties & Spaces
5550 900th E Salt Lake City, UT 84117-7206
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US86-0359097
Property summary
AI-generated overview
This exceptional opportunity presents 40,000 square feet of land available for lease in Millcreek, Utah, at 5550 S 900 E, zip code 84117. The site is ideal for a build-to-suit kiosk, approximately 1,000 square feet, perfect for a bank, credit union, or similar business. The property boasts a prime location, anchored by a newly opened EOS Fitness and an Autozone, ensuring high visibility and foot traffic. The land lease rate is $25,000 per year. This is a single-tenant property, offering exclusive use of the developed space. The existing structure is not a kiosk
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
53,609 SF
Lot
5.14 ac (223,898 SF)
Zoning code
CDC
APN
22-17-126-013
UPID
US86-0359097
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
-
EōS Fitness Gym & Fitness Center
-
Randall & Sons Roofers Roofing Company General Contractor
-
Gym Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.36M
Owner & transaction history
One Putt Ventures LLC · 7 yrs held
One Putt Ventures LLC
since 2019
5 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
$1,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,185,000
Current use
WAREHOUSE, STORAGE
$3,000,000
Change: -6% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,575,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$2.36M
Range $2.12M – $2.59M · ±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
$70,692
Tax year 2023
Assessed value
$8,259,400
Assessed 2023
Previous assessed
$8,259,400
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$3,526,400
Assessed improvement
$4,733,000
Land market value
$3,526,400
Improvement market value
$4,733,000
Total market value
$8,259,400
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
53,609 SF
Lot
5.14 ac (223,898 SF)
Zoning code
CDC
APN
22-17-126-013
UPID
US86-0359097
Jurisdiction
SALT LAKE
Zoning & alternative use
CDC · Salt Lake City, UT
Zoning 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
Salt Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
RETAIL STORES Current
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
5.14 ac
Current owner
From public records · entity-resolved
One Putt Ventures LLC
Entity
Mailing address
90 E FT UN BLVD, MIDVALE, UT 84047-1565
Ownership since
2019
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
Jul 20, 2021
—
Sdc 7200 LLC
—
Deed
related
$5,500,000 · Symetra Life Insurance Co
Mar 15, 2019
—
One Putt Ventures LLC
One Putt Ventures LLC
Quit Claim Deed
$5,287,500 · Utah First FCU
Jun 8, 2017
—
One Putt Ventures LLC
—
Deed
related
$456,428 · Cyprus FCU
Feb 12, 2007
—
One Putt Ventures LLC
One Putt Ventures LLC
Quit Claim Deed
related
—
Jun 14, 2006
—
Machan 1988 Property Trust
Machan 1988 Property Trust
Quit Claim Deed
related
—
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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