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Property profile & analytics
OFF-MARKET
Estimated value
$17,340,000
Apartment buildings
556 300th S Salt Lake City, UT 84102-4069
Entity Owned
7-yr Hold
Property ID
US86-0283451
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2012
Total area
100,996 SF
Lot
0.79 ac (34,412 SF)
Zoning code
R-MU
APN
16-06-283-009
UPID
US86-0283451
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
-
The Mercer Downtown Apartment Complex Apartment Building
-
Drayven Apartment Building
-
Maverick Cleaners Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.34M
Owner & transaction history
Mercer Slc LLC · 7 yrs held
Mercer Slc LLC
since 2019
7 recorded transactions
Zoning & alternative use
R-MU · 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%
$20,855,000
6.5%
$19,250,000
7%
$17,875,000
Blend value · Realmo final
$17.34M
Range $15.61M – $19.07M · ±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
$172 / 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
$138,889
Tax year 2023
Assessed value
$25,543,800
Assessed 2023
Previous assessed
$25,543,800
+0.0% YoY
Effective rate
0.54%
On assessed value
Assessed land
$3,572,600
Assessed improvement
$21,971,200
Land market value
$3,572,600
Improvement market value
$21,971,200
Total market value
$25,543,800
Applied tax rate
13.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2012
Heating
NONE
Cooling
YES
Buildings
2
Stories
4
Units
80
Total area
100,996 SF
Lot
0.79 ac (34,412 SF)
Zoning code
R-MU
APN
16-06-283-009
UPID
US86-0283451
Jurisdiction
SALT LAKE
Zoning & alternative use
R-MU · Salt Lake City, UT
Zoning R-MU · permitted uses
R-MU · 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.
Building & site characteristics
From public records
Year built
2012
Heating
NONE
Cooling
Yes
Stories
4
Buildings
2
Units
80
Lot
0.79 ac
Current owner
From public records · entity-resolved
Mercer Slc LLC
Entity
Mailing address
333 WASHINGTON BLVD, MARINA DEL REY, CA 90292-5152
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2019
—
Mercer Slc LLC
Broadway Tpg LLC
Grant Deed
$9,490,000 · Citibank NA Seri 2014-k39 (ce)
Sep 25, 2013
—
Broadway Tpg LLC
Broadway Place Investors LLC
Quit Claim Deed
related
—
Jan 10, 2011
—
Broadway Place Investors LLC
Salt Lake Apartment Bldrs LLC
Grant Deed
—
Oct 30, 2006
—
Salt Lake Apartment Bldrs LLC
—
Trustees Deed
related
$1,790,011 · Bank Of American Fork
—
—
Broadway Tpg LLC
—
Deed Of Trust
related
$9,490,000 · Lender Private Party
—
—
Broadway Tpg LLC
—
Deed Of Trust
related
$9,000,000 · W & D Interim Lender II LLC
—
—
Salt Lake Apartment Bldrs LLC
—
Deed Of Trust
related
$1,790,011 · Bank Of American Fork
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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