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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
560 200th E, Salt Lake City, UT 84111-3637
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-1212935
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
12,259 SF
Lot
1.02 ac (44,431 SF)
Zoning code
D2
APN
16-06-376-027
UPID
US86-1212935
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
-
Maserati of Salt Lake City Car Dealership
-
Michael Schoenfeld Studio Film Production Television Studio
-
PEHP Health & Benefits Financial Advisor Insurance Agency
-
Scott Eggers Design Marketing & Advertising Advertising Agency
-
Elevated Financial Benefits Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$855k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$951k
Blend (final)
Blend
$900k
Owner & transaction history
Garff Ents INC · 9 yrs held
Garff Ents INC
since 2017
2 recorded transactions
Zoning & alternative use
D2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+46.5%
Restaurant
$965,000
+41.0%
Auto repair, garage
$865,000
+26.3%
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
$855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$685,000
Current use
RETAIL STORES
$1,005,000
Change: +47% · Conversion: Moderate
RESTAURANT
$965,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$865,000
Change: +26% · Conversion: Easy
COMMERCIAL (GENERAL)
$800,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$590,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$560,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±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
$73 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$31,119
Tax year 2024
Assessed value
$3,265,700
Assessed 2024
Previous assessed
$3,265,700
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$3,265,700
Land market value
$3,265,700
Total market value
$3,265,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
12,259 SF
Lot
1.02 ac (44,431 SF)
Zoning code
D2
APN
16-06-376-027
UPID
US86-1212935
Jurisdiction
SALT LAKE
Zoning & alternative use
D2 · Salt Lake City, UT
Zoning D2 · permitted uses
D2 · 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
WAREHOUSE, STORAGE Current
Est. value
$685,000
RETAIL STORES
Est. value
$1.0M
RESTAURANT
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$865,000
COMMERCIAL (GENERAL)
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$590,000
INDUSTRIAL (GENERAL)
Est. value
$560,000
WAREHOUSE, STORAGE Current
RETAIL STORES
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
Heating
NONE
Lot
1.02 ac
Current owner
From public records · entity-resolved
Garff Ents INC
Entity
Mailing address
111 E BROADWAY, SALT LAKE CITY, UT 84111-5225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2017
—
Garff Ents INC
—
Grant Deed
related
$12,000,000 · Zions First Nat'l Bk
—
—
Garff Ents INC
—
Loan Modification
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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