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Property profile & analytics
OFF-MARKET
Estimated value
$3,335,000
Investment properties
5664 Grn St Salt Lake City, UT 84123-5796
Entity Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0435632
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,584 SF
Lot
1.21 ac (52,708 SF)
Zoning code
G-O
APN
21-13-176-023
UPID
US86-0435632
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
-
Mitchell R. Jensen Law Firm
-
Siegfried & Jensen Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$3.34M
Owner & transaction history
N M Land LLC · 23 yrs held
N M Land LLC
since 2002
7 recorded transactions
Zoning & alternative use
G-O · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.6M
+1.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,510,000
Current use
RESTAURANT
$3,560,000
Change: +1% · Conversion: Difficult
MEDICAL BUILDING
$3,090,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.34M
Range $3.00M – $3.67M · ±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
$117 / 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
$33,915
Tax year 2023
Assessed value
$3,962,500
Assessed 2023
Previous assessed
$3,962,500
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$804,400
Assessed improvement
$3,158,100
Land market value
$804,400
Improvement market value
$3,158,100
Total market value
$3,962,500
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
3
Units
3
Total area
28,584 SF
Lot
1.21 ac (52,708 SF)
Zoning code
G-O
APN
21-13-176-023
UPID
US86-0435632
Jurisdiction
SALT LAKE
Zoning & alternative use
G-O · Salt Lake City, UT
Zoning G-O · permitted uses
G-O · 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
COMMERCIAL (GENERAL) Current
Est. value
$3.5M
RESTAURANT
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
3
Units
3
Lot
1.21 ac
Current owner
From public records · entity-resolved
N M Land LLC
Entity
Mailing address
5684 S GRN ST, SALT LAKE CITY, UT 84123-5796
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2020
—
N M Land LLC
—
Deed
related
$2,900,000 · Key Bank NA
Sep 7, 2016
—
N M Land
—
Deed
related
$3,200,000 · Sunwest Bank
Nov 18, 2002
—
N M Land LLC
N M Land LLC
Quit Claim Deed
related
$2,800,000 · Farm Bureau Life Ins Michigan
Aug 28, 2001
—
N M Land
—
Trustees Deed
related
$2,720,000 · First National Bank Layton
Feb 8, 1999
—
N M Land LLC
Summerhays Developments
Grant Deed
$240,000 · First Security Bank
—
—
Nm Land
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bank
—
—
Nm Land LLC
—
Deed Of Trust
related
—
—
—
Nm Land
—
Deed Of Trust
related
$1,000,000 · Wells Fargo Bank
—
—
Nm Land
—
Deed Of Trust
related
$2,296,042 · Farm Bureau Life Ins Michigan
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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