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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Motels
5683 Redwood Rd Salt Lake City, UT 84123-5322
Trust Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US86-0545236
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Construction
WOOD FRAME
Total area
18,790 SF
Lot
3.29 ac (143,312 SF)
Zoning code
R-M
APN
21-15-251-024
UPID
US86-0545236
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
-
HomeTowne Studios Salt Lake City - Mid Valley Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$1.17M
Owner & transaction history
Wilmington Trust National Associati · 4 yrs held
Wilmington Trust National Associati
since 2022
6 recorded transactions
Zoning & alternative use
R-M · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.5M
+222.2%
Industrial (general)
$1.2M
+145.2%
Warehouse, storage
$1.1M
+137.3%
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
$1,205,000
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,135,000
7%
$1,050,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,510,000
Change: +222% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,150,000
Change: +145% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,115,000
Change: +137% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±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
$62 / 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
$56,375
Tax year 2023
Assessed value
$4,987,600
Assessed 2023
Previous assessed
$4,987,600
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$3,833,600
Assessed improvement
$1,154,000
Land market value
$3,833,600
Improvement market value
$1,154,000
Total market value
$4,987,600
Applied tax rate
61.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1996
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
6
Stories
1
Units
138
Total area
18,790 SF
Lot
3.29 ac (143,312 SF)
Zoning code
R-M
APN
21-15-251-024
UPID
US86-0545236
Jurisdiction
SALT LAKE
Zoning & alternative use
R-M · Salt Lake City, UT
Zoning R-M · permitted uses
R-M · 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
AUTO REPAIR, GARAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1996
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
6
Units
138
Lot
3.29 ac
Current owner
From public records · entity-resolved
Wilmington Trust National Associati
Trust
Free & Clear · 4 yrs held
Mailing address
1825 GILLESPIE WAY, EL CAJON, CA 92020-0501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Wilmington Trust National Associati
Starwood Property Mortgage Bc LLC
Assignment Of Lease (leasehold Sale)
—
Dec 15, 2015
—
Dw Cl Vii LLC
Esa P Portfolio LLC
Trustees Deed
$192,400,000 · Spt Ca Fundings 2
Dec 19, 2012
—
Esa P Portfolio LLC
—
Deed Of Trust
related
—
Nov 10, 2005
—
Bre Of Hv Properties LLC
—
Deed Of Trust
related
—
Dec 5, 2001
—
Bre/hv Properties LLC
Bre/homestead Village LLC
Quit Claim Deed
related
$400,000,000 · Bear Stearns Funding INC
—
—
Dw Cl Vii LLC
—
Loan Modification
related
$210,640,173 · Other Institutional Lenders
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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