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Property profile & analytics
OFF-MARKET
Estimated value
$3,165,000
Automotive properties
5686 State St Salt Lake City, UT 84107-6158
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0587668
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2013
Total area
50,179 SF
Lot
4.42 ac (192,535 SF)
Zoning code
CDC
APN
22-18-152-021
UPID
US86-0587668
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
-
Lexus Murray Parts Department Auto Parts Store
-
Lexus Murray Service Department Auto Repair Shop
-
Larry H. Miller Lexus Murray Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.17M
Owner & transaction history
Garff Properties Murray LLC · 1 yrs held
Garff Properties Murray LLC
since 2025
7 recorded transactions
Zoning & alternative use
CDC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.9M
+23.0%
Restaurant
$4.8M
+19.4%
Warehouse, storage
$4.7M
+17.3%
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
AUTO REPAIR, GARAGE
$4,015,000
Current use
COMMERCIAL (GENERAL)
$4,935,000
Change: +23% · Conversion: Moderate
RESTAURANT
$4,790,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,705,000
Change: +17% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,725,000
Change: -7% · Conversion: Difficult
RETAIL STORES
$3,530,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.17M
Range $2.85M – $3.48M · ±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
$63 / 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
$107,620
Tax year 2023
Assessed value
$12,573,900
Assessed 2023
Previous assessed
$12,573,900
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$3,088,700
Assessed improvement
$9,485,200
Land market value
$3,088,700
Improvement market value
$9,485,200
Total market value
$12,573,900
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2013
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
50,179 SF
Lot
4.42 ac (192,535 SF)
Zoning code
CDC
APN
22-18-152-021
UPID
US86-0587668
Jurisdiction
SALT LAKE
Zoning & alternative use
CDC · Salt Lake City, UTZoning 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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$4.9M
RESTAURANT
Est. value
$4.8M
WAREHOUSE, STORAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2013
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
4.42 ac
Current owner
From public records · entity-resolved
Garff Properties Murray LLC
Entity
Mailing address
2905 PREMIERE PKWY, DULUTH, GA 30097-5247
Ownership since
2025
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
Jul 28, 2025
—
Garff Properties Murray LLC
Lhm Lex LLC
Special Warranty Deed
$15,980,000 · Toyota Financial Savings Bank
Dec 28, 2021
—
Lhm Lex LLC
Miller Family Real Estate LLC
Special Warranty Deed
$1,000,000 · Bank Of America NA
Jun 28, 2021
—
Miller Family Real Estate LLC
—
Deed
related
$100,000,000 · Comerica Bank
Jun 21, 2017
—
Miller Family Real Estate
—
Deed
related
$23,600,000 · Us Bank NA
Mar 1, 2011
—
Miller Family R & E LLC
Miller Family R/e LLC
Quit Claim Deed
related
—
Mar 24, 1998
—
Miller Family Real Estate LLC
Miller,lawrence H & Karen G
Quit Claim Deed
related
—
—
—
Miller Fam R & E LLC
—
Deed Of Trust
related
$10,350,000 · Toyota Motor Credit
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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