Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Office buildings
572 Delong St Salt Lake City, UT 84104-3901
Entity Owned
3-yr Hold
Free & Clear
Property ID
US86-0059561
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
62,540 SF
Lot
6.7 ac (291,852 SF)
Zoning code
M-1
APN
15-04-452-009
UPID
US86-0059561
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
-
Flexential - Salt Lake City - Downtown Data Center Computer & Electronic Repair (Bike/Boat/Book/etc) Store
-
CenturyLink Telecommunications Service Data Center
-
Xylix (Bike/Boat/Book/etc) Store Corporate Office
-
iRexta Data Center IT Consulting Firm
-
Love Bundle Importer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.52M
Blend (final)
Blend
$2.11M
Owner & transaction history
Salt Lake County · 3 yrs held
Salt Lake County
since 2023
7 recorded transactions
Zoning & alternative use
M-1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.0M
+11.5%
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
$1,685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,695,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,000,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±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
$34 / 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
$129,226
Tax year 2023
Assessed value
$13,071,600
Assessed 2023
Previous assessed
$13,071,600
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,953,500
Assessed improvement
$10,118,100
Land market value
$2,953,500
Improvement market value
$10,118,100
Total market value
$13,071,600
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
5
Stories
1
Total area
62,540 SF
Lot
6.7 ac (291,852 SF)
Zoning code
M-1
APN
15-04-452-009
UPID
US86-0059561
Jurisdiction
SALT LAKE
Zoning & alternative use
M-1 · Salt Lake City, UT
Zoning M-1 · permitted uses
M-1 · 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
OFFICE BUILDING Current
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
5
Lot
6.7 ac
Current owner
From public records · entity-resolved
Salt Lake County
Entity
Free & Clear · 3 yrs held
Mailing address
2001 S STATE STS3-110, SALT LAKE CITY, UT 84190-0001
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2023
—
Salt Lake County
Level 3 Communications LLC
Quit Claim Deed
related
—
Dec 14, 2021
—
Flexential LLC
Level 3 Communications LLC
Lease
—
Jan 26, 2011
—
Viawest INC
—
Deed Of Trust
related
$89,000,000 · Barclays Bank Plc
Jun 18, 2010
—
Viawest INC
—
Deed Of Trust
related
$170,000,000 · Royal Bank Of Canada
Oct 15, 1999
—
Level 3 Communications LLC
Grundmann Trust
Grant Deed
related
—
—
—
Viawest INC
—
Loan Modification
related
$403,512,500 · Royal Bk/canada
—
—
Viawest INC
—
Deed Of Trust
related
$85,000,000 · Toronto Dominion Tx
—
—
Grundmann Trust
—
Deed Of Trust
related
$800,000 · Equitable Life & Casualty Ins
—
—
Grundmann Trust
—
Deed Of Trust
related
$115,000 · Chiaramonte Trust
—
—
Viawest INC
—
Deed Of Trust
related
$395,000,000 · Toronto Dominion Tx
—
—
Viawest INC
—
Deed Of Trust
related
$283,512,500 · Royal Bank Of Canada
—
—
Viawest INC
—
Deed Of Trust
related
$60,000 · Barclays Bank Plc
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 572 Delong St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
