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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Hotels
61 Tommy Thompson Rd Salt Lake City, UT 84116-2819
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US86-1369636
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
WOOD FRAME
Total area
26,632 SF
Lot
2.01 ac (87,556 SF)
Zoning code
M1
APN
08-31-353-011
UPID
US86-1369636
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
-
Microtel Inn & Suites by Wyndham Salt Lake City Airport Hotel & Motel
-
ATM Atm
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$709k
Blend (final)
Blend
$1.16M
Owner & transaction history
Veena Satish Hospitality LLC · 2 yrs held
Veena Satish Hospitality LLC
since 2024
7 recorded transactions
Zoning & alternative use
M1 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.3M
+102.8%
Warehouse, storage
$1.2M
+84.1%
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
$1,145,000
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,280,000
Change: +103% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,160,000
Change: +84% · Conversion: Difficult
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$43 / 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
$41,319
Tax year 2023
Assessed value
$4,179,500
Assessed 2023
Previous assessed
$4,179,500
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,006,900
Assessed improvement
$3,172,600
Land market value
$1,006,900
Improvement market value
$3,172,600
Total market value
$4,179,500
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
104
Total area
26,632 SF
Lot
2.01 ac (87,556 SF)
Zoning code
M1
APN
08-31-353-011
UPID
US86-1369636
Jurisdiction
SALT LAKE
Zoning & alternative use
M1 · Salt Lake City, UT
Zoning M1 · permitted uses
M1 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
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
1999
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
104
Lot
2.01 ac
Current owner
From public records · entity-resolved
Veena Satish Hospitality LLC
Entity
Mailing address
61 N TOMMY THOMPSON RD, SALT LAKE CITY, UT 84116-2819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
—
Veena Satish Hospitality LLC
Veena Satish Hospitality LLC
Intrafamily Transfer
related
$6,700,000 · First Utah Bank
Nov 17, 2016
—
Welcome Hotels Group LLC
—
Deed
related
$5,167,000 · Bank Of Ut
Jun 17, 2013
—
Welcome Hotels Group LLC
Pearl Valley Investment Lc
Warranty Deed
$3,380,000 · American Bank Of Commerce
Oct 16, 2008
—
Pearl Valley Investment Lc
Danny Chi Nim
Warranty Deed
$3,440,000 · America West Bank
Sep 29, 2003
—
Danny C Nim
Imperial Capital Bank
Grant Deed
$1,387,500 · Imperial Capital Bank
Aug 6, 2002
$3,800,000
Imperial Capital Bank
International Airport Lodging
Trustees Deed
related
—
—
—
Pearl Valley Investment Lc
—
Deed Of Trust
related
$2,128,921 · America West Bank
—
—
Welcome Hotels Group LLC
—
Deed Of Trust
related
$5,167,000 · Bank Of Ut
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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