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Property profile & analytics
OFF-MARKET
Turn key restaurants
6123 State St Salt Lake City, UT 84107-7375
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0640877
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2020
Construction
WOOD FRAME
Total area
3,580 SF
Lot
1.64 ac (71,438 SF)
Zoning code
CDC
APN
22-19-104-012
UPID
US86-0640877
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
-
Shake Shack Fashion Place Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fashion Place LLC · 1 yrs held
Fashion Place LLC
since 2025
5 recorded transactions
Zoning & alternative use
CDC · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$24,248
Tax year 2023
Assessed value
$2,833,000
Assessed 2023
Previous assessed
$2,833,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,626,200
Assessed improvement
$1,206,800
Land market value
$1,626,200
Improvement market value
$1,206,800
Total market value
$2,833,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2020
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
3,580 SF
Lot
1.64 ac (71,438 SF)
Zoning code
CDC
APN
22-19-104-012
UPID
US86-0640877
Jurisdiction
SALT LAKE
Zoning & alternative use
CDC · Salt Lake City, UT
Zoning 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
Salt Lake City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2020
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.64 ac
Current owner
From public records · entity-resolved
Fashion Place LLC
Entity
Mailing address
PO BOX 101042, CHICAGO, IL 60610-8900
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2025
—
Fashion Place LLC
—
Deed
related
$300,000,000 · Societe Generale Financial Corp
May 27, 2025
—
Fashion Place LLC
Janet Sue Wendlandt
Special Warranty Deed
$290,000,000 · Wells Fargo Bank NA
Nov 9, 2012
—
Fashion Place LLC
—
Deed Of Trust
related
$202,000,000 · Ubs Real Estate Secs INC
Nov 6, 2012
—
Fashion Place LLC
—
Deed Of Trust
related
$202,000,000 · Ubs Real Estate Securities INC
—
—
Fashion Place LLC
—
Deed Of Trust
related
$142,896,089 · Wells Fargo Bk N #2005-c6 (ce)
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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