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    616 S 200 W Salt Lake City, UT 84101
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    Property profile & analytics

    616 S 200 W, Salt Lake City, UT 84101

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    • Hotels
    • 41,816 SF
    • 0.61 lot acres
    For Sale
    $20,000,000
    View Listing →
    Downtown Salt Lake City Hotel For Sale
    $20,000,000

    Downtown Salt Lake City Hotel

    117-room hotel in downtown Salt Lake City, Utah.

    616 S 200 W, Salt Lake City, UT 84101
    View Listing
    Property ID
    US86-0220805
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quality Inn Downtown / Hotel & Motel
    • UTA Salt Lake City Business Unit / Freight Service / Logistics Company

    Property Details for 616 S 200 W

    Year built
    1983
    Construction
    CONCRETE
    Lot size
    0.61 lot acres
    Zone code
    D-2
    Property type
    Hotels
    Property subtype
    Motels
    APN
    15-01-456-010
    APU
    1501456010

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 1, 2015 — Salt Lake Lodging LLC Crrc Properties LLC Venders Lien $2.2M · Crrc Properties LLC
    Jul 15, 2011 — Crrc Properties LLC Mountain View Lodging LLC Warranty Deed $2.2M · Zions First National Bank
    Jun 13, 2005 — Mountain View Lodging LLC Tad Properties LLC Grant Deed —
    May 24, 2005 — Mountain View Lodging LLC Tad Properties LLC Grant Deed $2.6M · Zions First National Bank
    Mar 14, 2003 — Tad Properties LLC Moa Hospital INC Quit Claim Deed · related —
    — — Mountain View Lodging LLC — Deed Of Trust · related $1M · Zions First National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,450,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,255,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.897
    Latitude
    40.7559
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $39,724
    $2,364,900
    $4,687,900
    $7,052,800
    -
    $2,364,900
    $4,687,900
    $7,052,800

    Comparable in this City

    • Value Estimation
      $1,490,000
      209,229 SF

      122 Ws Temple

      HOTEL/MOTEL
      122 Ws Temple, Salt Lake City, UT 84101-1471
      View Details
    • Value Estimation
      $1,680,000
      115,827 SF

      106 300th W

      HOTEL/MOTEL
      106 300th W, Salt Lake City, UT 84101-1206
      View Details
    • Value Estimation
      $1,765,000
      269,356 SF

      423 Broadway

      HOTEL/MOTEL
      423 Broadway, Salt Lake City, UT 84101-1239
      View Details
    • Value Estimation
      $2,185,000
      156,553 SF

      202 Main St

      HOTEL/MOTEL
      202 Main St, Salt Lake City, UT 84101-2001
      View Details
    • Value Estimation
      $3,765,000
      587,395 SF

      255 Temple

      HOTEL/MOTEL
      255 Temple, Salt Lake City, UT 84101-1910
      View Details
    • Value Estimation
      $1,120,000
      63,751 SF

      130 400th S

      HOTEL/MOTEL
      130 400th S, Salt Lake City, UT 84101-1947
      View Details

    Similar Nearby for Sale

    • $20,000,000

      Downtown Salt Lake City Hotel

      117-room hotel in downtown Salt Lake City, Utah.
      616 S 200 W, Salt Lake City, UT 84101
      View Details
    • Contact for pricing

      Downtown Development Opportunity

      2.33-acre development site in downtown Salt Lake City.
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      View Details
    • Contact for pricing

      Granary District Development Opportunity

      Development opportunity in the Granary District near freeway access.
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      Turnkey Office Space Downtown

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    • $2,900,000

      Salt Lake City Retail Investment

      10,000 SF commercial building in Salt Lake City.
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      5,517 SF

      Penthouse Office in Historic Building

      Penthouse office space with wrap-around balconies and abundant natural light.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Renovated Retail Space in Granary

      6,000 SF retail space in renovated building with hotel.
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      View Details
    • $38 SF/Yr

      Restaurant Space on Main Street

      Turn-key restaurant space with furniture, fixtures, and equipment included.
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      View Details
    • Contact for pricing
      4,295 SF

      Downtown Retail Space For Lease

      Retail space in downtown Salt Lake City, 4295 square feet.
      336 W 300 S, Salt Lake City, UT 84101
      View Details
    • Contact for pricing

      Central 9th Mixed-Use Corner

      Walkable mixed-use district near TRAX station, restaurants, and services.
      160 W 900 S, Salt Lake City, UT 84101
      View Details
    • Contact for pricing
      3,831 SF

      Office Space in Salt Lake

      Office space available for lease in Salt Lake City.
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      View Details
    • Contact for pricing

      Historic Freestanding Building in Downtown

      Three-story historic building for office, retail, or flex space.
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      View Details
    View Listing
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    Salt Lake City, UT 84101
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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