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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Retail properties & Spaces
6191 State St Salt Lake City, UT 84107-7258
Entity Owned
9-yr Hold
Free & Clear
Property ID
US86-0213689
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
139,248 SF
Lot
1.88 ac (81,893 SF)
Zoning code
CDC
APN
22-19-104-010
UPID
US86-0213689
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
-
Downeast Clothing Store Women'S Clothing Store
-
böhme Clothing & Fashion Store
-
Kay Jewelers (Bike/Boat/Book/etc) Store
-
Journeys Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Buckle Clothing Store Women'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.76M
Owner & transaction history
Fashion Place Anchor II LLC · 9 yrs held
Fashion Place Anchor II LLC
since 2016
7 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
$27 / 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
$91,105
Tax year 2023
Assessed value
$10,644,300
Assessed 2023
Previous assessed
$10,644,300
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,390,100
Assessed improvement
$9,254,200
Land market value
$1,390,100
Improvement market value
$9,254,200
Total market value
$10,644,300
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
YES
Stories
2
Total area
139,248 SF
Lot
1.88 ac (81,893 SF)
Zoning code
CDC
APN
22-19-104-010
UPID
US86-0213689
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
ELECTRIC
Cooling
Yes
Stories
2
Lot
1.88 ac
Current owner
From public records · entity-resolved
Fashion Place Anchor II LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 21045, SEATTLE, WA 98111-3045
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 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
—
Deed
related
$290,000,000 · Wells Fargo Bank NA
Sep 30, 2016
—
Fashion Place Anchor II LLC
Fashion Place LLC
Quit Claim Deed
related
—
Sep 16, 2013
—
Fashion Place Anchor II LLC
Marquette 80 Associates
Grant Deed
related
—
Aug 14, 2008
—
Nordstrom INC
Fashion Place LLC
Grant Deed
—
Aug 13, 2008
—
Fashion Place LLC
—
Deed Of Trust
related
$152,000,000 · First Boston Mtg Secs Corp #20
Oct 4, 2005
—
Fashion Place LLC
Rouse-fashion Place LLC
Quit Claim Deed
related
$152,000,000 · Column Financial INC
—
—
Fashion Place LLC
—
Deed Of Trust
related
$202,000,000 · Ubs R/e Secs
—
—
Fashion Place LLC
—
Deed Of Trust
related
$202,000,000 · Ubs R/e Secs
—
—
Es-o-en Corp
—
Deed Of Trust
related
$875,000 · Franchise Mortgage Acceptance
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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