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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Hotels
625 300th W, Salt Lake City, UT 84101-2602
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0459520
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
WOOD FRAME
Total area
55,842 SF
Lot
1.47 ac (64,033 SF)
Zoning code
D-2
APN
15-01-455-011
UPID
US86-0459520
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
-
SpringHill Suites Salt Lake City Downtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$916k
Blend (final)
Blend
$1.32M
Owner & transaction history
Slc Downtown Hospitality LLC · 1 yrs held
Slc Downtown Hospitality LLC
since 2025
5 recorded transactions
Zoning & alternative use
D-2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±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
$24 / 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
$96,842
Tax year 2023
Assessed value
$9,795,900
Assessed 2023
Previous assessed
$9,795,900
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$4,482,300
Assessed improvement
$5,313,600
Land market value
$4,482,300
Improvement market value
$5,313,600
Total market value
$9,795,900
Applied tax rate
1.0000
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
2006
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
86
Total area
55,842 SF
Lot
1.47 ac (64,033 SF)
Zoning code
D-2
APN
15-01-455-011
UPID
US86-0459520
Jurisdiction
SALT LAKE
Zoning & alternative use
D-2 · Salt Lake City, UT
Zoning D-2 · permitted uses
D-2 · 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
2006
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
86
Lot
1.47 ac
Current owner
From public records · entity-resolved
Slc Downtown Hospitality LLC
Entity
Mailing address
625 S 300TH W, SALT LAKE CITY, UT 84101-2602
Mailing matches property
Yes
Owner-occupied
Yes
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
Apr 28, 2025
—
Slc Downtown Hospitality LLC
The Protel Group Limited Partnershi
Special Warranty Deed
$14,350,000 · Goldenwest FCU
May 30, 2023
—
The Protel Group Limited Partnershi
—
Deed
related
$4,500,000 · Stearns Bank NA
Jun 29, 2017
—
The Protel Group L P
Salt Lake City Hospital Group IV Ll
Special Warranty Deed
—
Feb 19, 2013
—
Salt Lake City Hospitality Group IV
Salt Lake City Hospitality Group Ll
Special Warranty Deed
—
Jan 6, 2006
—
Salt Lake City Hospitality Gro
Sunridge Properties INC
Grant Deed
—
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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