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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Banks
6255 State St Salt Lake City, UT 84107-7206
Entity Owned
~
Est. High Equity
Property ID
US86-0541385
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,370 SF
Lot
1.62 ac (70,567 SF)
Zoning code
C-D-C
APN
22-19-104-004
UPID
US86-0541385
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
-
Chase Mortgage Loan Service Bank
-
ATM (Chase Bank) Atm
-
Chase ATM Atm
-
Chase Bank Bank Loan Service
-
Kurt Runburg - Chase Home Lending Advisor - NMLS ID 1620323 Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$752k
Blend (final)
Blend
$690k
Owner & transaction history
Fashion Place LLC
Fashion Place LLC
since 2025
6 recorded transactions
Zoning & alternative use
C-D-C · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+62.8%
Commercial (general)
$725,000
+10.7%
Restaurant
$705,000
+7.4%
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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$655,000
Current use
MEDICAL BUILDING
$1,065,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$725,000
Change: +11% · Conversion: Difficult
RESTAURANT
$705,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$690,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$590,000
Change: -10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$545,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$690k
Range $621k – $759k · ±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
$94 / 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
$27,398
Tax year 2023
Assessed value
$3,201,100
Assessed 2023
Previous assessed
$3,201,100
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$1,681,400
Assessed improvement
$1,519,700
Land market value
$1,681,400
Improvement market value
$1,519,700
Total market value
$3,201,100
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
7,370 SF
Lot
1.62 ac (70,567 SF)
Zoning code
C-D-C
APN
22-19-104-004
UPID
US86-0541385
Jurisdiction
SALT LAKE
Zoning & alternative use
C-D-C · Salt Lake City, UT
Zoning C-D-C · permitted uses
C-D-C · 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
FINANCIAL BUILDING Current
Est. value
$655,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$725,000
RESTAURANT
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$590,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$545,000
FINANCIAL BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.62 ac
Current owner
From public records · entity-resolved
Fashion Place LLC
Entity
Mailing address
PO BOX 35605TH DALLAS
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
6 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
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
Aug 13, 2008
—
Fashion Place LLC
—
Deed Of Trust
related
$152,000,000 · First Boston Mtg Secs Corp #20
—
—
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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