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    Property profile & analytics

    645 State St Salt Lake City, UT 84111-3819

    • Bars
    • 5,004 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $505,000
    Location Intelligence
    Property ID
    US86-0360312
    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.

    Current Use by Public Records

    • The Bayou / Restaurant / Cajun Restaurant
    • SLC Flooring / Flooring Contractor / Floor Refinishing Service

    Property Details for 645 State St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    5,004 SF
    Zone code
    D-2
    Property type
    Bars
    Property subtype
    Pubs
    APN
    16-06-356-006
    APU
    1606356006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $485,000

    • CAP approach

      CAP return
      Estimation
      6%
      $580,000
      6.5%
      $660,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $560,000
      Geo Method
      $665,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $690,000
      Retail
      $660,000
      Mixed-Use
      $700,000
      Hospitality
      $575,000
      Educational
      $600,000
      Residential Income
      $695,000
      Energy
      $530,000
      Income-Based Land
      $660,000
      Food Service
      $700,000

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.888
    Latitude
    40.7551
    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
    $9,482
    $947,100
    $12,200
    $959,300
    -
    $947,100
    $12,200
    $959,300

    Comparable in this City

    • Value Estimation by Request
      193,500 SF

      251 Floral St

      BAR, TAVERN • 193,500 SF
      251 Floral St, Salt Lake City, UT 84111-2308
      View Details
    • Value Estimation
      $395,000
      2,765 SF

      837 Main St

      BAR, TAVERN • 2,765 SF
      837 Main St, Salt Lake City, UT 84111-4106
      View Details
    • Value Estimation
      $420,000
      4,367 SF

      1030 State St

      BAR, TAVERN • 4,367 SF
      1030 State St, Salt Lake City, UT 84111-4513
      View Details
    • Value Estimation
      $395,000
      6,466 SF

      919 State St

      BAR, TAVERN • 6,466 SF
      919 State St, Salt Lake City, UT 84111-4218
      View Details
    • Value Estimation
      $355,000
      6,178 SF

      323 Main St

      BAR, TAVERN • 6,178 SF
      323 Main St, Salt Lake City, UT 84111-2702
      View Details
    • Value Estimation by Request
      75,692 SF

      175 Main St

      Theaters & concert halls • 75,692 SF
      175 Main St, Salt Lake City, UT 84111
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,703 SF

      Retail Space on State Street

      Retail space with high visibility, close to downtown.
      1085 South State St, Salt Lake City, UT 84111
      View Details
    • $2,562,000
      22,304 SF

      Multi-Story Commercial Building For Sale

      Multi-story commercial building with potential owner/user opportunity in Salt Lake City.
      475 E 200 S, Salt Lake City, UT 84111
      View Details
    • Contact for pricing
      26,432 SF

      Downtown Office/Retail Building For Sale

      Office/Retail building in a prime downtown location with parking.
      250 East Pl South, Salt Lake City, UT 84111
      View Details
    • Contact for pricing
      258,823 SF

      Class A Office Tower Downtown

      Renovated 13-story office tower in Salt Lake City.
      257 E 200 S, Salt Lake City, UT 84111
      View Details
    • $2,300,000
      3,492 SF

      Downtown Salt Lake City Dealership

      Highly visible commercial auto dealership in downtown Salt Lake City.
      1101 S Main St, Salt Lake City, UT 84111
      View Details
    • $3,500,000
      15,000 SF

      Historic Main Street Retail Space

      Iconic Salt Lake City building with approximately 15,000 square feet.
      151 S Main St, Salt Lake City, UT 84111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,515 SF

      Freestanding Retail Building For Lease

      Freestanding retail building in downtown Salt Lake City available for lease.
      158 South State St, Salt Lake City, UT 84111
      View Details
    • $33 SF/Yr
      75,672 SF

      Downtown Retail Space For Lease

      Prime downtown location with high foot traffic and flexible floorplans.
      160 S Regent St, Salt Lake City, UT 84111
      View Details
    • $25 SF/Yr
      7,727 SF

      Regent Street Retail Spaces

      Prime Salt Lake City retail spaces available.
      0 Regent St, Salt Lake City, UT 84111
      View Details
    • $6 SF/Yr
      3,224 SF

      Midtown Salt Lake City Office Suites

      9 Executive Office Spaces Available, 119-2000 sqft
      779 200, Salt Lake City, UT 84111
      View Details
    • Contact for pricing
      3,521 SF

      Downtown Drive-Thru Restaurant Opportunity

      Rare drive-thru opportunity in downtown Salt Lake City.
      143 E Social Hall Ave, Salt Lake City, UT 84111
      View Details
    • Contact for pricing
      10,500 SF

      Downtown Salt Lake Restaurant Space

      Restaurant space in downtown Salt Lake City near amenities.
      159 South Main St, Salt Lake City, UT 84111
      View Details
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    645 State St
    Salt Lake City, UT 84111-3819
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
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