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Property profile & analytics
FOR LEASE
Investment properties
675 S 500 W Salt Lake City, UT 84101
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US86-0208744
For Lease
1 / 3
$2,965,000
675 S 500 W, Salt Lake City, UT 84101
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
76,599 SF
Lot
1.16 ac (50,530 SF)
Zoning code
TSA-UN
APN
16-05-307-011
UPID
US86-0208744
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
-
Xerox Corporation (Bike/Boat/Book/etc) Store Printing Service
-
Courtney L. Fleisher, PHD Physician Medical Clinic
-
Metcalf Karen Employment Agency
-
Johnson Marilyn Employment Agency
-
Melini Julie Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
Salt Lake City Properties Kp6 LLC · 3 yrs held
Salt Lake City Properties Kp6 LLC
since 2023
5 recorded transactions
Zoning & alternative use
TSA-UN · 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
$39 / 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
$122,577
Tax year 2023
Assessed value
$12,399,000
Assessed 2023
Previous assessed
$12,399,000
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$2,242,800
Assessed improvement
$10,156,200
Land market value
$2,242,800
Improvement market value
$10,156,200
Total market value
$12,399,000
Applied tax rate
13.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
4
Stories
5
Units
2
Total area
76,599 SF
Lot
1.16 ac (50,530 SF)
Zoning code
TSA-UN
APN
16-05-307-011
UPID
US86-0208744
Jurisdiction
SALT LAKE
Zoning & alternative use
TSA-UN · Salt Lake City, UT
Zoning TSA-UN · permitted uses
TSA-UN · 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
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
5
Buildings
4
Units
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Salt Lake City Properties Kp6 LLC
Entity
Mailing address
3100 PINEBROOK RD STE 1250C, PARK CITY, UT 84098-5537
Ownership since
2023
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
Jun 6, 2023
—
Salt Lake City Properties Kp6 LLC
Salt Lake City Properties Kp6 LLC
Intrafamily Transfer
related
—
Oct 14, 2021
—
Salt Lake City Properties Kp6 LLC
Boyer Madsen Seventh East Lc
Special Warranty Deed
—
Oct 11, 2021
—
The Boyer Company LLC
Boyer Madsen Seventh East LLC
Special Warranty Deed
—
—
—
Boyer-madsen Seventh East Lc
—
Deed Of Trust
related
$3,100,000 · Miscellaneous Ins Co
—
—
Boyer Madsen Seventh East Lc
—
Deed Of Trust
related
$4,000,000 · Allianz Life Insurance Co N Am
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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