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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Retail space
678 700th E, Salt Lake City, UT 84102-3447
Entity Owned
6-yr Hold
Free & Clear
Property ID
US86-0592211
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,127 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CN
APN
16-08-101-008
UPID
US86-0592211
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
-
The Garden Store Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$670k
Owner & transaction history
Dang Investments LLC · 6 yrs held
Dang Investments LLC
since 2020
6 recorded transactions
Zoning & alternative use
CN · 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$950,000
Current use
RESTAURANT
$940,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$82 / 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
$19,255
Tax year 2023
Assessed value
$1,947,700
Assessed 2023
Previous assessed
$1,947,700
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$420,500
Assessed improvement
$1,527,200
Land market value
$420,500
Improvement market value
$1,527,200
Total market value
$1,947,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
8,127 SF
Lot
0.17 ac (7,405 SF)
Zoning code
CN
APN
16-08-101-008
UPID
US86-0592211
Jurisdiction
SALT LAKE
Zoning & alternative use
CN · Salt Lake City, UT
Zoning CN · permitted uses
CN · 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
RETAIL STORES Current
Est. value
$950,000
RESTAURANT
Est. value
$940,000
RETAIL STORES Current
RESTAURANT
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
1906
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Dang Investments LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1405 E PENROSE DR, SALT LAKE CITY, UT 84103-4465
Ownership since
2020
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
Jun 9, 2025
—
Dang Investments LLC
—
Deed
related
$1,967,000 · Altabank
Mar 31, 2020
—
Dang Investments LLC
Robert W Trus Mcfarland
Grant Deed
—
Dec 18, 2012
—
Mcfarland Robert W Trust
Stanger & Mcfarland Ptshp
Quit Claim Deed
related
—
Aug 26, 2003
—
Stanger Partnershi
Macfarland,tr
Quit Claim Deed
related
$358,000 · First National Bank Layton
Aug 7, 1995
—
Stanger Ptshp
Banaghan Corp
Grant Deed
$250,000 · Bank Of Utah
—
—
Stanger Ptshp
—
Deed Of Trust
related
$240,000 · First National Bank Layton
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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