Individually Owned Property summary
AI-generated overview
This exceptional 2,100 square foot office condo in South Salt Lake, Utah, is part of the well-maintained Sunrise Office Condos complex. Located at 68 E 2700 S, 84115, this traditional office space offers excellent visibility from State Street and convenient access to major freeways and public transportation, including the TRAX light rail system. The unit features two stories, providing ample space for various configurations. The layout includes large private offices, open work areas, and dedicated conference rooms, all complemented by private restrooms within the unit. This is a multi-tenant building with a total of 12,600 square feet, with 2,100 square feet currently available. The property boasts free on-site parking, a significant advantage for employees and clients. The Sunrise Office Condos are known for their well-kept condition and offer a professional environment. This is an ideal space for businesses seeking a prominent location with easy access to amenities and transportation. The property is situated in Salt Lake County and benefits from its strategic location within the vibrant South Salt Lake community. This turnkey office space is ready for immediate occupancy.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2007
Construction
WOOD FRAME
Total area
2,100 SF
Lot
0.01 ac (436 SF)
Zoning code
CN
APN
16-19-362-004
UPID
US86-1338089
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Interior Design Home Decor Store
-
Charitable Organization Social Service Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
since 2024
7 recorded transactions
Zoning & alternative use
CN · South Salt Lake, UT
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$270k
Value range
$243k – $297k
±10% around blend
Estimated value / SF
$129 / SF
Confidence
Property data
100
Comparable evidence
60
$243k
blend $270k
$297k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,100 SF
Lot area
0.01 ac
Year built
2007
Stories
2
APN
16-19-362-004
Zoning
CN
Assessed value
$358,600
Annual tax
$4,122
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$270k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$359k
Move the market yield to see immediate price impact.
Value / SF
$171
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$23k
$452k
$323k
$251k
$25k
$502k
$359k
$279k
$28k
$552k
$394k
$307k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,122
Tax year 2023
Assessed value
$358,600
Assessed 2024
Previous assessed
$358,600
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$107,600
Assessed improvement
$251,000
Land market value
$107,600
Improvement market value
$251,000
Total market value
$358,600
Applied tax rate
14.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Total area
2,100 SF
Lot
0.01 ac (436 SF)
Zoning code
CN
APN
16-19-362-004
UPID
US86-1338089
Jurisdiction
SALT LAKE
Zoning & alternative use
CN · South Salt Lake, UTZoning CN · permitted uses
CN · South Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2007
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CN
Jurisdiction
South Salt Lake, UT
Recorded code
CN
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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