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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Turn key restaurants
716 State St Salt Lake City, UT 84111
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US86-1113346
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1928
Total area
5,578 SF
Lot
0.49 ac (21,344 SF)
Zoning code
D-2
APN
16-07-103-021
UPID
US86-1113346
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$571k
Blend (final)
Blend
$535k
Owner & transaction history
Mai LLC · 5 yrs held
Mai LLC
since 2021
7 recorded transactions
Zoning & alternative use
D-2 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$735,000
+67.3%
Retail stores
$455,000
+3.9%
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
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$440,000
Current use
MEDICAL BUILDING
$735,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$455,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$395,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$365,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$96 / 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
$22,321
Tax year 2023
Assessed value
$2,257,800
Assessed 2023
Previous assessed
$2,257,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$1,407,500
Assessed improvement
$850,300
Land market value
$1,407,500
Improvement market value
$850,300
Total market value
$2,257,800
Applied tax rate
1.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1928
Heating
FORCED AIR
Buildings
3
Stories
1
Units
1
Total area
5,578 SF
Lot
0.49 ac (21,344 SF)
Zoning code
D-2
APN
16-07-103-021
UPID
US86-1113346
Jurisdiction
SALT LAKE
Zoning & alternative use
D-2 · Salt Lake City, UT
Zoning D-2 · permitted uses
D-2 · 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
RESTAURANT Current
Est. value
$440,000
MEDICAL BUILDING
Est. value
$735,000
RETAIL STORES
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$395,000
COMMERCIAL (GENERAL)
Est. value
$365,000
RESTAURANT Current
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1928
Heating
FORCED AIR
Stories
1
Buildings
3
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Mai LLC
Entity
Mailing address
722 S STATE ST, SALT LAKE CITY, UT 84111-3822
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Mai LLC
—
Deed
related
$5,382,000 · Hillcrest Bank
Jul 16, 2021
—
Mai LLC
Mai LLC
Intrafamily Transfer
related
—
Jan 31, 2020
—
Mai LLC
—
Deed
related
$304,000 · Mountain America Cu
May 2, 2019
—
Mai LLC
Mai LLC
Correction Deed
related
$1,648,000 · Mountain America Cu
Oct 4, 2016
—
Mai LLC
Mai LLC
Quit Claim Deed
related
—
Aug 20, 2013
—
Sapa LLC
Mai LLC
Warranty Deed
related
—
Jun 26, 2008
—
Nguyen,mai
Nguyen,mai T
Quit Claim Deed
related
—
May 30, 2007
—
Nguyen,mai T
Nguyen,mai
Quit Claim Deed
related
$600,000 · Wells Fargo Bk Nw NA
May 29, 2007
—
Nguyen,mai
Great China Market
Warranty Deed
related
—
—
—
Mai LLC
—
Deed Of Trust
related
$1,648,000 · Mountain America Cu
—
—
Mai LLC
—
Deed Of Trust
related
$1,384,596 · Cyprus Cu
—
—
Mai LLC
—
Deed Of Trust
related
$81,924 · Cyprus Cu
—
—
Mai LLC
—
Loan Modification
related
$304,000 · Mountain America Cu
—
—
Mai LLC
—
Deed Of Trust
related
$2,000,000 · Cyprus Cu
—
—
Mai LLC
—
Deed Of Trust
related
$1,648,000 · Cyprus Cu
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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