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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Banks
735 State St Salt Lake City, UT 84111-3821
Individually Owned
21-yr Hold
Free & Clear
Property ID
US86-1470999
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
26,027 SF
Lot
1.84 ac (80,150 SF)
Zoning code
D2
APN
16-07-104-007
UPID
US86-1470999
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
-
USAA Atm
-
Mountain America Credit Union - Salt Lake: State Street Branch Credit Union
-
7 eleven Gas Station
-
Brian Urie, MS, CFP®, CPFA® - Mountain America Investment Financial Advisor
-
Austin Green, CFP® - Mountain America Investment Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.72M
Owner & transaction history
America FCU Mountain · 21 yrs held
America FCU Mountain
since 2004
1 recorded transaction
Zoning & alternative use
D2 · 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
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,315,000
Current use
RETAIL STORES
$2,135,000
Change: -8% · Conversion: Difficult
RESTAURANT
$2,055,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±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
$66 / 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
$76,946
Tax year 2023
Assessed value
$7,783,300
Assessed 2023
Previous assessed
$7,783,300
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$3,987,500
Assessed improvement
$3,795,800
Land market value
$3,987,500
Improvement market value
$3,795,800
Total market value
$7,783,300
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
EVAPORATIVE
Buildings
2
Stories
1
Units
1
Total area
26,027 SF
Lot
1.84 ac (80,150 SF)
Zoning code
D2
APN
16-07-104-007
UPID
US86-1470999
Jurisdiction
SALT LAKE
Zoning & alternative use
D2 · Salt Lake City, UT
Zoning D2 · permitted uses
D2 · 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
FINANCIAL BUILDING Current
Est. value
$2.3M
RETAIL STORES
Est. value
$2.1M
RESTAURANT
Est. value
$2.1M
FINANCIAL BUILDING Current
RETAIL STORES
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
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
America FCU Mountain
Individual
Free & Clear · 21 yrs held
Mailing address
PO BOX 2331, SANDY, UT 84091-2331
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2004
—
America FCU Mountain
Sears Roebuck
Grant Deed
related
—
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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