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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Investment properties
774 2100th S, Salt Lake City, UT 84106-1863
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0251350
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1920
Construction
WOOD FRAME
Total area
8,160 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CB
APN
16-20-107-029
UPID
US86-0251350
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
-
JRP Global Events & Incentives Event Planning Wedding Service
-
Collaborative Medication Management Crisis Center Medical Clinic
-
Bridging Resilience Counseling Services Counselor
-
Blossomtree Marketing Group Advertising Agency Marketing & Advertising
-
Guided Holistic Health Wellness Program
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.18M
Owner & transaction history
Work Hive LLC · 3 yrs held
Work Hive LLC
since 2022
7 recorded transactions
Zoning & alternative use
CB · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+21.4%
Restaurant
$1.0M
+17.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$885,000
Current use
MEDICAL BUILDING
$1,075,000
Change: +21% · Conversion: Easy
RESTAURANT
$1,045,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$750,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$144 / 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
$24,744
Tax year 2023
Assessed value
$2,606,680
Assessed 2023
Previous assessed
$2,606,680
+0.0% YoY
Effective rate
0.95%
On assessed value
Assessed land
$550,090
Assessed improvement
$2,056,590
Land market value
$550,090
Improvement market value
$2,056,590
Total market value
$2,606,680
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
Off-Market
Year built
1920
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Units
1
Total area
8,160 SF
Lot
0.32 ac (13,939 SF)
Zoning code
CB
APN
16-20-107-029
UPID
US86-0251350
Jurisdiction
SALT LAKE
Zoning & alternative use
CB · Salt Lake City, UT
Zoning CB · permitted uses
CB · 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
COMMERCIAL (GENERAL) Current
Est. value
$885,000
MEDICAL BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
RETAIL STORES
Est. value
$750,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
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
1920
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Work Hive LLC
Entity
Mailing address
159 W BROADWAY STE #200, SALT LAKE CITY, UT 84101-1923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2022
—
Work Hive LLC
Top Drawer Holdings LLC
Lease
$1,183,082 · Zb NA
Mar 22, 2022
—
Top Drawer Holdings LLC
774 Associates LLC
Special Warranty Deed
$10,000 · Zb NA
Jul 29, 2010
—
Vandrimmelen & Associates INC
Bodell Appraisers INC
Warranty Deed
$525,000 · Wells Fargo Bank NA
Mar 12, 2010
—
774 Associates LLC
Bodell Van Drimmelen & Assoc INC
Warranty Deed
$177,650 · Wells Fargo Bank NA
Mar 9, 2010
—
Corporation Of Presiding Bishop/c
Bodell-van Drimmelen & Assoc I
Quit Claim Deed
related
—
Jan 8, 2010
—
Corporation Of Presiding Bishop/c
Bodell-van Drimmelen & Assoc I
Warranty Deed
—
—
—
Drimmelen Bodell-van
—
Deed Of Trust
related
$265,627 · Wells Fargo Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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