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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Apartment buildings
778 300th W Salt Lake City, UT 84103-1440
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US86-0448368
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,460 SF
Lot
0.57 ac (24,829 SF)
Zoning code
RMF-35
APN
08-25-454-003
UPID
US86-0448368
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 Park Spring Apartment Building
-
Capre marketing Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$695k
Blend (final)
Blend
$695k
Owner & transaction history
The Park Spring LLC · 9 yrs held
The Park Spring LLC
since 2017
7 recorded transactions
Zoning & alternative use
RMF-35 · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$995,000
+19.8%
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
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$830,000
Current use
INDUSTRIAL (GENERAL)
$995,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
$40 / 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
$8,603
Tax year 2023
Assessed value
$3,164,300
Assessed 2023
Previous assessed
$3,164,300
+0.0% YoY
Effective rate
0.27%
On assessed value
Assessed land
$1,449,700
Assessed improvement
$1,714,600
Land market value
$1,449,700
Improvement market value
$1,714,600
Total market value
$3,164,300
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
2
Units
3
Total area
17,460 SF
Lot
0.57 ac (24,829 SF)
Zoning code
RMF-35
APN
08-25-454-003
UPID
US86-0448368
Jurisdiction
SALT LAKE
Zoning & alternative use
RMF-35 · Salt Lake City, UT
Zoning RMF-35 · permitted uses
RMF-35 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$830,000
INDUSTRIAL (GENERAL)
Est. value
$995,000
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (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
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
2
Buildings
2
Units
3
Lot
0.57 ac
Current owner
From public records · entity-resolved
The Park Spring LLC
Entity
Mailing address
148 W 28TH ST, NEW YORK, NY 10001-6124
Ownership since
2017
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
Jan 31, 2017
—
The Park Spring LLC
Dee Lynn Apgood
Warranty Deed
$1,420,000 · Sabal Capital II LLC
Sep 25, 2008
—
Apgood Deelynn & A F Trust
Apgood,dee L & Analee
Quit Claim Deed
related
—
Nov 30, 2006
—
Dee Lynn Apgood
Dee Lynn Apgood
Intrafamily Transfer
related
$750,000 · Citibank NA
Apr 2, 2001
—
Apgood Trust
Jay D Apgood Estate
Quit Claim Deed
related
$400,000 · Washington Mutual Fsb
Nov 4, 1997
—
Dee L Apgood
Apgood,dee L & Analee
Quit Claim Deed
related
$243,920 · Home Credit Bank
Dec 13, 1996
—
Dee L Apgood
Tanner,leroy M
Grant Deed
$162,000 · Home Credit Bank
—
—
Apgood Deelynn & Analee Trust
—
Deed Of Trust
related
$750,000 · Zions First National 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.
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