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Property profile & analytics
OFF-MARKET
Turn key restaurants
7962 State St, Midvale, UT 84047-3228
Entity Owned
Free & Clear
Property ID
US86-0208800
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1942
Construction
WOOD FRAME
Total area
1,358 SF
Lot
0.04 ac (1,742 SF)
Zoning code
SS
APN
21-36-233-025
UPID
US86-0208800
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Castle Property Ventures LLC
Castle Property Ventures LLC
since 2026
7 recorded transactions
Zoning & alternative use
SS · Midvale, 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 Midvale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Midvale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$862
Tax year 2023
Assessed value
$80,300
Assessed 2023
Previous assessed
$80,300
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$72,500
Assessed improvement
$7,800
Land market value
$72,500
Improvement market value
$7,800
Total market value
$80,300
Applied tax rate
30.0000
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
1942
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
1,358 SF
Lot
0.04 ac (1,742 SF)
Zoning code
SS
APN
21-36-233-025
UPID
US86-0208800
Jurisdiction
SALT LAKE
Zoning & alternative use
SS · Midvale, UT
Zoning SS · permitted uses
SS · Midvale, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Midvale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1942
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Castle Property Ventures LLC
Entity
Free & Clear · 0 yrs held
Mailing address
10967 S SOPHIE LN, SANDY, UT 84070-5291
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2026
—
Castle Property Ventures LLC
Freeman Investment Group LLC
Special Warranty Deed
—
May 28, 2024
—
Castle Property Ventures LLC
Freeman Investments Group LLC
Intrafamily Transfer
related
$6,800,000 · Freeman Investment Group LLC
Apr 26, 2018
—
Freeman Investment Group LLC
Freeman Melvin R
Quitclaim Deed
related
—
Jan 10, 2014
—
Freeman Investment Group LLC
Freeman Construction LLC
Quit Claim Deed
—
Jun 12, 2012
—
Freeman Construction LLC
Freeman Eric A Family Trust
Quit Claim Deed
—
Apr 11, 2012
—
Freeman Construction LLC
Freeman Investment Group LLC
Quit Claim Deed
—
Apr 15, 2010
—
Timber Investments Lc
Timber Investments
Quit Claim Deed
related
—
Apr 7, 2010
—
Freeman Investment Group Lc
Timber Investments Lc
Quit Claim Deed
related
—
Feb 4, 2009
—
Old Triangle Investment Co
Timber Investments
Quit Claim 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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