Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    807 S 500 E Salt Lake City, UT 84102

    • Apartment buildings
    • 3,755 SF
    • 0.16 lot acres
    For Sale
    View listing
    $1,150,000
    Last Sale
    Sep 07, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0166866
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 807 S 500 E

    Year built
    1915
    Lot size
    0.16 lot acres
    Property size
    3,755 SF
    Zone code
    RMF-30
    Property type
    Apartment buildings
    APN
    16-07-276-002
    APU
    1607276002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $775,000
      6.5%
      $715,000
      7%
      $665,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.876
    Latitude
    40.7516
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,510
    $491,990
    $182,790
    $674,780
    -
    $491,990
    $182,790
    $674,780

    Comparable in this City

    • Value Estimation
      $2,760,000
      14,641 SF

      1121 500th S

      APARTMENT HOUSE (5+ UNITS) • 14,641 SF
      1121 500th S, Salt Lake City, UT 84102-3830
      View Details
    • Value Estimation
      $43,415,000
      256,854 SF

      350 600th E

      APARTMENT HOUSE (5+ UNITS) • 256,854 SF
      350 600th E, Salt Lake City, UT 84102-4088
      View Details
    • Value Estimation
      $1,375,000
      11,056 SF

      1012 Barbara Pl

      APARTMENT HOUSE (5+ UNITS) • 11,056 SF
      1012 Barbara Pl, Salt Lake City, UT 84102-3138
      View Details
    • Value Estimation
      $760,000
      3,808 SF

      1259 200th S

      APARTMENT HOUSE (5+ UNITS) • 3,808 SF
      1259 200th S, Salt Lake City, UT 84102-2624
      View Details
    • Value Estimation
      $3,700,000
      20,272 SF

      826 Hanover Pl

      APARTMENT HOUSE (5+ UNITS) • 20,272 SF
      826 Hanover Pl, Salt Lake City, UT 84102
      View Details
    • Value Estimation
      $7,300,000
      41,148 SF

      426 500th E

      APARTMENT HOUSE (5+ UNITS) • 41,148 SF
      426 500th E, Salt Lake City, UT 84102-4336
      View Details

    Similar Nearby for Sale

    • $2,750,000
      7,607 SF

      Renovated Tudor-Style 8-Plex

      Historic 8-plex with modern updates in prime location.
      1127 Temple E, Salt Lake City, UT 84102
      View Details
    • $475,000

      Renovated Condo with Mountain Views

      Fully renovated 2BD/2BA condo with city and mountain views.
      777 South Temple N, Salt Lake City, UT 84102
      View Details
    • $8,500,000
      26,364 SF

      Salt Lake City Multifamily Investment

      Fully leased student housing near the University of Utah.
      125 S 1300 E, Salt Lake City, UT 84102
      View Details
    • $325,000
      724 SF

      Updated Condo with City Views

      Updated 2-bedroom condo near U of U and TRAX.
      130 S 1300 E, Salt Lake City, UT 84102
      View Details
    • $2,400,000
      8,176 SF

      Historic Downtown Apartment Building

      Historic 14-unit apartment building in downtown Salt Lake City.
      653 E 300 S, Salt Lake City, UT 84102
      View Details
    • $2,300,000
      9,563 SF

      Spacious 8-Plex Near University

      Large 8-unit property near the University of Utah.
      1162 E 400 S, Salt Lake City, UT 84102
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,427 SF

      Furnished Office Space Near Trax

      Furnished office space with parking and Trax access.
      231 W 800 S, Salt Lake City, UT 84102
      View Details
    • $22 SF/Yr
      17,290 SF

      Salt Lake City Retail Sublease

      17,290 SF Retail Space Available
      645 400, Salt Lake City, UT 84102
      View Details
    • $22 SF/Yr
      1,958 SF

      Creative Office Space with Parking

      Unique office space with exposed brick, parking, and amenities.
      515 S 700 E, Salt Lake City, UT 84102
      View Details
    • $9 SF/Yr
      2,087 SF

      Retail Space Available For Lease

      Retail property with 2087 square feet available for lease.
      544-640 S 700 E, Salt Lake City, UT 84102
      View Details
    • Contact for pricing
      28,910 SF

      Granary District Manufacturing & Warehouse

      Adaptive reuse building in the Granary District available for lease.
      863 S 500 W, Salt Lake City, UT 84102
      View Details
    • Contact for pricing
      2,400 SF

      Salt Lake City Warehouse Space

      15,000 sq ft warehouse space for lease.
      546-562 W 600 S, Salt Lake City, UT 84102
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    807 S 500 E
    Salt Lake City, UT 84102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.