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Property profile & analytics
FOR LEASE
Bars & Pubs
837 S Main St, Salt Lake City, UT 84111
Entity Owned
~
Est. High Equity
Property ID
US86-0571812
For Lease
1 / 4
Contact for pricing
837 S Main St, Salt Lake City, UT 84111
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Property summary
AI-generated overview
This exceptional Class A, 3,071 square foot bar and restaurant located at 837 S Main St, Salt Lake City, UT 84111, is available for $1,550,000. The property, built in 1945, sits on a 0.16-acre lot and boasts a single-story building with permitted C zoning. The sale includes all furniture, fixtures, and equipment, making this a truly turn-key opportunity. Ideally situated less than half a block from the new IHC Hospital and minutes from downtown Salt Lake City, this establishment benefits from high foot traffic and a strong potential customer base. The property's net rentable area is 3,071 square feet, with a price per square foot of $504.72. The APN is 16071510090000. This is an owner/user investment opportunity in a thriving urban environment. Don't miss this chance to acquire a well-established business with significant growth potential.
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,765 SF
Lot
0.16 ac (6,970 SF)
Zoning code
D2
APN
16-07-151-009
UPID
US86-0571812
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
Pines Building LLC
Pines Building LLC
since 2026
6 recorded transactions
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
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
$4,206
Tax year 2023
Assessed value
$425,400
Assessed 2023
Previous assessed
$425,400
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$336,600
Assessed improvement
$88,800
Land market value
$336,600
Improvement market value
$88,800
Total market value
$425,400
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
Bars & Pubs
Use group
BAR, TAVERN
Status
For Lease
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
3
Stories
1
Units
1
Total area
2,765 SF
Lot
0.16 ac (6,970 SF)
Zoning code
D2
APN
16-07-151-009
UPID
US86-0571812
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.
Building & site characteristics
From public records
Year built
1945
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Pines Building LLC
Entity
Mailing address
479 E 300TH S, SALT LAKE CITY, UT 84111-2606
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2026
—
Pines Building LLC
—
Deed
related
$393,900 · Mountain West Financial INC
Feb 6, 2026
—
Pines Building LLC
W & K Limited Liability Company
Warranty Deed
$1,126,250 · W & K Limited Liability Company
Mar 4, 2020
—
W & K LLC
J Mussman LLC
Warranty Deed
$1,734,800 · Bank Of Ut
Nov 3, 2016
—
J Mussman LLC
—
Trustees Deed
related
$705,000 · Jp Morgan Chase Bk
Dec 22, 2015
—
J Mussman LLC
Mickelson Investment Partnership
Warranty Deed
$311,500 · Jpmorgan Chase Bank NA
—
—
Investment Ptshp Mickelson
—
Deed Of Trust
related
$26,083 · David F Keller
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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