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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
840 700th W North Salt Lake, UT 84054-2702
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US86-0479339
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Total area
2,652 SF
Lot
1.56 ac (67,997 SF)
Zoning code
MD
APN
06-168-0015
UPID
US86-0479339
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
$330k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$560k
Blend (final)
Blend
$545k
Owner & transaction history
Hatteras Holdings LLC · 1 yrs held
Hatteras Holdings LLC
since 2024
6 recorded transactions
Zoning & alternative use
MD · North Salt Lake, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$775,000
+121.1%
Commercial (general)
$575,000
+64.0%
Medical building
$430,000
+23.3%
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 North Salt Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Salt Lake 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
$330,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$350,000
Current use
RETAIL STORES
$775,000
Change: +121% · Conversion: Moderate
COMMERCIAL (GENERAL)
$575,000
Change: +64% · Conversion: Easy
MEDICAL BUILDING
$430,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±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
$206 / 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
$9,110
Tax year 2023
Assessed value
$501,156
Assessed 2023
Previous assessed
$501,156
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$278,472
Assessed improvement
$222,684
Land market value
$506,313
Improvement market value
$404,881
Total market value
$911,194
Applied tax rate
244.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
4
Stories
1
Total area
2,652 SF
Lot
1.56 ac (67,997 SF)
Zoning code
MD
APN
06-168-0015
UPID
US86-0479339
Jurisdiction
DAVIS
Zoning & alternative use
MD · North Salt Lake, UT
Zoning MD · permitted uses
MD · North Salt Lake, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Salt Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$350,000
RETAIL STORES
Est. value
$775,000
COMMERCIAL (GENERAL)
Est. value
$575,000
MEDICAL BUILDING
Est. value
$430,000
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2010
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
4
Lot
1.56 ac
Current owner
From public records · entity-resolved
Hatteras Holdings LLC
Entity
Mailing address
400 N 700TH W, NORTH SALT LAKE, UT 84054-2708
Ownership since
2024
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
Dec 13, 2024
—
Hatteras Holdings LLC
Green Collective INC
Warranty Deed
—
Jun 5, 2019
—
Legacy Re Holdings LLC
—
Deed
related
$960,000 · Goldenwest FCU
Feb 15, 2019
—
Legacy Re Holdings LLC
Cop Properties LLC
Warranty Deed
—
Sep 13, 1999
—
Cop Properties LLC
Hughes & Hughes Investment
Grant Deed
related
—
—
—
Cop Properties LLC
—
Deed Of Trust
related
—
—
—
Cop Properties LLC
—
Deed Of Trust
related
$288,000 · First Interstate 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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