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Property profile & analytics
OFF-MARKET
Commercial real estate
89 State Rd 198 Salem, UT 84653-5716
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US86-1485980
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1931
Total area
1,554 SF
Lot
0.3 ac (13,199 SF)
APN
45-347-0013
UPID
US86-1485980
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
Salem Central LLC · 5 yrs held
Salem Central LLC
since 2021
7 recorded transactions
Zoning & alternative use
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 Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem 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
$1,688
Tax year 2023
Assessed value
$171,500
Assessed 2023
Previous assessed
$171,500
+0.0% YoY
Effective rate
0.98%
On assessed value
Land market value
$137,400
Improvement market value
$34,100
Total market value
$171,500
Applied tax rate
180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1931
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
2
Total area
1,554 SF
Lot
0.3 ac (13,199 SF)
APN
45-347-0013
UPID
US86-1485980
Jurisdiction
UTAH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1931
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
2
Lot
0.3 ac
Current owner
From public records · entity-resolved
Salem Central LLC
Entity
Mailing address
573 WILD FLOWER CIR, SALEM, UT 84653-5642
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
—
Salem Central LLC
Chad R Peterson
Warranty Deed
$2,282,677 · Altabank
Sep 10, 2019
—
Chad R Peterson
—
Deed
related
—
Aug 27, 2019
—
Chad R Peterson
—
Grant Deed
related
$1,620,310 · Central Bk
Oct 22, 2010
—
Chad R Peterson
Peterson,warren A
Quit Claim Deed
related
$81,383 · Bank Of American Fork
Feb 11, 2010
—
Warren A Peterson
First Frankl Trust 2007-ff1
Grant Deed
—
Nov 12, 2009
$106,400
First Franklin Trust 2007-ff1
Etitle Insurance Agency
Trustees Deed
related
—
Jun 14, 2007
—
M Andrew Atwood
Atwood,m Andrew
Quit Claim Deed
related
—
Nov 22, 2006
—
H Andrew Atwood
Smothers,derrick
Warranty Deed
$127,500 · First Franklin
Sep 13, 2006
—
Derrick Smothers
Cottam Construction INC
Warranty Deed
—
Sep 13, 2006
$535,000
Construction Cottam
Pack,stan
Trustees Deed
related
—
Jun 16, 2005
—
James A Alvey
Wiscombe,stephen C
Warranty Deed
$225,146 · Bank Of American Fork
Oct 15, 2004
—
James A Alvey
Alvey,justin L
Quit Claim Deed
related
—
—
—
Chad R Peterson
—
Deed Of Trust
related
—
—
—
Warren A Peterson
—
Deed Of Trust
related
$60,967 · 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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