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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Turn key restaurants
894 3900th S Salt Lake City, UT 84107-2447
Entity Owned
~
Est. High Equity
Property ID
US86-0289953
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1961
Construction
WOOD FRAME
Total area
10,130 SF
Lot
0.91 ac (39,640 SF)
Zoning code
C-2
APN
16-32-376-007
UPID
US86-0289953
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
Current use
Occupant on record · Public records
-
Millcreek Commissary Take-out & Catering
-
The Corner Grocery Grocery & Convenience Store Food Market
-
Matchstick Masala Restaurant
-
Munchkart - Fresh. Fast. Indian. Restaurant
-
9-UP Night Market Food Truck Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$590k
Owner & transaction history
First Utah Bank
First Utah Bank
since 2026
7 recorded transactions
Zoning & alternative use
C-2 · 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
Method
Estimation
Statistic approach
by Request
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$965,000
Current use
WAREHOUSE, STORAGE
$950,000
Change: -2% · Conversion: Difficult
AUTO REPAIR, GARAGE
$810,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$58 / 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
$17,724
Tax year 2023
Assessed value
$1,479,200
Assessed 2023
Previous assessed
$1,479,200
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$877,100
Assessed improvement
$602,100
Land market value
$877,100
Improvement market value
$602,100
Total market value
$1,479,200
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
1961
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
10,130 SF
Lot
0.91 ac (39,640 SF)
Zoning code
C-2
APN
16-32-376-007
UPID
US86-0289953
Jurisdiction
SALT LAKE
Zoning & alternative use
C-2 · Salt Lake City, UT
Zoning C-2 · permitted uses
C-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$965,000
WAREHOUSE, STORAGE
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$810,000
RESTAURANT Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
1961
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.91 ac
Current owner
From public records · entity-resolved
First Utah Bank
Entity
Mailing address
PO BOX 9677, SALT LAKE CITY, UT 84109-9677
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2026
—
First Utah Bank
Brown Michael
Deed
—
Jul 20, 2022
—
Plaza 106 LLC
—
Deed
related
$2,725,000 · First Utah Bank
Oct 7, 2019
—
Plaza 106 LLC
—
Deed
related
$2,000,000 · First Utah Bank
Mar 27, 2017
—
Plaza 106 LLC
—
Deed
related
—
Sep 25, 2012
—
Plaza 106 LLC
Celtic Bk Corp
Grant Deed
related
—
May 31, 2012
$925,000
Celtic Bk Corp
Howell Reese S
Trustees Deed
related
—
Jul 16, 2007
—
Cegl INC
Z Best Restaurants INC
Warranty Deed
$1,783,000 · Silver State Bank
Jun 27, 2006
—
Z Best Restaurants INC
Minos Land Dev INC
Grant Deed
$1,413,019 · Minos Land Dev INC
Apr 5, 2006
—
Minos Land Dev INC
Lyhnakis,ioannis & Chrysoula
Warranty Deed
$700,000 · Zions First National Bank
Sep 9, 2003
—
Utah Novasource
Hodson,tr
Grant Deed
related
$622,870 · Hodson Trust
Jun 24, 1997
—
J D Fox
Stuckenschneider,mark & Victor H
Grant Deed
$65,700 · Foxco LLC
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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