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Property profile & analytics
OFF-MARKET Estimated value $765,000
Turn key restaurants

905 900th S Salt Lake City, UT 84105-1401

4,950 SF 0.21 ac lot Built 2019
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US86-0244226
Property summary
AI-generated overview

This exceptional 1,750 square foot retail space, formerly occupied by Spilled Milk, presents a unique opportunity in the vibrant 9th & 9th neighborhood. The property is a single-story, 4,950 square foot building situated on a 0.21-acre lot. This second-generation ice cream shop boasts a prime location surrounded by a mix of strong national and local businesses, ensuring high visibility and foot traffic. The space includes on-site parking and dedicated takeout stalls, catering to the convenience of customers. The lease terms are attractive, with a net rent of $45 per square foot, plus $15 per square foot in NNN fees. The property's existing infrastructure is well-suited for a quick-service restaurant or similar concept, minimizing upfront build-out costs. Its location within the trendy 9th & 9th district offers unparalleled access to a dense population of potential customers. This is an ideal opportunity for a business seeking a move-in ready space in a high-demand area. The property's history as a successful ice cream parlor provides a strong foundation for a variety of food-related businesses. Don't miss this chance to establish your business in this thriving location. The 0.21-acre lot provides ample space for outdoor seating or other potential uses, subject to local regulations. The building is ready for immediate occupancy.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2019
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,950 SF
Lot 0.21 ac (9,148 SF)
Zoning code CB
APN 16-08-179-015
UPID US86-0244226
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
  • Vessel Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$959k
Blend (final) Blend
$765k
Owner & transaction history
Dorado Holdings LLC · 6 yrs held
Dorado Holdings LLC
since 2020
5 recorded transactions
2020
Price N/A
2018
Price N/A
2000
Price N/A
1999
Price N/A
1994
Price N/A
Zoning & alternative use
CB · Salt Lake City, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $655,000 +5.2%
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