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Property profile & analytics
OFF-MARKET
Bars & Pubs
932 Main St Salt Lake City, UT 84101-2923
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US86-0389864
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,000 SF
Lot
0.13 ac (5,663 SF)
Zoning code
D-2
APN
15-12-280-061
UPID
US86-0389864
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
-
Duffy's Tavern Bar & Pub
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
Falkner Property Management · 5 yrs held
Falkner Property Management
since 2020
7 recorded transactions
Zoning & alternative use
D-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
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
$3,587
Tax year 2023
Assessed value
$362,800
Assessed 2023
Previous assessed
$362,800
+0.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$295,200
Assessed improvement
$67,600
Land market value
$295,200
Improvement market value
$67,600
Total market value
$362,800
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
Off-Market
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
EVAPORATIVE
Stories
1
Total area
2,000 SF
Lot
0.13 ac (5,663 SF)
Zoning code
D-2
APN
15-12-280-061
UPID
US86-0389864
Jurisdiction
SALT LAKE
Zoning & alternative use
D-2 · Salt Lake City, UT
Zoning D-2 · permitted uses
D-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.
Building & site characteristics
From public records
Year built
1932
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Falkner Property Management
Entity
Mailing address
4732 S WOODDUCK LN, SALT LAKE CITY, UT 84117-4935
Ownership since
2020
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
May 22, 2024
—
Falkner Property Management LLC
—
Deed
related
$310,000 · First Utah Bank
Oct 1, 2020
—
Falkner Property Management
Grace L Falkner
Quit Claim Deed
related
—
Sep 30, 2020
—
Grace L Falkner
General Phipps Ents LLC
Grant Deed
—
Feb 13, 2014
—
General Phipps Ents LLC
Phipps,mark
Quit Claim Deed
$250,000 · Frontier Petroleum LLC
Feb 12, 2014
—
General Phipps Ents LLC
Nelson Hans C & Judy J Trust
Quit Claim Deed
related
—
Oct 31, 2011
—
Pumpkin Investments LLC
Moffitt,christopher
Quit Claim Deed
related
—
Sep 23, 2011
—
Christopher Moffit
Nelson H C & J Living Trust
Quit Claim Deed
related
—
Oct 24, 2008
—
Hans C Nelson
Nelson Hans C & J J Trust
Quit Claim Deed
related
—
Oct 10, 2008
—
Hans C Nelson
Nelson Fam Spendthrift Trust
Quit Claim Deed
related
—
Feb 21, 2007
—
Nelson Hans C & Judith J Trust
Nelson Hans C & J J T
Quit Claim Deed
related
—
—
—
Mark Phipps
—
Deed Of Trust
related
$257,626 · Pumpkin Investments 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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