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Property profile & analytics
FOR LEASE
Apartment buildings
945 S 300 W Salt Lake City, UT 84101
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US86-0579788
For Lease
1 / 2
$1,275,000
945 S 300 W, Salt Lake City, UT 84101
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Property summary
AI-generated overview
This exceptional executive/creative office space in downtown Salt Lake City's Maven West offers a 100-square-foot suite perfect for a single professional or small business. Located at 945 S 300 W, Salt Lake City, UT 84101, this property is part of a vibrant community, Maven District, boasting over 100 women-owned businesses. The building features a state-of-the-art gym, chic coworking space, a conference room, an elegant lobby, and a community patio. Additional amenities include exclusive membership discounts at a Pilates studio and coworking/event space. The location provides easy access to Salt Lake City's best dining, shopping, and cultural attractions. This is a unique opportunity to establish a presence in a thriving, supportive entrepreneurial environment. The space is ideal for those seeking a sophisticated and productive workspace within a dynamic community. Rent starts at $700+. Multiple tenancies are available. This property is situated in Salt Lake County, Utah.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2020
Construction
STEEL FRAME
Total area
39,700 SF
Lot
0.41 ac (17,860 SF)
Zoning code
D-2
APN
15-12-257-026
UPID
US86-0579788
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
-
Satellite Salon Hair Salon
-
Preston Counseling Services Mental Health Clinic Psychotherapist
-
MediQore Solutions Business Management Consultant
-
The Dough Miner Restaurant
-
Superfine SLC Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.28M
Owner & transaction history
945 South LLC · 6 yrs held
945 South LLC
since 2019
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
Method
Estimation
Statistic approach
by Request
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,185,000
Current use
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±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
$32 / 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
$70,590
Tax year 2023
Assessed value
$9,867,980
Assessed 2023
Previous assessed
$9,867,980
+0.0% YoY
Effective rate
0.72%
On assessed value
Assessed land
$1,355,590
Assessed improvement
$8,512,390
Land market value
$1,355,590
Improvement market value
$8,512,390
Total market value
$9,867,980
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Lease
Year built
2020
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Units
30
Total area
39,700 SF
Lot
0.41 ac (17,860 SF)
Zoning code
D-2
APN
15-12-257-026
UPID
US86-0579788
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS) Current
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
2020
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
30
Lot
0.41 ac
Current owner
From public records · entity-resolved
945 South LLC
Entity
Mailing address
PO BOX 522057, SALT LAKE CITY, UT 84152-2057
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
945 South LLC
—
Deed
related
$2,000,000 · Capital Community Bank
Mar 1, 2023
—
945 South LLC
—
Deed
related
$2,000,000 · Elizabeth R Bills Living Trust
Jun 10, 2022
—
945 South LLC
—
Deed
related
$6,600,000 · Bank Of The West
Dec 2, 2019
—
945 South LLC
—
Deed
related
$1,920,000 · Neola Associates LLC
Aug 15, 2019
—
945 South LLC
Raven Financial INC
Warranty Deed
$6,580,238 · University First FCU
Aug 2, 2018
—
Raven Financial INC
It Will All Work Out LLC
Warranty Deed
$716,754 · Rock Canyon Bank
Dec 30, 2015
—
It Will All Work Out LLC
Jamison,will
Warranty Deed
$450,000 · Will Jamison
—
—
945 South LLC
—
Deed Of Trust
related
$1,920,000 · Neola Associates LLC
—
—
Will Jamison
—
Deed Of Trust
related
$102,000 · Bank One Utah
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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