Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    951 900th S Salt Lake City, UT 84105-1474
    Back to Search
    Property profile & analytics

    951 900th S, Salt Lake City, UT 84105-1474

    View on Map
    • Retail residential properties
    • 3,339 SF
    • 0.14 lot acres
    Off-Market
    Last Sale May 29, 2025
    Property ID
    US86-0345293
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr Tony Chir / Alternative Medicine Practice
    • Protein Foundry / Restaurant
    • Tonic Method - 9th & 9th / Gym & Fitness Center
    • Doctor Tony Chiro Clinic / Alternative Medicine Practice

    Property Details for 951 900th S

    Year built
    1896
    Construction
    WOOD FRAME
    Lot size
    0.14 lot acres
    Zone code
    CB
    Property type
    Retail residential properties
    APN
    16-08-180-039
    APU
    1608180039

    Description

    This exceptional Class A, multi-tenant retail property in Salt Lake City's desirable 9th & 9th district presents a compelling investment opportunity. The 7,180 square foot building, constructed in 2023, boasts 100% occupancy across seven units, generating a strong net operating income (NOI) of $311,345 and a 5.00% cap rate. Priced at $6,226,900 ($867.26/sq ft), this two-story building sits on a 0.14-acre lot and includes three parking spaces. The property is zoned C and benefits from a prime location with convenient access to I-15/80 freeways, public transportation, and numerous amenities, including City Creek Center, Gallivan Plaza, and Temple Square. The surrounding area features strong demographics, with a growing population and high average household income within a 5-mile radius. This rare, small-sized multi-tenant building offers a unique chance to acquire a stable, high-performing asset in a thriving market. The property's location near the TRAX light rail on 400 South provides excellent accessibility. Nearby amenities include Trolley Square, Smith's Marketplace, Whole Foods, Harmons, and Trader Joe's, further enhancing its appeal. The address is 951 E 900 South, Salt Lake City, UT 84105. APN: 16-08-180-039-0000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.864
    Latitude
    40.7501
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,672
    $376,000
    $483,200
    $859,200
    -
    $376,000
    $483,200
    $859,200

    Comparable in this City

    • Value Estimation by Request
      5,431 SF

      1408 1100th E

      STORE/OFFICE (MIXED USE)
      1408 1100th E, Salt Lake City, UT 84105-2458
      View Details
    • Value Estimation by Request
      3,344 SF

      1570 1100th E

      STORE/OFFICE (MIXED USE)
      1570 1100th E, Salt Lake City, UT 84105-2441
      View Details
    • Value Estimation by Request
      4,697 SF

      2035 1300th E

      STORE/OFFICE (MIXED USE)
      2035 1300th E, Salt Lake City, UT 84105-3613
      View Details
    • Value Estimation by Request
      5,002 SF

      501 1700th S

      STORE/OFFICE (MIXED USE)
      501 1700th S, Salt Lake City, UT 84105-2915
      View Details
    • Value Estimation by Request
      2,640 SF

      915 900th E

      STORES & APARTMENTS
      915 900th E, Salt Lake City, UT 84105-1366
      View Details
    • Value Estimation by Request
      3,258 SF

      959 900th S

      STORE/OFFICE (MIXED USE)
      959 900th S, Salt Lake City, UT 84105-1430
      View Details

    Similar Nearby for Sale

    • $1,199,000
      2,327 SF

      Remodeled Mixed-Use Salt Lake Property

      Remodeled three-unit property with commercial and residential potential.
      1354 S 1100 E, Salt Lake City, UT 84105
      View Details
    • New
      $600,000
      1,618 SF

      Updated Duplex Investment Opportunity

      A recently updated duplex with strong parking and yard space, offering flexible owner-occupant or investor income potential.
      1914 S 1300 E, Salt Lake City, UT 84105
      View Details
    • $734,999
      2,597 SF

      Remodeled Duplex in Sugar House

      Updated duplex in a prime Sugar House location.
      1145 Kensington Ave, Salt Lake City, UT 84105
      View Details
    • $849,900
      1,983 SF

      Sugar House Duplex: Income Potential

      Turn-key duplex in desirable Sugar House neighborhood with income potential.
      1847 S 1100 E, Salt Lake City, UT 84105
      View Details
    • $829,000
      1,597 SF

      Updated Duplex in Sugar House

      Updated duplex with rental income potential in a prime location.
      817 E Ramona Ave, Salt Lake City, UT 84105
      View Details
    • $1,274,000
      4,309 SF

      Victorian Triplex with Rental Potential

      Unique Salt Lake City Victorian triplex, ideal for short-term rentals.
      936 E 1700 S, Salt Lake City, UT 84105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,146 SF

      Sugar House Retail Space Available

      Retail space for rent in the heart of Sugar House.
      967 E 2100 S, Salt Lake City, UT 84105
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      1512 S 1100 E, Salt Lake City, UT 84105
      View Details
    • Contact for pricing

      Sugarhouse Office Space For Rent

      Updated office space in Sugarhouse, suitable for professional users.
      1486 South Brg East, Salt Lake City, UT 84105
      View Details
    • Contact for pricing
      1,784 SF

      Retail Space in Sugarhouse

      Charming retail building with frontage and parking in Sugarhouse.
      1790 S 1100 E, Salt Lake City, UT 84105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    951 900th S
    Salt Lake City, UT 84105-1474
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    951 900th S, Salt Lake City, UT, 84105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!