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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Strip malls
970 3300th S, Salt Lake City, UT 84106-2183
Entity Owned
5-yr Hold
Free & Clear
Property ID
US86-0512396
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,500 SF
Lot
0.87 ac (37,897 SF)
Zoning code
C2
APN
16-29-378-022
UPID
US86-0512396
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
-
Augustine Insurance Insurance Agency
-
Savage Fish Poke Bar & Pub
-
Alexa Mie Hair Hair Salon
-
Express Shipping International Llc Courier Service Postal Service
-
Paqueteria E.S.I Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$510k
Blend (final)
Blend
$510k
Owner & transaction history
Gcii Investments Lc · 5 yrs held
Gcii Investments Lc
since 2020
7 recorded transactions
Zoning & alternative use
C2 · 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
$510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Current use
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$33 / 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
$12,078
Tax year 2023
Assessed value
$1,026,700
Assessed 2023
Previous assessed
$1,026,700
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$848,800
Assessed improvement
$177,900
Land market value
$848,800
Improvement market value
$177,900
Total market value
$1,026,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
15,500 SF
Lot
0.87 ac (37,897 SF)
Zoning code
C2
APN
16-29-378-022
UPID
US86-0512396
Jurisdiction
SALT LAKE
Zoning & alternative use
C2 · Salt Lake City, UT
Zoning C2 · permitted uses
C2 · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$770,000
NEIGHBORHOOD: SHOPPING CENTER 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
1972
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
Gcii Investments Lc
Entity
Free & Clear · 5 yrs held
Mailing address
2055 E 3900TH S STE #100, SALT LAKE CITY, UT 84124-1766
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2020
—
Gcii Investments Lc
970 E 3300 South LLC
Warranty Deed
—
Mar 9, 2020
—
970 E 3300 South LLC
—
Deed
related
$900,000 · Miscellaneous Ins Co
Jan 22, 2007
—
970 E 3300 South LLC
970 Partners LLC
Quit Claim Deed
$900,000 · Miscellaneous Ins Co
Sep 30, 2005
—
970 Partners LLC
La Piazza LLC
Warranty Deed
$895,000 · Bank Of Utah
Jul 10, 2001
—
Larry Colosimo
Colosimo-weber Partnership
Quit Claim Deed
related
$498,779 · Community First National Bank
Mar 24, 1999
—
Colosimo Webber Partnership
Colosimo,larry
Quit Claim Deed
related
$225,000 · Zions First National Bank
—
—
Larry Colosimo
—
Deed Of Trust
related
$95,000 · Zions First National Bank
—
—
970 E 3300 South LLC
—
Loan Modification
related
$900,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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