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    11020 State St Sandy, UT 84070

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    For Sale
    $6,443,000

    Two-tenant retail building in Sandy's premier retail development.

    Property size:
    8,170 SF
    Lot size:
    5.46 Acres

    Property Features for 11020 State St

    General Information

    Size
    8,170 SF
    Lot size
    5.46 Acres

    Source: CP Partners Agent John Andreini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail Building Near Costco

    This new construction, two-tenant pad building is anchored by a corporate Shake Shack. The property is located in The Schoolyard, a new retail development in Sandy. The location is adjacent to Costco and Scheels. The Crescent Hall lease features 2% annual rental increases. The surrounding area has favorable residential demographics, with 284,495 residents and average household incomes of $132,108 within a 5-mile radius.
    Insight Report Location Intelligence

    Current Use by Public Records

    Crescent Hall Event ... Wedding Venue Shake Shack The School ... Hamburger Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Utah Food Services, Martian Kabob Food Truck

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.8913939
    Latitude
    40.5511639

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    FAQs

    What type of property is this?
    Restaurant - Two-tenant retail building in Sandy's premier retail development.
    Where is this restaurant located?
    The property is located at 11020 State St Sandy, UT.
    What is the asking price?
    The asking price for this property is $6,443,000.
    What are key features of this property?
    This property features: - Anchored by corporate Shake Shack in a new two-tenant building.; - Located adjacent to Costco and Scheels in a premier retail development.; - Strong demographics: High residential population and average household income.
    (415) 274-2715
    Request Owner's contact information
    11020 State St Sandy, UT 84070
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    Realmo Value Estimation

    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.

    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.

    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
    11020 State St Sandy, UT 84070
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