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    11020-11052 S State St Sandy, UT 84070

    For Sale
    $16,723,000

    Prime retail center with strong tenants in a growing area.

    Property size:
    24,604 SF
    Lot size:
    5.46 Acres

    Property Features for 11020-11052 S State St

    General Information

    Size
    24,604 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

    Fully Occupied Retail Center

    This 100% occupied retail center features a synergistic mix of national and regional tenancies. The property benefits from long-term leases that include annual rental increases and both corporate and personal guarantees. Market rents are replaceable. The underlying real estate is of high quality and supported by strong demographics with major draws. The property is ideally positioned adjacent to Costco, Walmart, Sam’s Club, and Scheels. Recent large-scale renovations have made this one of Sandy’s premier retail developments. The Salt Lake City MSA is one of the fastest-growing metro areas in the U.S. The surrounding area features affluent demographics, with average household incomes of $138,000 within a 5-mile radius of the subject property. The property contains 24,604 square feet and is located at 11020-11052 S State Street, Sandy, UT.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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

    South Center, Crescent Corner, Coin Cloud Bitcoin ATM, SouthGate Office Park, OVCC

    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?
    Shopping center - Prime retail center with strong tenants in a growing area.
    Where is this shopping center located?
    The property is located at 11020-11052 S State St Sandy, UT.
    What is the asking price?
    The asking price for this property is $16,723,000.
    What are key features of this property?
    This property features: - Ideally positioned adjacent to Costco, Walmart, Sam’s Club, & Scheels; - 100% occupied retail center with a synergistic mix of national and regional tenancies; - Affluent demographics – **$138,000 average household incomes within a 5-mile radius**
    (415) 274-2715
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    11020-11052 S 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
    11020-11052 S State St Sandy, UT 84070
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