Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 W State St Lehi, UT 84043

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    0.83 acres of commercial land with utilities at site.

    Type:Land
    Lot size:
    0.83 Acres
    Added:
    Nov 12, 2024
    Days on Market:
    506
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 600 W State St

    General Information

    Standard status
    Active
    Lot size
    0.83 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Lance Pendleton

    Listing agent Lance Pendleton License #UT 5594649-SA00

    Listing office Newmark Mountain West

    Listing date Nov 12, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Newmark Mountain West

    Overview

    0.83 Acres Commercial Land Available

    This commercial land offering consists of 0.83 acres. The site benefits from existing curbing and a parking strip. Utilities are available at the site. The location provides close proximity to I-15. Traffic counts on State Street are reported at 17,533 ADT.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lehi
    County
    Utah
    State
    Utah
    Longitude
    -111.840164
    Latitude
    40.3936207

    Nearby Similar for Sale

    • $544,500

      Lehi Commercial Pad Site

      Finished commercial pad site in a rapidly growing Utah market.
      1500 N 3600 W unit: A2, Lehi, UT 84045
      View Details
    • $1,600,000

      Upscale Lehi Commercial Investment Property

      High-visibility commercial property with strong income and established brand.
      61 W 3200 N unit: 61, Lehi, UT 84043
      View Details
    • $410,000

      Lehi Land with Mountain Views

      Land in Lehi with views of Silicon Slopes.
      1057 W SEASONS VIEW Ct, Lehi, UT 84043
      View Details
    • $399,000

      Lehi Land Parcel For Sale

      Large lot in central Lehi with development potential.
      1765 N 1100 W, Lehi, UT 84043
      View Details
    • $330,000

      Residential Lot in Lehi, Utah

      Residential lot available in Lehi, build your dream home.
      207 W 500 S, Lehi, UT 84043
      View Details
    • Contact for pricing

      Lehi Commercial Land Opportunity

      2.13 acres of commercial land in Lehi, Utah.
      595 S 600 E, Lehi, UT 84043
      View Details
    • $299,900

      Residential Lot in Old Town

      0.33 acre residential lot in prime Old Town Lehi.
      476 S 230 W, Lehi, UT 84043
      View Details
    • $469,900

      Traverse Mountain Corner Lot

      0.39-acre corner lot in upscale Vialetto community with views.
      1192 W REGGIO Cir unit: 330, Lehi, UT 84043
      View Details
    • $1,450,000

      Lehi Office Investment Opportunity

      Stable investment property with consistent income stream in Lehi.
      1220 North 500 West Street, Lehi, UT 84043
      View Details
    • $2,515,590
      1 SF

      Prime Land in Skyview Development

      Land in mixed-use development with high visibility and future parking.
      Approx. 140 E Traverse Terrace Drive, Lehi, UT, 84043
      View Details
    • $1,500,000
      5,212 SF

      Lehi Office Building For Sale

      Fully leased office building with stable income in Lehi.
      1220 North 500 West Street, Lehi, UT 84043
      View Details
    • $3,250,000
      3,000 SF

      NNN Leased Retail Opportunity

      NNN leased retail property with repositioning potential in Lehi, Utah.
      2120 N Triumph Blvd, Lehi, UT
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.83 acres of commercial land with utilities at site.
    Where is this commercial land located?
    The property is located at 600 W State St Lehi, UT.
    What are key features of this property?
    This property features: 0.83 Acres of land available; Utilities at Site; Within Close Proximity to I‑15
    We can help!
    Listing Contact
    Lance Pendleton
    Real Estate License ID: UT 5594649-SA00
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!