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    1000 State Rd Pleasant Grove, UT 84062

    Sponsored
    For Sale
    $6,599,340

    Utah Retail Property - 223,201 SF

    Property size:
    223,201 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 1000 W State Rd in Cedar Hills, Utah, presents a significant investment opportunity. The property boasts a substantial 223,201 square feet of retail space situated on a generous 5.05-acre lot. Its strategic location in Pleasant Grove, Utah, within Utah County, and zip code 84062, offers excellent visibility and accessibility. The asking price for this expansive retail land is $6,599,340, translating to a price per square foot of $30. This represents a compelling value proposition for developers and investors seeking a large-scale retail project in a thriving Utah community. The property's size and location provide ample potential for a variety of retail developments, catering to the needs of the surrounding area. The property is zoned for commercial use, allowing for flexibility in development plans. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a significant retail property in a high-growth area of Utah. Serious inquiries are encouraged to explore the full potential of this exceptional investment. The property's coordinates are 40.3672975 latitude and -111.7550567 longitude.

    Property Features for 1000 State Rd

    General Information

    Property type
    Land
    Square Feet
    223,201 SF
    Lot Size
    219,978 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Grove
    County
    Utah
    State
    Utah
    Longitude
    -111.7550567
    Latitude
    40.3672975

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - Utah Retail Property - 223,201 SF
    Where is this land located?
    The property is located at 1000 State Rd Pleasant Grove, UT.
    What is the asking price?
    The asking price for this property is $6,599,340.
    Request Owner's contact information
    1000 State Rd Pleasant Grove, UT 84062
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    Pleasant Grove, UT 84062
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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
    1000 State Rd Pleasant Grove, UT 84062
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