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    Property profile & analytics

    132 State St Salt Lake City, UT 84111

    • Retail space
    • 0.10 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimation
    $350,000
    Location Intelligence
    Property ID
    US86-0105878
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Modal Living / Home Builder / Service Establishment
    • CommonGrounds Workplace / Coworking Space
    • Blink Charging Station / Electric Vehicle Charging Station
    • Michael D. Gardner, PHD / Marriage Or Relationship Counselor
    • Heidi L. Snow, CSW / Social Worker

    Property Details for 132 State St

    Lot size
    0.10 lot acres
    Zone code
    D-1
    Property type
    Retail space
    APN
    16-06-151-025
    APU
    1606151025

    Description

    This stunning Class A office building, originally constructed in 1905 as The Orpheum Theater, offers 19,512 square feet of prime office space across three stories. A complete renovation in 2017 preserved the building's rich history and architectural details, including its iconic Second Renaissance Revival façade and the original 12-foot Venus statue. The building boasts multiple tenancy options, with four available spaces ranging from 4,936 to 6,504 square feet. Located at 132 State Street in the heart of Salt Lake City, Utah (zip code 84111), this landmark property provides tenants with a unique and prestigious address. The building's history as a beloved theater, later the Promised Valley Playhouse, adds to its character and charm. This is an exceptional opportunity to lease space in a beautifully restored, historically significant building in a vibrant downtown location. The building's impressive features and central location make it an ideal choice for businesses seeking a unique and high-quality office environment. The available spaces offer flexibility for various business needs and sizes.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $425,000
      6.5%
      $380,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $360,000
      Mixed-Use
      $355,000
      Hospitality
      $390,000
      Educational
      $385,000
      Residential Income
      $460,000
      Energy
      $445,000
      Income-Based Land
      $420,000
      Food Service
      $400,000

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.889
    Latitude
    40.7659
    CBSA code
    41620
    CBSA name
    SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,220
    $426,900
    $0.00
    $426,900
    -
    $426,900
    $0.00
    $426,900

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      65 200th S

      RETAIL STORES (PERSONAL SERVICES) • 0.29 Acres
      65 200th S, Salt Lake City, UT 84111-1914
      View Details
    • Value Estimation by Request
      0.05 Acres

      941 State St

      RETAIL STORES (PERSONAL SERVICES) • 0.05 Acres
      941 State St, Salt Lake City, UT 84111-4218
      View Details
    • Value Estimation by Request
      0.02 Acres

      168 State St

      RETAIL STORES (PERSONAL SERVICES) • 0.02 Acres
      168 State St, Salt Lake City, UT 84111-1506
      View Details
    • Value Estimation by Request
      1,150 SF

      349 200

      Individual retail properties • 1,150 SF
      349 200, Salt Lake City, UT 84111
      View Details
    • Value Estimation by Request
      24,399 SF

      14 800th S

      RETAIL STORES (PERSONAL SERVICES) • 24,399 SF
      14 800th S, Salt Lake City, UT 84111-4104
      View Details
    • Value Estimation by Request
      576 SF

      817 State St

      RETAIL STORES (PERSONAL SERVICES) • 576 SF
      817 State St, Salt Lake City, UT 84111
      View Details

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    132 State St
    Salt Lake City, UT 84111
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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
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