New search
Property profile & analytics
OFF-MARKET
Estimated value
$555,000
Strip malls
10373 State St, Sandy, UT 84070-4114
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0347506
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,698 SF
Lot
0.61 ac (26,572 SF)
Zoning code
CBD
APN
28-18-151-040
UPID
US86-0347506
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pei Wei Asian Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$555k
Owner & transaction history
Sandy City · 19 yrs held
Sandy City
since 2007
7 recorded transactions
Zoning & alternative use
CBD · Sandy, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$920,000
+94.2%
Auto repair, garage
$825,000
+74.1%
Warehouse, storage
$810,000
+70.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sandy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sandy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Current use
RETAIL STORES
$920,000
Change: +94% · Conversion: Easy
AUTO REPAIR, GARAGE
$825,000
Change: +74% · Conversion: Difficult
WAREHOUSE, STORAGE
$810,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$555k
Range $500k – $611k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$52 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$44,871
Tax year 2023
Assessed value
$4,651,300
Assessed 2023
Previous assessed
$4,651,300
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$437,100
Assessed improvement
$4,214,200
Land market value
$437,100
Improvement market value
$4,214,200
Total market value
$4,651,300
Applied tax rate
36.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
YES
Stories
1
Units
4
Rooms
9
Bathrooms
1
Total area
10,698 SF
Lot
0.61 ac (26,572 SF)
Zoning code
CBD
APN
28-18-151-040
UPID
US86-0347506
Jurisdiction
SALT LAKE
Zoning & alternative use
CBD · Sandy, UT
Zoning CBD · permitted uses
CBD · Sandy, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sandy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$475,000
RETAIL STORES
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
4
Rooms
9
Bathrooms
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Sandy City
Entity
Mailing address
1165 E WILMINGTON AVE, SALT LAKE CITY, UT 84106-2850
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
Jt South Towne IV Delaware LLC
—
Deed
related
$4,950,000 · Lmf Com'l LLC
Feb 1, 2007
—
Sandy City
Don & Donna Steadman Fam Ents
Warranty Deed
related
—
Dec 30, 2005
—
Don Ents
Don & Donna Steadman Fam Ents
Quit Claim Deed
related
—
Aug 17, 2004
—
Towne South III
—
Trustees Deed
related
$1,575,000 · Wells Fargo Bank
Feb 11, 1998
—
Don & Donna Steadman Family En
Steadman,donald L & Donna B
Quit Claim Deed
related
—
—
—
South Towne III Lc
—
Deed Of Trust
related
$2,480,000 · Wells Fargo Bk
—
—
Jt South Towne IV Delaware LLC
—
Deed Of Trust
related
$4,950,000 · Lmf Com'l LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10373 State St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
