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Property profile & analytics
OFF-MARKET
Estimated value
$10,200,000
Super regional malls
10450 State St Sandy, UT 84070-4164
Entity Owned
2-yr Hold
Free & Clear
Property ID
US86-0043716
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1986
Total area
492,870 SF
Lot
58.06 ac (2,529,094 SF)
Zoning code
CBD
APN
27-13-227-024
UPID
US86-0043716
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
-
Aerie Store Clothing & Fashion Store
-
Hollister Co. Clothing Store Fashion Accessories Store
-
Sock Annex (Bike/Boat/Book/etc) Store
-
Pacsun Clothing Store
-
Buckle Clothing Store Men'S Clothing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.20M
Owner & transaction history
Riccoloo INC · 2 yrs held
Riccoloo INC
since 2024
2 recorded transactions
Zoning & alternative use
CBD · Sandy, UT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$21 / 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
$407,292
Tax year 2023
Assessed value
$44,626,200
Assessed 2024
Previous assessed
$42,219,600
+5.7% YoY
Effective rate
0.91%
On assessed value
Assessed land
$35,053,200
Assessed improvement
$9,573,000
Land market value
$35,053,200
Improvement market value
$9,573,000
Total market value
$44,626,200
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1986
Cooling
YES
Buildings
15
Stories
2
Units
1
Total area
492,870 SF
Lot
58.06 ac (2,529,094 SF)
Zoning code
CBD
APN
27-13-227-024
UPID
US86-0043716
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.
Building & site characteristics
From public records
Year built
1986
Cooling
Yes
Stories
2
Buildings
15
Units
1
Lot
58.06 ac
Current owner
From public records · entity-resolved
Riccoloo INC
Entity
Free & Clear · 2 yrs held
Mailing address
216 N MAIN STD1, FREEPORT, NY 11520-2200
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
Riccoloo INC
South Town Owner Pr LLC
Special Warranty Deed
—
Jan 24, 2024
—
Sunstone Rover LLC
South Town Owner Pr LLC
Special Warranty Deed
—
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
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