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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11282 State St Sandy, UT 84070-5113

    • Outlet malls
    • 219,356 SF
    • 4.40 lot acres
    OFF-MARKET
    Value Estimations
    $6,375,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0689909
    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

    • Quick-Tag / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • SCHEELS / (Bike/Boat/Book/etc) Store
    • Zesty Zing Bakery / Bakery / Specialty Food Shop

    Property Details for 11282 State St

    Year built
    2011
    Lot size
    4.40 lot acres
    Property size
    219,356 SF
    Zone code
    C-B-D
    Property type
    Outlet malls
    APN
    27-24-279-003
    APU
    2724279003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.894
    Latitude
    40.5465
    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
    $225,074
    $2,951,600
    $20,379,400
    $23,331,000
    -
    $2,951,600
    $20,379,400
    $23,331,000

    Comparable in this City

    • Value Estimation
      $2,430,000
      51,304 SF

      615 8400th S

      WHOLESALE OUTLET, DISCOUNT STORE • 51,304 SF
      615 8400th S, Sandy, UT 84070-0525
      View Details
    • Value Estimation
      $2,515,000
      64,640 SF

      560 9000th S

      WHOLESALE OUTLET, DISCOUNT STORE • 64,640 SF
      560 9000th S, Sandy, UT 84070-2547
      View Details
    • Value Estimation
      $5,145,000
      182,765 SF

      10130 State St

      WHOLESALE OUTLET, DISCOUNT STORE • 182,765 SF
      10130 State St, Sandy, UT 84070-4118
      View Details
    • Value Estimation by Request
      10,092 SF

      10673 State St

      SHOPPING CENTER, STRIP CENTER • 10,092 SF
      10673 State St, Sandy, UT 84070-4108
      View Details
    • Value Estimation by Request
      11,430 SF

      8371 State St

      SHOPPING CENTER, STRIP CENTER • 11,430 SF
      8371 State St, Sandy, UT 84070-1362
      View Details
    • Value Estimation
      $570,000
      19,899 SF

      8720 700th E

      SHOPPING CENTER, STRIP CENTER • 19,899 SF
      8720 700th E, Sandy, UT 84070-1801
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Retail Center in Sandy

      Recently renovated retail center in affluent Salt Lake City submarket.
      11020-11078 S State St, Sandy, UT 84070
      View Details
    • $16,723,000
      24,604 SF

      Fully Occupied Retail Center

      Prime retail center with strong tenants in a growing area.
      11020-11052 S State St, Sandy, UT 84070
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    • $2,900,000
      9,878 SF

      Sandy, UT Office/Retail Building

      9,878 SF Multi-Tenant Opportunity
      8327 State St, Sandy, UT 84070
      View Details
    • $6,443,000
      8,170 SF

      New Retail Building Near Costco

      Two-tenant retail building in Sandy's premier retail development.
      11020 State St, Sandy, UT 84070
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    • $750,000
      0.29 Acres

      Sandy Retail Investment Opportunity

      High-value retail lot near Real Salt Lake Stadium
      48 9400, Sandy, UT 84070
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    • $4,526,233
      2,350 SF

      Sandy, UT QSR Investment Opportunity

      High-Traffic, Multi-Tenant Retail Property
      130 10600, Sandy, UT 84070
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    Similar Nearby for Lease

    • Contact for pricing
      1,436 SF

      Retail Space Near Scheels Sporting

      Retail spaces available near major anchor and freeway access.
      11400 S State St, Sandy, UT 84070
      View Details
    • Contact for pricing
      2,528 SF

      Retail Space in Sandy Location

      Retail space for rent with convenient access and prime location.
      8912 S State St, Sandy, UT 84070
      View Details
    • $21 SF/Yr
      10,000 SF

      Hillcrest Retail Plaza: Sandy, UT

      Prime Sandy Retail Space: High Traffic, Great Visibility
      7301 900, Sandy, UT 84070
      View Details
    • $22 SF/Yr
      16,000 SF

      Seven Skies Retail Center

      Prime Sandy location, multiple spaces available
      168 Midvillage Blvd, Sandy, UT 84070
      View Details
    • $5,243,000
      1,600 SF

      Retail Space in Sandy Schoolyard

      Retail space available for sublease in Sandy, Utah.
      11078 S State St, Sandy, UT 84070
      View Details
    • Contact for pricing
      102,366 SF

      Sandy South Towne Retail Center

      High-traffic retail space available in Sandy, UT
      11100 State St, Sandy, UT 84070
      View Details

    Property Visit Statistics

    • Visits by month
      254.4k
    • Visitors by month
      191.3k
    • Avg Time on site
      42 min
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    11282 State St
    Sandy, UT 84070-5113
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    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
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