Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,375,000
Outlet malls
11282 State St Sandy, UT 84070-5113
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US86-0689909
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2011
Total area
219,356 SF
Lot
4.4 ac (191,664 SF)
Zoning code
C-B-D
APN
27-24-279-003
UPID
US86-0689909
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
-
Quick-Tag (Bike/Boat/Book/etc) Store Pet Store & Service
-
SCHEELS (Bike/Boat/Book/etc) Store
-
Zesty Zing Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.38M
Owner & transaction history
Onefourteen Partners LLC · 13 yrs held
Onefourteen Partners LLC
since 2013
3 recorded transactions
Zoning & alternative use
C-B-D · 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
$29 / 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
$225,074
Tax year 2023
Assessed value
$23,331,000
Assessed 2023
Previous assessed
$23,331,000
+0.0% YoY
Effective rate
0.96%
On assessed value
Assessed land
$2,951,600
Assessed improvement
$20,379,400
Land market value
$2,951,600
Improvement market value
$20,379,400
Total market value
$23,331,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2011
Heating
NONE
Cooling
YES
Buildings
2
Stories
2
Units
1
Total area
219,356 SF
Lot
4.4 ac (191,664 SF)
Zoning code
C-B-D
APN
27-24-279-003
UPID
US86-0689909
Jurisdiction
SALT LAKE
Zoning & alternative use
C-B-D · Sandy, UT
Zoning C-B-D · permitted uses
C-B-D · 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
2011
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Units
1
Lot
4.4 ac
Current owner
From public records · entity-resolved
Onefourteen Partners LLC
Entity
Mailing address
4550 15TH AVE S, FARGO, ND 58103-8959
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2013
—
Onefourteen Partners LLC
—
Loan Modification
related
$6,545,000 · Wells Fargo Bank
Aug 3, 2011
—
Onefourteen Partners LLC
—
Deed Of Trust
related
$6,545,000 · Wells Fargo Bank
—
—
Onefourteen Partners LLC
—
Deed Of Trust
related
$8,000,000 · Reliastar Life Insurance Co
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 11282 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.
