Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1145 State St Clearfield, UT 84015-1818

    • Drive through restaurants
    • 5,506 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Jun 07, 2023
    Value Estimations
    $405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0790208
    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

    • Curly Scissorhands Hair Studio / Hair Salon / Barber Shop
    • Manuel's El Burrito Restaurant & Cantina / Restaurant / Taco Restaurant
    • Business Development / Business Management Consultant

    Property Details for 1145 State St

    Year built
    1953
    Construction
    WOOD
    Lot size
    0.33 lot acres
    Property size
    5,506 SF
    Zone code
    C-2
    Property type
    Drive through restaurants
    APN
    12-072-0024
    APU
    120720024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $613,000
      Market price range: $521k - $1.03M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clearfield
    County
    Davis
    State
    Utah
    Longitude
    -112.033
    Latitude
    41.1178
    CBSA code
    36260
    CBSA name
    OGDEN-CLEARFIELD, 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
    $13,718
    $69,598
    $617,901
    $687,500
    -
    $126,542
    $1,123,458
    $1,250,000

    Comparable in this City

    • Value Estimation
      $605,000
      12,485 SF

      Clearfield, UT 84015

      DRIVE-THRU RESTAURANT, FAST FOOD • 12,485 SF
      Clearfield, UT 84015
      View Details
    • Value Estimation
      $385,000
      4,397 SF

      599 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,397 SF
      599 Main St, Clearfield, UT 84015
      View Details
    • Value Estimation
      $265,000
      1,406 SF

      866 1700th S

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,406 SF
      866 1700th S, Clearfield, UT 84015-8511
      View Details
    • Value Estimation
      $370,000
      1,846 SF

      2212 1800th N

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,846 SF
      2212 1800th N, West Point, UT 84015-7926
      View Details
    • Value Estimation
      $255,000
      338 SF

      2593 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 338 SF
      2593 Main St, Clinton, UT 84015
      View Details
    • Value Estimation
      $390,000
      3,183 SF

      582 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,183 SF
      582 Main St, Clearfield, UT 84015-3236
      View Details

    Similar Nearby for Sale

    • $550,000
      5,000 SF

      Retail/Office Pad For Sale

      Retail/office pad available for sale or lease near I-15.
      888 S 2000 E, Clearfield, UT 84015
      View Details
    • Contact for pricing
      1.30 Acres

      Clearfield Retail Land - 1.3 Acres

      Prime 1.3-acre retail pad, drive-thru potential.
      475 1700, Clearfield, UT 84015
      View Details
    • Contact for pricing
      3.13 Acres

      Clinton Retail Corner: 3.13 Acres

      Prime Clinton retail land, fully entitled, high traffic
      2016 2300, Clinton, UT 84015
      View Details
    • Contact for pricing
      2,640 SF

      Retail Property on State Street

      Retail property with C-store use permitted and strong traffic counts.
      712 S State St, Clearfield, UT 84015
      View Details
    • $1,200,000
      11,216 SF

      Clearfield Retail Storefront on Main

      11,216 SF retail storefront with seller financing available.
      285 N Main St, Clearfield, UT 84015
      View Details
    • $550,000
      1,200 SF

      Prime Clearfield Office/Retail Pad

      Executive office space, build-to-suit option.
      888 University Park Blvd, Clearfield, UT 84015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Wasatch Retail Center: Syracuse, UT

      Prime Retail Space, Syracuse, Utah. High-traffic location.
      1800 200, West Point, UT 84015
      View Details
    • Contact for pricing
      30,492 SF

      Sunset Retail/Restaurant Opportunity

      Retail or restaurant space adjacent to Sunset Town Center Apartments.
      273 W 1300 N, Clearfield, UT 84015
      View Details
    • $100,000
      115,870 SF

      Clearfield Retail Pads - Antelope Dr

      Prime Retail Land, Build-to-Suit Options
      175 Antelope Dr, Clearfield, UT 84015
      View Details
    • Contact for pricing
      6,000 SF

      Kaysville Commercial Land Opportunity

      8.65 Acres, Mixed-Use Development
      100 2400, Clearfield, UT 84015
      View Details
    • Contact for pricing
      16,000 SF

      Retail Space Available

      Retail space available for sale, lease, or build-to-suit.
      1080 W 300 N, Clearfield, UT 84015
      View Details
    • Contact for pricing
      36,300 SF

      The Point: West Point Retail Space

      Prime West Point retail, multiple spaces available.
      300 2000, West Point, UT 84015
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1145 State St
    Clearfield, UT 84015-1818
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.