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Property profile & analytics
OFF-MARKET
Drive through restaurants
1338 State St Clearfield, UT 84015-1605
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US86-0555914
Property summary
AI-generated overview
This exceptional retail property, located at 1338 State Street in Clearfield, Utah, presents a unique investment opportunity. The single-tenant building, constructed in 2021, is ideally situated on a hard corner at a signalized intersection, ensuring high visibility and accessibility. The property's strategic location on State Street boasts a significant traffic count of 17,169 ADT, guaranteeing substantial exposure to potential customers. The building is classified as a beverage, fast food, or quick-service restaurant (QSR) establishment, making it suitable for a variety of food and beverage businesses. The property is available for both sale and lease. The asking sale price is $1,600,000. The asking lease rate is $55 per square foot, plus net, net, net (NNN) charges. This property is in Davis County, Utah, and its zip code is 84015. The property's precise coordinates are 41.09431948335922 latitude and -112.00687442090195 longitude. This is a quietly marketed opportunity
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2022
Total area
1,364 SF
Lot
0.42 ac (18,208 SF)
Zoning code
C-2
APN
09-245-0003
UPID
US86-0555914
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
-
Factory & Co Cafe & Coffee Shop Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lemonade Stand Investments LLC · 6 yrs held
Lemonade Stand Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
C-2 · Clearfield, 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 Clearfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clearfield 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
—
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
$5,026
Tax year 2023
Assessed value
$291,324
Assessed 2023
Previous assessed
$291,324
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$87,626
Assessed improvement
$203,697
Land market value
$159,321
Improvement market value
$370,359
Total market value
$529,680
Applied tax rate
1,213.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2022
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
1
Total area
1,364 SF
Lot
0.42 ac (18,208 SF)
Zoning code
C-2
APN
09-245-0003
UPID
US86-0555914
Jurisdiction
DAVIS
Zoning & alternative use
C-2 · Clearfield, UT
Zoning C-2 · permitted uses
C-2 · Clearfield, UT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clearfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2022
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Lemonade Stand Investments LLC
Entity
Mailing address
1316 E 600TH N, BOUNTIFUL, UT 84010-1744
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2026
—
Lemonade Stand Investments LLC
—
Deed
related
$25,000 · Davis County Council Of Governments INC
Dec 18, 2023
—
Lemonade Stand Investments LLC
—
Deed
related
$250,000 · Davis County Council Of Governments INC
Jun 4, 2021
—
Lemonade Stand Investments LLC
—
Deed
related
$479,000 · Mountain West Small Business Finance
Nov 3, 2020
—
Lemonade Stand Investments LLC
—
Deed
related
$829,980 · Cache Vly Bk
Nov 6, 2019
—
Lemonade Stand Investments LLC
Chris J Chelernes Restated Rev Trus
Warranty Deed
$675,810 · Cache Valley Bank
Oct 25, 2013
—
Chelemes,chris J Trust
Chelemes Chris J Trust
Quit Claim Deed
related
—
Sep 20, 2013
—
Chelemes,chris J Trust
Chelemes Chris J Trust
Quit Claim Deed
related
—
—
—
Lemonade Stand Investments LLC
—
Loan Modification
related
$829,980 · Cache Vly Bk
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.
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