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    145 E 1300 S Salt Lake City, UT 84115

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    145 E 1300 S Salt Lake City, UT 84115

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    • Strip malls
    • 62,843 SF
    • 4.40 lot acres
    For Lease
    $19 SF/Yr
    View Listing →
    Retail Space on State Street For Lease
    $19 SF/Yr
    2,800 SF

    Retail Space on State Street

    Retail space for lease with high visibility on State Street.

    145 E 1300 S, Salt Lake City, UT
    View Listing
    Property ID
    US86-0414475
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Salt Lake County Pretrial Services / County Government Office
    • Diggi Toys / Electronics & Wireless Store
    • averhealth / Drug Testing Service
    • Salt Lake County Probation Services / County Government Office
    • Pacific Food Polynesian Market / Department Store

    Property Details for 145 E 1300 S

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.40 lot acres
    Property size
    62,843 SF
    Zone code
    CC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    16-07-357-038
    APU
    1607357038

    Description

    Lincoln Plaza, located at 145 E 1300 S in Salt Lake City, UT 84115, offers a unique opportunity for retail businesses seeking space in a vibrant location. This anchorless retail strip center on State Street provides a flexible layout with multiple tenancy options. The property boasts a total vacant space of 46,815 square feet, with a minimum divisible unit size of 1,186 square feet and a maximum contiguous space of 40,679 square feet, allowing for businesses of various scales to find a suitable fit. The asking lease rate is $19.00 per square foot, triple net (NNN), with approximate NNN expenses estimated at $4.63 per square foot. This prime retail location presents an excellent opportunity for businesses looking to establish or expand their presence in a high-traffic area of Salt Lake City. The property's address is easily accessible and benefits from strong visibility along State Street. The flexible space options make it ideal for a variety of retail concepts. Serious inquiries are encouraged to explore this exceptional retail opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Salt Lake City
    County
    Salt Lake
    State
    Utah
    Longitude
    -111.887
    Latitude
    40.7421
    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
    $84,225
    $6,811,800
    $1,707,800
    $8,519,600
    -
    $6,811,800
    $1,707,800
    $8,519,600

    Comparable in this City

    • Value Estimation
      $1,050,000
      10,336 SF

      1872 300th W

      SHOPPING CENTER, STRIP CENTER • 10,336 SF
      1872 300th W, Salt Lake City, UT 84115-1805
      View Details
    • Value Estimation
      $1,540,000
      33,536 SF

      2962 State St

      SHOPPING CENTER, STRIP CENTER • 33,536 SF
      2962 State St, South Salt Lake, UT 84115-3800
      View Details
    • Value Estimation
      $1,445,000
      9,840 SF

      2720 State St

      SHOPPING CENTER, STRIP CENTER • 9,840 SF
      2720 State St, South Salt Lake, UT 84115-3618
      View Details
    • Value Estimation
      $510,000
      7,920 SF

      1465 State St

      SHOPPING CENTER, STRIP CENTER • 7,920 SF
      1465 State St, Salt Lake City, UT 84115-6121
      View Details
    • Value Estimation by Request
      8,060 SF

      1401 Main St

      SHOPPING CENTER, STRIP CENTER • 8,060 SF
      1401 Main St, Salt Lake City, UT 84115-5313
      View Details
    • Value Estimation by Request
      6,878 SF

      2285 Main St

      SHOPPING CENTER, STRIP CENTER • 6,878 SF
      2285 Main St, South Salt Lake, UT 84115-2600
      View Details

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    Similar Nearby for Lease

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      Prime Retail Space Available

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      Retail Space in South Salt Lake

      Retail space with high ceilings and freeway access.
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      Retail Space in Prime Location

      Retail spaces available in Utah's leading retail corridor.
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      Retail Space on State Street

      Retail space for lease with high visibility on State Street.
      145 E 1300 S, Salt Lake City, UT 84115
      View Details
    • Contact for pricing

      Automotive Property with Grandfathered Use

      Rare opportunity for automotive use in Salt Lake City.
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    Salt Lake City, UT 84115
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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.

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    145 E 1300 S, Salt Lake City, UT, 84115

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