Property profile

1526 State St Salt Lake City, UT 84115

OFF-MARKET
Strip malls
Property ID
US86-1371902
13,822 SF 0.31 ac lot Built 1938
Entity Owned 9-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property at 1526 S State Street in Salt Lake County offers a unique blend of street-level retail and rear storage units. The 13,800 square foot building presents a fantastic opportunity for multiple tenants seeking flexible spaces. Four spaces are currently available, with street retail space offering a maximum contiguous area of 825 square feet, ideal for a variety of retail uses. The property boasts excellent frontage on State Street, benefiting from an average daily traffic count of 30,000 cars. Its strategic location offers close proximity to Downtown Salt Lake City and sits directly across the street from Salt Lake Community College, ensuring high visibility and foot traffic. Three separate storage units are also available in the rear of the building, providing additional income potential or valuable storage space for a primary tenant. Unit A offers 520 square feet at a monthly rate of $550, Unit B provides 625 square feet for $730 per month, and Unit C features 600 square feet at a monthly rate of $575. The minimum divisible space is 500 square feet, allowing for adaptability to various business needs. This property presents a low price point lease rate, making it an attractive investment opportunity in a high-traffic, desirable location. Don't miss this chance to secure a prime retail and/or storage space in the heart of Salt Lake City.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1938
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,822 SF
Lot 0.31 ac (13,504 SF)
Zoning code CC
APN 16-18-152-013
UPID US86-1371902

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon

Location

1526 State St Salt Lake City, UT 84115-1632
Salt Lake City metro Census 102900 SALT LAKE CITY, UT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$669k
Blend (final) Blend
$500k

Owner & transaction history

since 2017
6 recorded transactions
2017
Price N/A
2015
Price N/A
2015
Price N/A
2014
Price N/A
2008
Price N/A
2000
Price N/A

Zoning & alternative use

CC · Salt Lake City, UT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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 1526 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.
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