Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1809 State Rd Pleasant Grove, UT 84062-4152

    • Office buildings
    • 7,761 SF
    • 1.37 lot acres
    OFF-MARKET
    Last Sale
    Jun 21, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0899571
    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

    • Office buildings

    Property Details for 1809 State Rd

    Year built
    2015
    Lot size
    1.37 lot acres
    Property size
    7,761 SF
    Property type
    Office buildings
    APN
    40-528-0010
    APU
    405280010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Grove
    County
    Utah
    State
    Utah
    Longitude
    -111.767
    Latitude
    40.3683
    CBSA code
    39340
    CBSA name
    PROVO-OREM, 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
    $15,019
    $0.00
    $0.00
    $1,835,000
    -
    $856,000
    $979,000
    $1,835,000

    Comparable in this City

    • Value Estimation by Request
      960 SF

      934 Main St

      OFFICE BUILDING • 960 SF
      934 Main St, Pleasant Grove, UT 84062-3560
      View Details
    • Value Estimation by Request
      960 SF

      916 Main St

      OFFICE BUILDING • 960 SF
      916 Main St, Pleasant Grove, UT 84062-3560
      View Details
    • Value Estimation by Request
      1,290 SF

      385 Main St

      OFFICE BUILDING • 1,290 SF
      385 Main St, Pleasant Grove, UT 84062-2634
      View Details
    • Value Estimation by Request
      2,052 SF

      1396 State Rd

      OFFICE BUILDING • 2,052 SF
      1396 State Rd, Pleasant Grove, UT 84062-4107
      View Details
    • Value Estimation by Request
      2,412 SF

      660 State Rd

      OFFICE BUILDING • 2,412 SF
      660 State Rd, Pleasant Grove, UT 84062-2611
      View Details
    • Value Estimation by Request
      9,603 SF

      707 State Rd

      OFFICE BUILDING • 9,603 SF
      707 State Rd, Pleasant Grove, UT 84062-2858
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      106,000 SF

      Upscale Commercial Campus Headquarters

      Strategically located office/warehouse property with mountain views.
      1199 W 700 S, Pleasant Grove, UT 84062
      View Details
    • $26,800,000
      98,520 SF

      Office/Warehouse Campus with Development Opportunity

      98,520 SF campus with expansion potential near I-15.
      1199 W 700 S, Pleasant Grove, UT 84062
      View Details
    • $849,900
      3,455 SF

      Office Warehouse in Pleasant Grove

      3455 SF office warehouse in a great location.
      262 S 671 W, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      2,768 SF

      Office/Retail Units For Sale

      High-exposure office/retail units with freeway access and nearby amenities.
      322 S 2000 W, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Up to 5.05 acres of commercial land for sale.
      1000 W State Rd, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing

      Land For Sale Near DoTerra

      1.09 acres of commercial land near DoTerra campus.
      1554 W Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Suburban Office Building

      105,000 SF Class A office in Utah's Silicon Slopes.
      365 S Garden Grove Ln, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      8,516 SF

      Mixed-Use Destination in Utah County

      130-acre mixed-use destination with Class 'A' office and retail space.
      2415 W 700 S, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      2,763 SF

      Office Space in Valley Grove

      Class A office space in a mixed-use Utah County park.
      1982 W Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing

      Flexible Industrial Space Available

      Small-bay industrial space with updated office build-outs for lease.
      864 S 490 W, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      10,984 SF

      Office Space in Valley Grove

      Class A office space in a mixed-use community.
      2015 W Grove Pkwy, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing

      Valley Grove Mixed-Use Development

      130-acre mixed-use destination with office, retail, and hospitality spaces.
      North County Blvd, Pleasant Grove, UT 84062
      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.
    1809 State Rd
    Pleasant Grove, UT 84062-4152
    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.
    Sign Up Successful!
    You now have access to more from Realmo!