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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Saint George Blvd Ste, Unit 1 St George, UT 84770-2881

    • Commercial real estate
    • 3,781 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0649234
    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

    • Commercial real estate

    Property Details for 2 Saint George Blvd Ste

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.09 lot acres
    Property size
    3,781 SF
    Property type
    Commercial real estate
    APN
    SG-AS-1-A-CB
    APU
    SGAS1ACB

    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
    St George
    County
    Washington
    State
    Utah
    Longitude
    -113.584
    Latitude
    37.1102
    CBSA code
    41100
    CBSA name
    ST. GEORGE, 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
    $5,694
    $0.00
    $0.00
    $850,700
    -
    $218,200
    $632,500
    $850,700

    Comparable in this City

    • Value Estimation by Request
      0.36 Acres

      770 Northstar Dr

      COMMERCIAL (GENERAL) • 0.36 Acres
      770 Northstar Dr, Saint George, UT 84770-5189
      View Details
    • Value Estimation by Request
      0.98 Acres

      770 Northstar Dr

      COMMERCIAL (GENERAL) • 0.98 Acres
      770 Northstar Dr, Saint George, UT 84770-5189
      View Details
    • Value Estimation by Request
      0.09 Acres

      176 300th S

      COMMERCIAL (GENERAL) • 0.09 Acres
      176 300th S, St George, UT 84770-3563
      View Details
    • Value Estimation by Request
      0.57 Acres

      1280 Red Ledge Rd

      COMMERCIAL (GENERAL) • 0.57 Acres
      1280 Red Ledge Rd, St George, UT 84770-1308
      View Details
    • Value Estimation by Request
      0.11 Acres

      Saint George, UT 84770

      COMMERCIAL (GENERAL) • 0.11 Acres
      Saint George, UT 84770
      View Details
    • Value Estimation by Request
      44.08 Acres

      Saint George, UT 84770

      COMMERCIAL (GENERAL) • 44.08 Acres
      Saint George, UT 84770
      View Details

    Similar Nearby for Sale

    • $139,900
      1,449 SF

      Sunset Blvd Restaurant Opportunity

      Turnkey Restaurant, High Traffic Location
      1812 Sunset Blvd, St. George, UT 84770
      View Details
    • Contact for pricing

      St. George Retail Land Opportunity

      Prime 6+ Acres, I-15 Exit Access
      0 Main St, St. George, UT 84770
      View Details
    • Contact for pricing
      3.18 Acres

      St. George Commercial Land

      3.18-acre development opportunity
      1650 Snow Canyon Pkwy, St. George, UT 84770
      View Details
    • $950,000
      0.72 Acres

      Sunset Blvd Commercial Land

      Prime St. George Commercial Lot
      999 Sunset Blvd, St. George, UT 84770
      View Details
    • Contact for pricing
      320 SF

      Land Parcel in St George

      320-acre land parcel with electric services nearby.
      Parcel 8243, St George, UT 84770
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      4,866 SF

      High-Visibility St. George Office Space

      Prime Bluff Street Office: 4,866 sq ft
      595 Bluff St, St. George, UT 84770
      View Details
    • $0.80 SF/Yr
      2,682 SF

      Industrial Space in St. George

      Industrial spaces available for lease in a high-demand area.
      791 Red Rock Rd, St George, UT 84770
      View Details
    • $14 SF/Yr
      19,900 SF

      New Industrial Flex Space Available

      Lease reservations available for move-in ready units in Q1 2023.
      770 N 1080 E, St George, UT 84770
      View Details
    • $18 SF/Yr
      2,297 SF

      Office Space For Rent

      Office space with frontage on South Dixie Drive.
      1572 S Dixie Dr, St George, UT 84770
      View Details
    • $10,890 /Mo

      Restaurant Pad for Ground Lease

      9,000 SF restaurant pad site with easy I-15 access.
      1200 S 250 W, St George, UT 84770
      View Details
    • $2.00 SF/Yr
      7,800 SF

      New Office Building For Lease

      Brand new office building suitable for medical or general office.
      1234 W Sunset Blvd, St George, UT 84770
      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.
    2 Saint George Blvd Ste, Unit 1
    St George, UT 84770-2881
    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.