Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    275 State Rd American Fork, UT 84003-2434
    Back to Search
    Property profile & analytics

    275 State Rd, American Fork, UT 84003-2434

    View on Map
    • Retail space
    • 1,745 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Nov 27, 2023
    Property ID
    US86-0406900
    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

    • Retail space

    Property Details for 275 State Rd

    Year built
    1945
    Lot size
    0.07 lot acres
    Property type
    Retail space
    APN
    02-026-0008
    APU
    20260008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 27, 2023 — Joey & Jeremys Holdings LLC Business Accounting Services INC Warranty Deed —
    Sep 23, 2020 — Business Accounting Svcs INC — Deed · related $213k · Mountain America Cu
    Sep 22, 2020 — Business Accounting Services INC Living Canvas Tattoo LLC Warranty Deed $213k · Mountain America FCU
    Dec 10, 2018 — Living Canvas Tattoo LLC Clay M Liston Warranty Deed $120k · America First FCU
    May 16, 2013 — Liston,merrill G Family Trust Cml745 LLC Quit Claim Deed · related —
    — — Liston,merrill G Trust — Deed Of Trust · related $926k · Central Bank & Trust
    — — Business Accounting Svcs INC — Deed Of Trust · related $213k · Mountain America Cu

    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
    American Fork
    County
    Utah
    State
    Utah
    Longitude
    -111.791
    Latitude
    40.3755
    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
    $161
    $0.00
    $0.00
    $180,100
    -
    $92,500
    $87,600
    $180,100

    Comparable in this City

    • Value Estimation by Request
      14,498 SF

      5353 Pkwy E Dr

      RETAIL STORES (PERSONAL SERVICES)
      5353 Pkwy E Dr, Highland, UT 84003-3866
      View Details
    • Value Estimation by Request
      39,507 SF

      268 Mdw Ln

      RETAIL STORES (PERSONAL SERVICES)
      268 Mdw Ln, American Fork, UT 84003
      View Details
    • Value Estimation by Request
      834 SF

      12 Main St

      RETAIL STORES (PERSONAL SERVICES)
      12 Main St, American Fork, UT 84003-2324
      View Details
    • Value Estimation by Request
      1,950 SF

      51 100th E

      RETAIL STORES (PERSONAL SERVICES)
      51 100th E, American Fork, UT 84003-2325
      View Details
    • Value Estimation by Request
      2,960 SF

      6 100th W

      RETAIL STORES (PERSONAL SERVICES)
      6 100th W, American Fork, UT 84003-2306
      View Details
    • Value Estimation by Request
      2,600 SF

      561 130th N

      RETAIL STORES (PERSONAL SERVICES)
      561 130th N, American Fork, UT 84003-2842
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      155 SF

      Retail and Office Space Available

      Retail, medical, and executive office spaces for lease.
      10759 N Oslo Dr, Highland, UT 84003
      View Details
    • Contact for pricing
      7,327 SF

      Retail Building on Alpine Highway

      Retail building with approximately 7,237 SF of gross leasable area.
      11055 N Alpine Hwy, Highland, UT 84003
      View Details
    • $2,750,000

      Prime Retail Space on Main

      Retail opportunity in the heart of American Fork.
      61 W Main St, American Fork, UT 84003
      View Details
    • $1,479,000
      0.33 Acres

      Historic Main Street Commercial Opportunity

      Versatile commercial property with historic charm and modern updates.
      6 S 100 W, American Fork, UT 84003
      View Details
    • Contact for pricing

      Multi-Tenant Retail Investment Property

      100% leased multi-tenant retail property for sale.
      338 E State Rd, American Fork, UT 84003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

      Retail Space Available Immediately

      Second generation retail space for lease with strong co-tenancy.
      541 S 500 E, American Fork, UT 84003
      View Details
    • Contact for pricing
      2,046 SF

      Retail Space with Treatment Rooms

      2,046 SF retail space with 12 treatment rooms.
      368 N 750 W, American Fork, UT 84003
      View Details
    • Contact for pricing
      28,011 SF

      American Fork Retail Space Available

      Retail spaces available for lease in American Fork, Utah.
      634-702 E State Rd, American Fork, UT 84003
      View Details
    • Contact for pricing
      2,103 SF

      499 S 500 E, American Fork, UT 84003

      Retail space
      499 S 500 E, American Fork, UT 84003
      View Details
    • Contact for pricing

      Retail and Land Lease Opportunity

      Retail and land available for lease with high traffic counts.
      648 E State St, American Fork, UT 84003
      View Details
    • Contact for pricing

      Office/Retail Buildings with Suites Available

      Office and retail suites available for lease in Highland, Utah.
      5300 W 11000 N, Highland, UT 84003
      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.
    275 State Rd
    American Fork, UT 84003-2434
    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

    Thank You for Inquiry
    275 State Rd, American Fork, UT, 84003
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!