Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    345 State St Lindon, UT 84042-1831
    Back to Search
    Property profile & analytics

    345 State St, Lindon, UT 84042-1831

    View on Map
    • Office buildings
    • 4,504 SF
    • 1.04 lot acres
    Off-Market
    Last Sale Jan 28, 2022
    Property ID
    US86-1231153
    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

    • Sterling Automotive Group LLC / Auto Repair Shop

    Property Details for 345 State St

    Year built
    1997
    Lot size
    1.04 lot acres
    Property type
    Office buildings
    APN
    14-068-0302
    APU
    140680302

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 28, 2022 — Kim Jones Sterling Stewart B Haun Warranty Deed $1.1M · Bartlett Exchange Lc
    Feb 4, 2014 — Haun,stewart B & Ruth S Trust Stewart B Haun SR. Quit Claim Deed · related —
    — — Stewart B Haun SR. — Deed Of Trust · related $45k · Central Bk

    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
    Lindon
    County
    Utah
    State
    Utah
    Longitude
    -111.723
    Latitude
    40.3438
    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
    $8,054
    $0.00
    $0.00
    $1,066,500
    -
    $583,300
    $483,200
    $1,066,500

    Comparable in this City

    • Value Estimation by Request
      42,964 SF

      384 400th W

      OFFICE BUILDING
      384 400th W, Lindon, UT 84042-1956
      View Details
    • Value Estimation by Request
      98,476 SF

      2570 600th N

      OFFICE BUILDING
      2570 600th N, Lindon, UT 84042-1227
      View Details
    • Value Estimation by Request
      46,364 SF

      1172 700th N

      OFFICE BUILDING
      1172 700th N, Lindon, UT 84042-1458
      View Details
    • Value Estimation by Request
      12,204 SF

      1810 700th N

      OFFICE BUILDING
      1810 700th N, Lindon, UT 84042-1466
      View Details
    • Value Estimation by Request
      65,153 SF

      520 800th W

      OFFICE BUILDING
      520 800th W, Lindon, UT 84042-1684
      View Details
    • Value Estimation by Request
      47,911 SF

      405 880th W

      OFFICE BUILDING
      405 880th W, Lindon, UT 84042-1103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,440 SF

      Functional Office Condo For Sale

      Well-maintained office condo with flexible layout and convenient location.
      189 N 290 W, Lindon, UT 84042
      View Details
    • Contact for pricing

      Versatile Commercial Property in Lindon

      59,781 sqft commercial property at a bustling Lindon intersection.
      555 S Geneva Rd, Lindon, UT 84042
      View Details
    • Contact for pricing

      9.73 Acres Zoned Commercial Land

      9.73 acres of commercial land in accelerated growth area.
      2000 W 400 N, Lindon, UT 84042
      View Details
    • New
      $395,000
      0.40 Acres

      Lindon, UT Building Lot

      Rare building lot in Lindon's Walker Subdivision.
      252 E Center St, Lindon, UT 84042
      View Details
    • Contact for pricing

      Commercial Land For Sale

      6.829 Acres of commercial land available in Lindon, Utah.
      338 S 670 W, Lindon, UT 84042
      View Details
    • Contact for pricing

      Land Adjacent to Pleasant Grove

      Land near new housing with strong growth potential.
      700 N 1400 W, Lindon, UT 84042
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,735 SF

      Class A Office Space Available

      Mid-rise office building with floor-to-ceiling glass and crown signage.
      1221 S Vly Grv Way, Pleasant Grove, UT 84042
      View Details
    • Contact for pricing

      Established Office Destination in Lindon

      Office space with I-15 access in established tech center.
      355 S 520 W, Lindon, UT 84042
      View Details
    • Contact for pricing
      3,492 SF

      Lindon Office Space For Lease

      Office space in Lindon with excellent I-15 access.
      350 S 400 W, Lindon, UT 84042
      View Details
    • Contact for pricing
      31,645 SF

      Furnished Office Space Available

      Tech-oriented office space with flexible lease terms and amenities.
      2675 W 600 N, Lindon, UT 84042
      View Details
    • Contact for pricing
      12,000 SF

      Lindon Office Space Available

      High-end office space with tech finishes and I-15 access.
      360-380 S 670 W, Lindon, UT 84042
      View Details
    • Contact for pricing

      Lindon Office Warehouse Space

      Office and warehouse space available in high demand area.
      1453 W 40 S, Lindon, UT 84042
      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.
    345 State St
    Lindon, UT 84042-1831
    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
    345 State St, Lindon, UT, 84042
    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!