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    Property profile & analytics

    583 State Rd 198 Salem, UT 84653-5673

    • Office buildings
    • 2,595 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 23, 2022
    Location Intelligence
    Property ID
    US86-0124880
    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 583 State Rd 198

    Year built
    2010
    Lot size
    0.06 lot acres
    Property size
    2,595 SF
    Property type
    Office buildings
    APN
    66-870-0111
    APU
    668700111

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Utah
    State
    Utah
    Longitude
    -111.668
    Latitude
    40.0637
    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
    $3,553
    $0.00
    $0.00
    $361,000
    -
    $92,500
    $268,500
    $361,000

    Comparable in this City

    • Value Estimation by Request
      8,024 SF

      576 State Rd 198

      OFFICE BUILDING • 8,024 SF
      576 State Rd 198, Salem, UT 84653-5624
      View Details
    • Value Estimation by Request
      9,188 SF

      310 100th E

      OFFICE BUILDING • 9,188 SF
      310 100th E, Salem, UT 84653-9186
      View Details
    • Value Estimation by Request
      1,248 SF

      95 Main St

      OFFICE BUILDING • 1,248 SF
      95 Main St, Salem, UT 84653-9601
      View Details
    • Value Estimation by Request
      12,930 SF

      741 State Rd 198

      OFFICE BUILDING • 12,930 SF
      741 State Rd 198, Salem, UT 84653-4602
      View Details
    • Value Estimation by Request
      16,522 SF

      305 State Rd 198

      OFFICE BUILDING • 16,522 SF
      305 State Rd 198, Salem, UT 84653-5618
      View Details
    • Value Estimation by Request
      3,088 SF

      251 State Rd 198

      OFFICE BUILDING • 3,088 SF
      251 State Rd 198, Salem, UT 84653-5608
      View Details

    Similar Nearby for Sale

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      Residential Land in Salem, UT

      Secluded lots with mountain views in a small community.
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      Summit Creek Homesite Opportunity

      Gently sloping lot with mountain and valley views.
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    Similar Nearby for Lease

    • $20 SF/Yr
      92,323 SF

      Pharmacy and Retail Space Available

      Second generation pharmacy and shell space in growing Utah County.
      555 W State Rd, Salem, UT 84653
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    • Contact for pricing
      2,100 SF

      Salem Retail Pad - Prime Location

      Grocery-anchored retail space available.
      870 Sr 198, Salem, UT 84653
      View Details
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    Salem, UT 84653-5673
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    Realmo Value Estimation

    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.

    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.

    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
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