Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    587 State Rd Ste A3 Pleasant Grove, UT 84062-2643
    Back to Search
    Property profile & analytics

    587 State Rd Ste A3, Pleasant Grove, UT 84062-2643

    View on Map
    • Individual retail properties
    • 4,624 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US86-0702807
    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

    • Individual retail properties

    Property Details for 587 State Rd Ste A3

    Year built
    2010
    Lot size
    0.11 lot acres
    Property type
    Individual retail properties
    APN
    46-791-0003
    APU
    467910003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 19, 2010 — Shopzone LLC Aa Development INC Corporation Deed $525k · Utah Community Cu
    Mar 11, 2010 — Aa Development INC Triple Focus LLC Warranty Deed $885k · Wells Fargo Bank NA
    — — Shopzone LLC — Deed Of Trust · related $525k · Utah Community FCU

    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
    Pleasant Grove
    County
    Utah
    State
    Utah
    Longitude
    -111.75
    Latitude
    40.3633
    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
    $5,450
    $0.00
    $0.00
    $665,900
    -
    $266,300
    $399,600
    $665,900

    Comparable in this City

    • Value Estimation by Request
      384 SF

      1 Ctr St

      BARBER, HAIR SALON
      1 Ctr St, Pleasant Grove, UT 84062-2233
      View Details
    • Value Estimation by Request
      1,184 SF

      93 Ctr St

      BARBER, HAIR SALON
      93 Ctr St, Pleasant Grove, UT 84062-2233
      View Details
    • Value Estimation by Request
      916 SF

      53 Main St

      BARBER, HAIR SALON
      53 Main St, Pleasant Grove, UT 84062-2629
      View Details
    • Value Estimation by Request
      5,268 SF

      203 Ctr St

      LAUNDROMAT (SELF-SERVICE)
      203 Ctr St, Pleasant Grove, UT 84062-2567
      View Details
    • Value Estimation by Request
      6,860 SF

      550 220th Sl101

      GYM, HEALTH SPA
      550 220th Sl101, Pleasant Grove, UT 84062-2639
      View Details
    • Value Estimation by Request
      3,006 SF

      214 Main St

      BARBER, HAIR SALON
      214 Main St, Pleasant Grove, UT 84062-2633
      View Details

    Similar Nearby for Sale

    • $650,000
      2,416 SF

      Mixed-Use Duplex with Retail Space

      Unique duplex featuring residential and commercial space in Pleasant Grove.
      1024 W 700 S, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      4,500 SF

      Retail Land For Sale

      Land available for sale or ground lease in Pleasant Grove.
      1427 W State Rd, 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
      2,376 SF

      Pleasant Grove Retail Space Available

      Retail space available for lease in Pleasant Grove, Utah.
      350 S 2000 W, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      Pending

      Mixed-Use Building with Apartment Units

      Flex commercial building with apartments and commercial tenants.
      10131 E Redwood Dr, Cedar Hills, UT 84062
      View Details
    • 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

    Similar Nearby for Lease

    • 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
      1,800 SF

      Retail Space in Pleasant Grove

      Retail space available in high-demand area near corporate offices.
      1288 Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      2,017 SF

      Retail Space in Valley Grove

      Retail space available in a mixed-use Utah County destination.
      2093 Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      1,361 SF

      Retail Units with Drive-Thru

      Retail units available for lease, one with drive-thru.
      2465 W 280 S, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      1,351 SF

      Retail Space in Pleasant Grove

      Retail space available in high-demand Pleasant Grove location.
      1262 Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      18,700 SF

      Future Retail Space in Pleasant Grove

      Future retail space in a mixed-use Utah County destination.
      1135 S Vly Grv Way, 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.
    587 State Rd Ste A3
    Pleasant Grove, UT 84062-2643
    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
    587 State Rd Ste A3, Pleasant Grove, UT, 84062
    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!