Entity Owned Property summary
This exceptional investment opportunity presents a 1.67-acre parcel located at 6161 S State St, Murray, UT 84107, featuring a 6,623 square foot retail building currently leased to a prominent tenant. The property boasts a highly visible location as an outparcel of Fashion Place Mall, directly across from Nordstrom. The existing ground lease is a triple net (NNN) lease with 38 years remaining, offering significant long-term stability. The annual lease payment is $85,896.38, subject to a 15%… increase every 10 years, ensuring consistent rental income growth. The lease terms are absolute net, meaning the owner incurs no operating expenses. The current rental rate is below market value, presenting an attractive return on investment. At the lease's end, the building and improvements revert to the landowner. A 30-day first right of refusal is included in the lease agreement. The property's total net rentable area is 72,745 square feet, with an asking price of $2,590,000 ($35.60 per square foot). This presents a rare chance to acquire a high-value retail property with substantial long-term income potential in a prime Murray location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
1 recorded sale · 16 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 7,080 SF
- Lot area
- 1.67 ac
- Year built
- 1972
- Stories
- 1
- APN
- 22-19-104-017
- Zoning
- CDC
- Assessed value · 2023
- $3,589,800
- Annual tax · 2023
- $30,725
- Commercial (general)
- Restaurant · current use
- Warehouse, Storage
- Auto Repair, Garage
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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