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Property profile & analytics
OFF-MARKET
Strip malls
650 State St Orem, UT 84058-6389
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US86-1466621
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1998
Total area
15,727 SF
Lot
1.26 ac (55,060 SF)
APN
53-149-0003
UPID
US86-1466621
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Modern School of Music Vocational School Training Center
-
Jake Taylor's Music School - Guitar, Bass, and Ukulele Lessons Vocational School Training Center
-
Dave Wilbur's Rock Lab Vocational School Training Center
-
Kyle McCann's music lessons High School
-
Kyle James McCann's Music, Guitar, Bass, and Ukulele lessons Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Snowcreek LP · 6 yrs held
Snowcreek LP
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,419
Tax year 2023
Assessed value
$2,683,500
Assessed 2023
Previous assessed
$2,683,500
+0.0% YoY
Effective rate
0.76%
On assessed value
Land market value
$916,400
Improvement market value
$1,767,100
Total market value
$2,683,500
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1998
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
15,727 SF
Lot
1.26 ac (55,060 SF)
APN
53-149-0003
UPID
US86-1466621
Jurisdiction
UTAH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Snowcreek LP
Entity
Mailing address
650 S STATE ST, OREM, UT 84058-6389
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2025
—
Skr Holdings LLC
—
Deed
related
$500,000 · Altabank
Dec 17, 2019
—
Snowcreek LP
Snow Creek LP
Quit Claim Deed
related
$4,896,000 · Altabank
Feb 22, 2018
—
Skr Holdings LLC
—
Deed
related
$4,488,000 · Zb NA
Jun 18, 2007
—
Skr Holdings LLC
Snowcreek
Warranty Deed
—
Oct 11, 2006
—
Snowcreek
Skr Holding LLC
Quit Claim Deed
related
$1,000,000 · Zions First National Bank
Dec 30, 2005
—
Skr Holdings LLC
Snowcreek
Warranty Deed
—
Sep 20, 2005
—
Creek Snow
650 South State LLC
Grant Deed
$2,500,000 · Zions First National Bank
Nov 13, 2003
—
650 South State LLC
Jorgensen,michael B & Jill O
Quit Claim Deed
related
—
May 21, 1998
—
Michael B Jorgensen
—
Grant Deed
related
$1,500,000 · Guardian State Bank
Jul 12, 1996
—
Jorgensen,michael B & Jill O
Troon Park Lc
Grant Deed
$1,500,000 · Guardian State Bank
—
—
Skr Holdings LLC
—
Deed Of Trust
related
$4,488,000 · Zions First Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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