Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    725 State St Provo, UT 84606-5200

    • Retail space
    • 11,238 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0875688
    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

    • Beesley Monument & Vault Co / Monument Maker / Pet Cemetery

    Property Details for 725 State St

    Year built
    1950
    Lot size
    1.28 lot acres
    Property size
    11,238 SF
    Property type
    Retail space
    APN
    22-029-0089
    APU
    220290089

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Provo
    County
    Utah
    State
    Utah
    Longitude
    -111.642
    Latitude
    40.2248
    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
    $13,190
    $0.00
    $0.00
    $1,280,000
    -
    $916,500
    $363,500
    $1,280,000

    Comparable in this City

    • Value Estimation by Request
      2,087 SF

      1000 State St

      RETAIL STORES (PERSONAL SERVICES) • 2,087 SF
      1000 State St, Provo, UT 84606
      View Details
    • Value Estimation by Request
      41,731 SF

      655 300th S

      RETAIL STORES (PERSONAL SERVICES) • 41,731 SF
      655 300th S, Provo, UT 84606-4962
      View Details
    • Value Estimation by Request
      7,223 SF

      50 500th N Ste, Unit 100

      RETAIL STORES (PERSONAL SERVICES) • 7,223 SF
      50 500th N Ste, Provo, UT 84606-2992
      View Details
    • Value Estimation by Request
      6,211 SF

      1394 State St

      RETAIL STORES (PERSONAL SERVICES) • 6,211 SF
      1394 State St, Provo, UT 84606-6405
      View Details
    • Value Estimation by Request
      17,520 SF

      1476 State St

      RETAIL STORES (PERSONAL SERVICES) • 17,520 SF
      1476 State St, Provo, UT 84606-6406
      View Details
    • Value Estimation by Request
      9,287 SF

      1305 1120th S

      RETAIL STORES (PERSONAL SERVICES) • 9,287 SF
      1305 1120th S, Provo, UT 84606
      View Details

    Similar Nearby for Sale

    • $3,800,000
      21,950 SF

      Historic Knight Block Building

      Historic three-story building in Provo's central business district.
      1 E Center St, Provo, UT 84606
      View Details
    • $2,300,000
      13,450 SF

      Adaptable Building in Provo Opportunity Zone

      Mid-century modern building with high ceilings and flexible space.
      1030 S State St, Provo, UT 84606
      View Details
    • $900,000
      0.33 Acres

      Provo Warehouse/Flex Space Opportunity

      Rare warehouse/flex space in downtown Provo with industrial zoning.
      44 E 400 S, Provo, UT 84606
      View Details
    • $3,600,000
      26,525 SF

      East Bay Industrial Park: Provo, UT

      Manufacturing Facility - 26,525 SF, $3.6M
      1775 East Bay Blvd, Provo, UT 84606
      View Details
    • $1,417,878
      2.17 Acres

      Provo Commercial/Industrial Land Available

      Prime commercial/industrial lots with State Street frontage and I-15 access.
      2400 S State St E, Provo, UT 84606
      View Details
    • $3,500,000
      26,609 SF

      26,609 SF Industrial Building

      Stand-alone building with I-15 access and heavy manufacturing zoning.
      1775 East Bay Blvd, Provo, UT 84606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space in Anchored Center

      Inline shop space available in a busy, anchored shopping center.
      1298 N State St, Provo, UT 84606
      View Details
    • $19 SF/Yr
      5,460 SF

      Downtown Provo Retail Space Available

      Rare 5,460 SF retail space in downtown Provo.
      286 W Center St, Provo, UT 84606
      View Details
    • Contact for pricing
      2,391 SF

      Anchored Shopping Center Space Available

      Inline shop space available in anchored shopping center.
      1254-1402 N State St, Provo, UT 84606
      View Details
    • $1.00 SF/Yr
      21,457 SF

      Industrial Warehouse with Secured Yard

      21,457 SF warehouse with cranes and secured yard.
      701 S 100 E, Provo, UT 84606
      View Details
    • Contact for pricing
      155,140 SF

      Provo Industrial Facility For Lease

      Large industrial space, divisible, ample yard.
      225 900, Provo, UT 84606
      View Details
    • $14 SF/Yr
      32,734 SF

      East Bay Office Space: Provo, UT

      Prime Provo Office Building, 6,000 SF Available
      1078 250, Provo, UT 84606
      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.
    725 State St
    Provo, UT 84606-5200
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.