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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    762 Locust Ave Pleasant Grove, UT 84062-4210

    • Commercial real estate
    • 672 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US86-0502283
    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

    • Commercial real estate

    Property Details for 762 Locust Ave

    Year built
    1968
    Lot size
    0.97 lot acres
    Property size
    672 SF
    Property type
    Commercial real estate
    APN
    45-314-0004
    APU
    453140004

    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
    Pleasant Grove
    County
    Utah
    State
    Utah
    Longitude
    -111.725
    Latitude
    40.3541
    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
    $2,160
    $0.00
    $0.00
    $263,900
    -
    $261,400
    $2,500
    $263,900

    Comparable in this City

    • Value Estimation by Request
      1.29 Acres

      1554 Pleasant Grv Blvd

      COMMERCIAL (GENERAL) • 1.29 Acres
      1554 Pleasant Grv Blvd, Pleasant Grove, UT 84062
      View Details
    • Value Estimation by Request
      1.59 Acres

      160 Pleasant Grv Blvd

      COMMERCIAL (GENERAL) • 1.59 Acres
      160 Pleasant Grv Blvd, Pleasant Grove, UT 84062
      View Details
    • Value Estimation by Request
      0.14 Acres

      Pleasant Grove, UT 84062

      COMMERCIAL (GENERAL) • 0.14 Acres
      Pleasant Grove, UT 84062
      View Details
    • Value Estimation by Request
      0.26 Acres

      Pleasant Grove, UT 84062

      COMMERCIAL (GENERAL) • 0.26 Acres
      Pleasant Grove, UT 84062
      View Details
    • Value Estimation by Request
      0.10 Acres

      1983 680th N

      COMMERCIAL (GENERAL) • 0.10 Acres
      1983 680th N, Pleasant Grove, UT 84062-5040
      View Details
    • Value Estimation by Request
      2 SF

      225 State Rd

      COMMERCIAL (GENERAL) • 2 SF
      225 State Rd, Pleasant Grove, UT 84062-3614
      View Details

    Similar Nearby for Sale

    • $26,800,000
      106,000 SF

      Prime Pleasant Grove Office Campus

      Upscale Executive Offices, 106,000 SF
      1199 700, Pleasant Grove, UT 84062
      View Details
    • $6,599,340
      5.05 Acres

      Prime Retail Land, Pleasant Grove

      Utah Retail Property - 223,201 SF
      1000 State Rd, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      2.38 Acres

      Build-to-Suit Retail Land in Pleasant Grove

      Prime 2.38-acre commercial lot, ideal for retail development.
      1554 Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details
    • $269,900
      0.24 Acres

      Land with Valley Views

      Ready-to-build lot in Pleasant Grove with valley views.
      563 E 500 N, Pleasant Grove, UT 84062
      View Details
    • $879,737

      Commercial Land For Sale

      1.4 acres suitable for office or retail use.
      202 S Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      2 SF

      Land Parcels Near DoTerra Campus

      Land parcels approved for retail, restaurant, and office development.
      1554 W Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,102 SF

      Valley Grove Retail Center

      Pleasant Grove Retail Space Available
      1865 Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details
    • Contact for pricing
      3,000 SF

      Flex/R&D Space in Valley Grove

      Flex/R&D space in a 130-acre mixed-use community.
      2315 W 700 S, Pleasant Grove, UT 84062
      View Details
    • $23 SF/Yr
      2,763 SF

      Office Space in Valley Grove

      Class A office space in a mixed-use Utah County park.
      1982 W Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details
    • $24 SF/Yr
      110,000 SF

      Urban Grove Executive Suites

      Premium Pleasant Grove Office Space
      365 Garden Grove Ln, 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.
      Pleasant Grove Blvd, Pleasant Grove, UT 84062
      View Details
    • $40 SF/Yr
      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
    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.
    762 Locust Ave
    Pleasant Grove, UT 84062-4210
    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.